Discounted Cash Flow (DCF) Analysis Levered
RBC Bearings Incorporated (RBC)
$234.02
-0.46 (-0.20%)
All numbers are in Millions, Currency in USD
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 | 702.52 | 727.46 | 608.98 | 942.94 | 1,469.29 | 1,828.99 | 2,276.74 | 2,834.10 | 3,527.92 | 4,391.58 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 108.55 | 155.62 | 152.45 | 180.29 | 220.60 | 351.21 | 437.19 | 544.22 | 677.44 | 843.29 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -41.35 | -37.30 | -11.77 | -29.76 | -42 | -69.36 | -86.33 | -107.47 | -133.78 | -166.53 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 67.20 | 118.32 | 140.68 | 150.53 | 178.60 | 281.85 | 350.85 | 436.75 | 543.67 | 676.76 |
Weighted Average Cost Of Capital
Share price | $ 234.02 |
---|---|
Beta | 1.411 |
Diluted Shares Outstanding | 29.07 |
Cost of Debt | |
Tax Rate | 20.52 |
After-tax Cost of Debt | 4.23% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.281 |
Total Debt | 1,441.70 |
Total Equity | 6,803.53 |
Total Capital | 8,245.23 |
Debt Weighting | 17.49 |
Equity Weighting | 82.51 |
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 | 702.52 | 727.46 | 608.98 | 942.94 | 1,469.29 | 1,828.99 | 2,276.74 | 2,834.10 | 3,527.92 | 4,391.58 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 108.55 | 155.62 | 152.45 | 180.29 | 220.60 | 351.21 | 437.19 | 544.22 | 677.44 | 843.29 |
Capital Expenditure | -41.35 | -37.30 | -11.77 | -29.76 | -42 | -69.36 | -86.33 | -107.47 | -133.78 | -166.53 |
Free Cash Flow | 67.20 | 118.32 | 140.68 | 150.53 | 178.60 | 281.85 | 350.85 | 436.75 | 543.67 | 676.76 |
WACC | ||||||||||
PV LFCF | 232.73 | 263.24 | 297.76 | 336.81 | 380.97 | |||||
SUM PV LFCF | 1,663.42 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 10.05 |
Free cash flow (t + 1) | 690.29 |
Terminal Value | 8,575.08 |
Present Value of Terminal Value | 5,312.37 |
Intrinsic Value
Enterprise Value | 6,975.78 |
---|---|
Net Debt | 1,376.30 |
Equity Value | 5,599.48 |
Shares Outstanding | 29.07 |
Equity Value Per Share | 192.60 |