Discounted Cash Flow (DCF) Analysis Levered
RBC Bearings Incorporated (RBC)
$206.02
-2.25 (-1.08%)
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 | 674.95 | 702.52 | 727.46 | 608.98 | 942.94 | 1,051.81 | 1,173.26 | 1,308.74 | 1,459.85 | 1,628.41 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 130.29 | 108.55 | 155.62 | 152.45 | 180.29 | 211 | 235.36 | 262.54 | 292.85 | 326.66 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -27.98 | -41.35 | -37.30 | -11.77 | -29.76 | -42.59 | -47.51 | -52.99 | -59.11 | -65.94 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 102.31 | 67.20 | 118.32 | 140.68 | 150.53 | 168.41 | 187.85 | 209.54 | 233.74 | 260.73 |
Weighted Average Cost Of Capital
Share price | $ 206.02 |
---|---|
Beta | 1.426 |
Diluted Shares Outstanding | 27.21 |
Cost of Debt | |
Tax Rate | 39.52 |
After-tax Cost of Debt | 1.45% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.467 |
Total Debt | 1,733.08 |
Total Equity | 5,606.68 |
Total Capital | 7,339.76 |
Debt Weighting | 23.61 |
Equity Weighting | 76.39 |
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 | 674.95 | 702.52 | 727.46 | 608.98 | 942.94 | 1,051.81 | 1,173.26 | 1,308.74 | 1,459.85 | 1,628.41 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 130.29 | 108.55 | 155.62 | 152.45 | 180.29 | 211 | 235.36 | 262.54 | 292.85 | 326.66 |
Capital Expenditure | -27.98 | -41.35 | -37.30 | -11.77 | -29.76 | -42.59 | -47.51 | -52.99 | -59.11 | -65.94 |
Free Cash Flow | 102.31 | 67.20 | 118.32 | 140.68 | 150.53 | 168.41 | 187.85 | 209.54 | 233.74 | 260.73 |
WACC | ||||||||||
PV LFCF | 155.44 | 160.04 | 164.78 | 169.66 | 174.68 | |||||
SUM PV LFCF | 824.60 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.34 |
Free cash flow (t + 1) | 265.94 |
Terminal Value | 4,194.64 |
Present Value of Terminal Value | 2,810.28 |
Intrinsic Value
Enterprise Value | 3,634.88 |
---|---|
Net Debt | 1,550.22 |
Equity Value | 2,084.67 |
Shares Outstanding | 27.21 |
Equity Value Per Share | 76.60 |