Discounted Cash Flow (DCF) Analysis Levered
Repligen Corporation (RGEN)
$167.26
+0.19 (+0.11%)
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 | 194.03 | 270.25 | 366.26 | 670.53 | 801.54 | 1,157.06 | 1,670.27 | 2,411.12 | 3,480.58 | 5,024.39 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 32.77 | 67.22 | 62.62 | 119.02 | 172.08 | 226.96 | 327.63 | 472.96 | 682.74 | 985.57 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -14.04 | -23.15 | -26.34 | -71.28 | -88.35 | -103.32 | -149.14 | -215.30 | -310.79 | -448.64 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 18.73 | 44.06 | 36.28 | 47.74 | 83.74 | 123.65 | 178.49 | 257.66 | 371.95 | 536.92 |
Weighted Average Cost Of Capital
Share price | $ 167.26 |
---|---|
Beta | 1.078 |
Diluted Shares Outstanding | 57.45 |
Cost of Debt | |
Tax Rate | 15.14 |
After-tax Cost of Debt | 0.23% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.781 |
Total Debt | 422.96 |
Total Equity | 9,609.92 |
Total Capital | 10,032.88 |
Debt Weighting | 4.22 |
Equity Weighting | 95.78 |
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 | 194.03 | 270.25 | 366.26 | 670.53 | 801.54 | 1,157.06 | 1,670.27 | 2,411.12 | 3,480.58 | 5,024.39 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 32.77 | 67.22 | 62.62 | 119.02 | 172.08 | 226.96 | 327.63 | 472.96 | 682.74 | 985.57 |
Capital Expenditure | -14.04 | -23.15 | -26.34 | -71.28 | -88.35 | -103.32 | -149.14 | -215.30 | -310.79 | -448.64 |
Free Cash Flow | 18.73 | 44.06 | 36.28 | 47.74 | 83.74 | 123.65 | 178.49 | 257.66 | 371.95 | 536.92 |
WACC | ||||||||||
PV LFCF | 114.04 | 151.84 | 202.17 | 269.18 | 358.40 | |||||
SUM PV LFCF | 1,095.64 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.42 |
Free cash flow (t + 1) | 547.66 |
Terminal Value | 8,530.55 |
Present Value of Terminal Value | 5,694.17 |
Intrinsic Value
Enterprise Value | 6,789.80 |
---|---|
Net Debt | -100.50 |
Equity Value | 6,890.30 |
Shares Outstanding | 57.45 |
Equity Value Per Share | 119.93 |