Discounted Cash Flow (DCF) Analysis Levered

Renasant Corporation (RNST)

$25.66

-0.53 (-2.02%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 58.13 | 25.66 | undervalue

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 540.49597.34660.29650.99630.55656.58683.67711.89741.27771.87
Revenue (%)
Operating Cash Flow 77.41163.6282.24142.66574.05219.46228.51237.95247.77257.99
Operating Cash Flow (%)
Capital Expenditure -22.36-34.97-28.27-20.52-14.84-25.97-27.04-28.16-29.32-30.53
Capital Expenditure (%)
Free Cash Flow 55.05128.6653.97122.14559.21193.49201.47209.79218.45227.46

Weighted Average Cost Of Capital

Share price $ 25.66
Beta 1.124
Diluted Shares Outstanding 56.11
Cost of Debt
Tax Rate 21.41
After-tax Cost of Debt 4.17%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.026
Total Debt 1,140.37
Total Equity 1,439.66
Total Capital 2,580.02
Debt Weighting 44.20
Equity Weighting 55.80
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 540.49597.34660.29650.99630.55656.58683.67711.89741.27771.87
Operating Cash Flow 77.41163.6282.24142.66574.05219.46228.51237.95247.77257.99
Capital Expenditure -22.36-34.97-28.27-20.52-14.84-25.97-27.04-28.16-29.32-30.53
Free Cash Flow 55.05128.6653.97122.14559.21193.49201.47209.79218.45227.46
WACC
PV LFCF 180.09174.54169.15163.94158.88
SUM PV LFCF 846.60

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.44
Free cash flow (t + 1) 232.01
Terminal Value 4,264.92
Present Value of Terminal Value 2,979.07

Intrinsic Value

Enterprise Value 3,825.67
Net Debt 564.37
Equity Value 3,261.30
Shares Outstanding 56.11
Equity Value Per Share 58.13