Discounted Cash Flow (DCF) Analysis Levered
Rite Aid Corporation (RAD)
$2.1
-0.12 (-5.41%)
All numbers are in Millions, Currency in USD
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 | 21,528.97 | 21,639.56 | 21,928.39 | 24,043.24 | 24,568.25 | 25,408.27 | 26,277 | 27,175.44 | 28,104.59 | 29,065.52 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 266.34 | -228.66 | 487.02 | 22.99 | 379.27 | 205.34 | 212.36 | 219.62 | 227.13 | 234.89 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -214.76 | -244.69 | -214.39 | -224.94 | -220.71 | -251.03 | -259.61 | -268.49 | -277.67 | -287.16 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 51.58 | -473.35 | 272.64 | -201.95 | 158.56 | -45.69 | -47.25 | -48.87 | -50.54 | -52.27 |
Weighted Average Cost Of Capital
| Share price | $ 2.1 |
|---|---|
| Beta | 1.195 |
| Diluted Shares Outstanding | 54.05 |
| Cost of Debt | |
| Tax Rate | 0.70 |
| After-tax Cost of Debt | 3.21% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.020 |
| Total Debt | 5,926.10 |
| Total Equity | 113.52 |
| Total Capital | 6,039.62 |
| Debt Weighting | 98.12 |
| Equity Weighting | 1.88 |
| 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 | 21,528.97 | 21,639.56 | 21,928.39 | 24,043.24 | 24,568.25 | 25,408.27 | 26,277 | 27,175.44 | 28,104.59 | 29,065.52 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 266.34 | -228.66 | 487.02 | 22.99 | 379.27 | 205.34 | 212.36 | 219.62 | 227.13 | 234.89 |
| Capital Expenditure | -214.76 | -244.69 | -214.39 | -224.94 | -220.71 | -251.03 | -259.61 | -268.49 | -277.67 | -287.16 |
| Free Cash Flow | 51.58 | -473.35 | 272.64 | -201.95 | 158.56 | -45.69 | -47.25 | -48.87 | -50.54 | -52.27 |
| WACC | ||||||||||
| PV LFCF | -41.43 | -41.47 | -41.51 | -41.55 | -41.59 | |||||
| SUM PV LFCF | -221.54 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.32 |
| Free cash flow (t + 1) | -53.31 |
| Terminal Value | -4,038.86 |
| Present Value of Terminal Value | -3,430.34 |
Intrinsic Value
| Enterprise Value | -3,651.88 |
|---|---|
| Net Debt | 5,886.38 |
| Equity Value | -9,538.26 |
| Shares Outstanding | 54.05 |
| Equity Value Per Share | -176.45 |