Discounted Cash Flow (DCF) Analysis Levered
Gibraltar Industries, Inc. (ROCK)
$48.81
+2.11 (+4.52%)
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 | 986.92 | 1,002.37 | 1,047.44 | 1,032.58 | 1,339.78 | 1,454.99 | 1,580.09 | 1,715.96 | 1,863.51 | 2,023.74 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 70.07 | 97.54 | 129.93 | 89.10 | 23.07 | 115.20 | 125.10 | 135.86 | 147.54 | 160.23 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -11.40 | -12.46 | -11.18 | -13.07 | -17.71 | -17.61 | -19.13 | -20.77 | -22.56 | -24.50 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 58.67 | 85.09 | 118.75 | 76.04 | 5.37 | 97.59 | 105.98 | 115.09 | 124.99 | 135.73 |
Weighted Average Cost Of Capital
Share price | $ 48.81 |
---|---|
Beta | 1.138 |
Diluted Shares Outstanding | 32.92 |
Cost of Debt | |
Tax Rate | 24.04 |
After-tax Cost of Debt | 2.93% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.222 |
Total Debt | 42.41 |
Total Equity | 1,606.73 |
Total Capital | 1,649.14 |
Debt Weighting | 2.57 |
Equity Weighting | 97.43 |
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 | 986.92 | 1,002.37 | 1,047.44 | 1,032.58 | 1,339.78 | 1,454.99 | 1,580.09 | 1,715.96 | 1,863.51 | 2,023.74 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 70.07 | 97.54 | 129.93 | 89.10 | 23.07 | 115.20 | 125.10 | 135.86 | 147.54 | 160.23 |
Capital Expenditure | -11.40 | -12.46 | -11.18 | -13.07 | -17.71 | -17.61 | -19.13 | -20.77 | -22.56 | -24.50 |
Free Cash Flow | 58.67 | 85.09 | 118.75 | 76.04 | 5.37 | 97.59 | 105.98 | 115.09 | 124.99 | 135.73 |
WACC | ||||||||||
PV LFCF | 123.24 | 123.82 | 124.40 | 124.99 | 125.57 | |||||
SUM PV LFCF | 455.68 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.09 |
Free cash flow (t + 1) | 138.45 |
Terminal Value | 2,273.35 |
Present Value of Terminal Value | 1,540.77 |
Intrinsic Value
Enterprise Value | 1,996.45 |
---|---|
Net Debt | 29.56 |
Equity Value | 1,966.89 |
Shares Outstanding | 32.92 |
Equity Value Per Share | 59.75 |