Discounted Cash Flow (DCF) Analysis Levered

Precot Limited (PRECOT.NS)

171.5 ₹

-0.30 (-0.17%)
All numbers are in Millions, Currency in USD
Stock DCF: 510.89 | 171.5 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 6,830.607,599.996,994.956,4609,546.6010,583.2511,732.4713,006.4714,418.8215,984.54
Revenue (%)
Operating Cash Flow 107.48730.36534.22260555.30606.68672.56745.59826.55916.31
Operating Cash Flow (%)
Capital Expenditure -75.76-122.87-101.80-114.60-568.10-252.01-279.37-309.71-343.34-380.62
Capital Expenditure (%)
Free Cash Flow 31.72607.49432.43145.40-12.80354.67393.19435.88483.21535.68

Weighted Average Cost Of Capital

Share price $ 171.5
Beta 0.910
Diluted Shares Outstanding 12
Cost of Debt
Tax Rate 21.18
After-tax Cost of Debt 6.35%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.931
Total Debt 3,597.10
Total Equity 2,058
Total Capital 5,655.10
Debt Weighting 63.61
Equity Weighting 36.39
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 6,830.607,599.996,994.956,4609,546.6010,583.2511,732.4713,006.4714,418.8215,984.54
Operating Cash Flow 107.48730.36534.22260555.30606.68672.56745.59826.55916.31
Capital Expenditure -75.76-122.87-101.80-114.60-568.10-252.01-279.37-309.71-343.34-380.62
Free Cash Flow 31.72607.49432.43145.40-12.80354.67393.19435.88483.21535.68
WACC
PV LFCF 290.09300.75311.80323.25335.13
SUM PV LFCF 1,784.86

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.93
Free cash flow (t + 1) 546.40
Terminal Value 11,083.10
Present Value of Terminal Value 7,928

Intrinsic Value

Enterprise Value 9,712.86
Net Debt 3,582.20
Equity Value 6,130.66
Shares Outstanding 12
Equity Value Per Share 510.89