Discounted Cash Flow (DCF) Analysis Levered
Gibraltar Industries, Inc. (ROCK)
$44.13
-1.18 (-2.60%)
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 | $ 44.13 |
|---|---|
| Beta | 1.157 |
| 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 | 9.344 |
| Total Debt | 42.41 |
| Total Equity | 1,452.67 |
| Total Capital | 1,495.08 |
| Debt Weighting | 2.84 |
| Equity Weighting | 97.16 |
| 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 | 89.40 | 88.94 | 88.48 | 88.02 | 87.57 | |||||
| SUM PV LFCF | 442.41 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.16 |
| Free cash flow (t + 1) | 138.45 |
| Terminal Value | 1,933.62 |
| Present Value of Terminal Value | 1,247.53 |
Intrinsic Value
| Enterprise Value | 1,689.95 |
|---|---|
| Net Debt | 29.56 |
| Equity Value | 1,660.38 |
| Shares Outstanding | 32.92 |
| Equity Value Per Share | 50.44 |