Discounted Cash Flow (DCF) Analysis Levered

Radius Global Infrastructure, Inc. (RADI)

$13.45

+0.30 (+2.28%)
All numbers are in Millions, Currency in USD
Stock DCF: -411.86 | 13.45 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 55.7162.92103.61143.82199.63277.10384.64533.91
Revenue (%)
Operating Cash Flow -6.59-7.44-12.26-17.01-23.61-32.78-45.50-63.15
Operating Cash Flow (%)
Capital Expenditure -78.37-88.52-145.76-202.33-280.85-389.84-541.12-751.12
Capital Expenditure (%)
Free Cash Flow -84.96-95.96-158.02-219.34-304.46-422.61-586.62-814.27

Weighted Average Cost Of Capital

Share price $ 13.45
Beta 0.548
Diluted Shares Outstanding 71.08
Cost of Debt
Tax Rate 7.27
After-tax Cost of Debt 3.36%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.103
Total Debt 1,307.56
Total Equity 956.07
Total Capital 2,263.63
Debt Weighting 57.76
Equity Weighting 42.24
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 55.7162.92103.61143.82199.63277.10384.64533.91
Operating Cash Flow -6.59-7.44-12.26-17.01-23.61-32.78-45.50-63.15
Capital Expenditure -78.37-88.52-145.76-202.33-280.85-389.84-541.12-751.12
Free Cash Flow -84.96-95.96-158.02-219.34-304.46-422.61-586.62-814.27
WACC
PV LFCF -229.25-304.46-404.34-536.98-713.13
SUM PV LFCF -2,002.99

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.52
Free cash flow (t + 1) -830.56
Terminal Value -32,958.54
Present Value of Terminal Value -26,422.32

Intrinsic Value

Enterprise Value -28,425.31
Net Debt 851.41
Equity Value -29,276.72
Shares Outstanding 71.08
Equity Value Per Share -411.86