Discounted Cash Flow (DCF) Analysis Levered
Robert Half International Inc. (RHI)
$81.74
+0.40 (+0.49%)
All numbers are in Millions, Currency in USD
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 | 5,266.79 | 5,800.27 | 6,074.43 | 5,109 | 6,461.44 | 6,872.30 | 7,309.28 | 7,774.05 | 8,268.36 | 8,794.11 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 452.99 | 572.32 | 519.63 | 596.53 | 603.14 | 660.19 | 702.17 | 746.82 | 794.31 | 844.81 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -40.75 | -42.48 | -59.46 | -33.38 | -36.61 | -50.92 | -54.16 | -57.61 | -61.27 | -65.17 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 412.24 | 529.84 | 460.17 | 563.15 | 566.53 | 609.27 | 648.01 | 689.21 | 733.04 | 779.65 |
Weighted Average Cost Of Capital
| Share price | $ 81.74 |
|---|---|
| Beta | 1.450 |
| Diluted Shares Outstanding | 113.32 |
| Cost of Debt | |
| Tax Rate | 25.52 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.680 |
| Total Debt | 613.94 |
| Total Equity | 9,262.61 |
| Total Capital | 9,876.56 |
| Debt Weighting | 6.22 |
| Equity Weighting | 93.78 |
| 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 | 5,266.79 | 5,800.27 | 6,074.43 | 5,109 | 6,461.44 | 6,872.30 | 7,309.28 | 7,774.05 | 8,268.36 | 8,794.11 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 452.99 | 572.32 | 519.63 | 596.53 | 603.14 | 660.19 | 702.17 | 746.82 | 794.31 | 844.81 |
| Capital Expenditure | -40.75 | -42.48 | -59.46 | -33.38 | -36.61 | -50.92 | -54.16 | -57.61 | -61.27 | -65.17 |
| Free Cash Flow | 412.24 | 529.84 | 460.17 | 563.15 | 566.53 | 609.27 | 648.01 | 689.21 | 733.04 | 779.65 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 795.24 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -5.06 |
| Equity Value | - |
| Shares Outstanding | 113.32 |
| Equity Value Per Share | - |