Discounted Cash Flow (DCF) Analysis Levered

Remsons Industries Limited (REMSONSIND.NS)

869.65 ₹

-15.45 (-1.75%)
All numbers are in Millions, Currency in USD
Stock DCF: 123.05 | 869.65 | 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 1,479.751,577.872,247.892,851.273,1283,797.724,610.845,598.046,796.618,251.81
Revenue (%)
Operating Cash Flow 80.0551.94-10.19143.47277168.13204.13247.83300.89365.31
Operating Cash Flow (%)
Capital Expenditure -38.42-27.02-81.54-95.70-138.60-119.42-144.99-176.04-213.73-259.49
Capital Expenditure (%)
Free Cash Flow 41.6324.92-91.7347.77138.4048.7059.1371.7987.16105.82

Weighted Average Cost Of Capital

Share price $ 869.65
Beta 1.168
Diluted Shares Outstanding 5.71
Cost of Debt
Tax Rate 30.57
After-tax Cost of Debt 5.34%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.869
Total Debt 824.53
Total Equity 4,968.62
Total Capital 5,793.15
Debt Weighting 14.23
Equity Weighting 85.77
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 1,479.751,577.872,247.892,851.273,1283,797.724,610.845,598.046,796.618,251.81
Operating Cash Flow 80.0551.94-10.19143.47277168.13204.13247.83300.89365.31
Capital Expenditure -38.42-27.02-81.54-95.70-138.60-119.42-144.99-176.04-213.73-259.49
Free Cash Flow 41.6324.92-91.7347.77138.4048.7059.1371.7987.16105.82
WACC
PV LFCF 44.5949.5755.1061.2568.09
SUM PV LFCF 278.60

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.22
Free cash flow (t + 1) 109
Terminal Value 1,752.39
Present Value of Terminal Value 1,127.51

Intrinsic Value

Enterprise Value 1,406.11
Net Debt 703.07
Equity Value 703.04
Shares Outstanding 5.71
Equity Value Per Share 123.05