Discounted Cash Flow (DCF) Analysis Levered

Prudential Financial, Inc. 5.62 (PRS)

$25

+0.11 (+0.46%)
All numbers are in Millions, Currency in USD
Stock DCF: -Infinity | 25 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 57,24349,83461,40860,050-3,169-2,398.88-1,815.91-1,374.62-1,040.56-787.69
Revenue (%)
Operating Cash Flow 19,6258,3689,8125,158-599.28-453.65-343.40-259.95-196.78-148.96
Operating Cash Flow (%)
Capital Expenditure -3,804-88736-1,125.6259.4044.9734.0425.7719.5014.76
Capital Expenditure (%)
Free Cash Flow 15,8218,28010,5484,032.38-539.88-408.68-309.37-234.18-177.27-134.19

Weighted Average Cost Of Capital

Share price $ 25
Beta 0.000
Diluted Shares Outstanding -
Cost of Debt
Tax Rate -78.45
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.331
Total Debt 18,187
Total Equity -
Total Capital 18,187
Debt Weighting 100.00
Equity Weighting 0.00
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 57,24349,83461,40860,050-3,169-2,398.88-1,815.91-1,374.62-1,040.56-787.69
Operating Cash Flow 19,6258,3689,8125,158-599.28-453.65-343.40-259.95-196.78-148.96
Capital Expenditure -3,804-88736-1,125.6259.4044.9734.0425.7719.5014.76
Free Cash Flow 15,8218,28010,5484,032.38-539.88-408.68-309.37-234.18-177.27-134.19
WACC
PV LFCF -389.22-280.60-202.30-145.84-105.14
SUM PV LFCF -1,123.11

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.00
Free cash flow (t + 1) -136.88
Terminal Value -4,562.57
Present Value of Terminal Value -3,574.89

Intrinsic Value

Enterprise Value -4,698
Net Debt 17,216
Equity Value -21,914
Shares Outstanding -
Equity Value Per Share -Infinity