Discounted Cash Flow (DCF) Analysis Levered

Remsons Industries Limited (REMSONSIND.NS)

236.55 ₹

-6.70 (-2.75%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.49 | 236.55 | overvalue

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 1,283.601,479.751,577.872,247.892,864.513,521.974,330.325,324.206,546.208,048.66
Revenue (%)
Operating Cash Flow 43.1980.0551.94-10.19143.47117.08143.95176.99217.61267.56
Operating Cash Flow (%)
Capital Expenditure -31.72-38.42-27.02-81.54-95.70-96.84-119.07-146.39-179.99-221.30
Capital Expenditure (%)
Free Cash Flow 11.4741.6324.92-91.7347.7720.2424.8930.6037.6246.25

Weighted Average Cost Of Capital

Share price $ 236.55
Beta 0.995
Diluted Shares Outstanding 5.71
Cost of Debt
Tax Rate 26.97
After-tax Cost of Debt 5.80%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.227
Total Debt 809.84
Total Equity 1,350.90
Total Capital 2,160.74
Debt Weighting 37.48
Equity Weighting 62.52
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 1,283.601,479.751,577.872,247.892,864.513,521.974,330.325,324.206,546.208,048.66
Operating Cash Flow 43.1980.0551.94-10.19143.47117.08143.95176.99217.61267.56
Capital Expenditure -31.72-38.42-27.02-81.54-95.70-96.84-119.07-146.39-179.99-221.30
Free Cash Flow 11.4741.6324.92-91.7347.7720.2424.8930.6037.6246.25
WACC
PV LFCF 17.5720.1323.0726.4230.27
SUM PV LFCF 126.07

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.32
Free cash flow (t + 1) 47.18
Terminal Value 886.83
Present Value of Terminal Value 622.93

Intrinsic Value

Enterprise Value 749
Net Debt 746.20
Equity Value 2.80
Shares Outstanding 5.71
Equity Value Per Share 0.49