Discounted Cash Flow (DCF) Analysis Levered
Gibraltar Industries, Inc. (ROCK)
$68.355
+0.99 (+1.48%)
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 | 1,002.37 | 1,047.44 | 1,032.58 | 1,339.78 | 1,389.97 | 1,517.06 | 1,655.77 | 1,807.17 | 1,972.41 | 2,152.75 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 97.54 | 129.93 | 89.10 | 23.07 | 102.69 | 120.99 | 132.05 | 144.12 | 157.30 | 171.68 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -12.46 | -11.18 | -13.07 | -17.71 | -20.06 | -19.24 | -21 | -22.92 | -25.01 | -27.30 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 85.09 | 118.75 | 76.04 | 5.37 | 82.63 | 101.75 | 111.05 | 121.21 | 132.29 | 144.38 |
Weighted Average Cost Of Capital
| Share price | $ 68.355 |
|---|---|
| Beta | 1.128 |
| Diluted Shares Outstanding | 32.19 |
| Cost of Debt | |
| Tax Rate | 26.09 |
| After-tax Cost of Debt | 2.57% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.851 |
| Total Debt | 116.42 |
| Total Equity | 2,200.48 |
| Total Capital | 2,316.91 |
| Debt Weighting | 5.02 |
| Equity Weighting | 94.98 |
| 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 | 1,002.37 | 1,047.44 | 1,032.58 | 1,339.78 | 1,389.97 | 1,517.06 | 1,655.77 | 1,807.17 | 1,972.41 | 2,152.75 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 97.54 | 129.93 | 89.10 | 23.07 | 102.69 | 120.99 | 132.05 | 144.12 | 157.30 | 171.68 |
| Capital Expenditure | -12.46 | -11.18 | -13.07 | -17.71 | -20.06 | -19.24 | -21 | -22.92 | -25.01 | -27.30 |
| Free Cash Flow | 85.09 | 118.75 | 76.04 | 5.37 | 82.63 | 101.75 | 111.05 | 121.21 | 132.29 | 144.38 |
| WACC | ||||||||||
| PV LFCF | 92.94 | 92.65 | 92.37 | 92.08 | 91.80 | |||||
| SUM PV LFCF | 461.84 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.48 |
| Free cash flow (t + 1) | 147.27 |
| Terminal Value | 1,968.87 |
| Present Value of Terminal Value | 1,251.83 |
Intrinsic Value
| Enterprise Value | 1,713.67 |
|---|---|
| Net Debt | 98.81 |
| Equity Value | 1,614.85 |
| Shares Outstanding | 32.19 |
| Equity Value Per Share | 50.16 |