Discounted Cash Flow (DCF) Analysis Levered

Renewable Energy Group, Inc. (REGI)

$61.5

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 261.54 | 61.5 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 2,158.242,382.992,641.392,137.153,244.053,681.684,178.344,7425,381.706,107.69
Revenue (%)
Operating Cash Flow 15.60365.53-46.71543.43-16.24288.80327.76371.97422.15479.10
Operating Cash Flow (%)
Capital Expenditure -67.57-46.45-42.52-63.64-99.55-93.78-106.43-120.79-137.09-155.58
Capital Expenditure (%)
Free Cash Flow -51.98319.08-89.23479.79-115.79195.01221.32251.18285.06323.52

Weighted Average Cost Of Capital

Share price $ 61.5
Beta 0.000
Diluted Shares Outstanding 47.72
Cost of Debt
Tax Rate -7.26
After-tax Cost of Debt 4.33%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.326
Total Debt 588.77
Total Equity 2,934.67
Total Capital 3,523.44
Debt Weighting 16.71
Equity Weighting 83.29
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 2,158.242,382.992,641.392,137.153,244.053,681.684,178.344,7425,381.706,107.69
Operating Cash Flow 15.60365.53-46.71543.43-16.24288.80327.76371.97422.15479.10
Capital Expenditure -67.57-46.45-42.52-63.64-99.55-93.78-106.43-120.79-137.09-155.58
Free Cash Flow -51.98319.08-89.23479.79-115.79195.01221.32251.18285.06323.52
WACC
PV LFCF 186.92203.33221.18240.60261.73
SUM PV LFCF 1,113.77

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.33
Free cash flow (t + 1) 329.99
Terminal Value 14,162.54
Present Value of Terminal Value 11,457.64

Intrinsic Value

Enterprise Value 12,571.41
Net Debt 91.12
Equity Value 12,480.29
Shares Outstanding 47.72
Equity Value Per Share 261.54