Discounted Cash Flow (DCF) Analysis Levered
Rockwell Automation, Inc. (ROK)
$302.92
+3.82 (+1.28%)
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 | 6,666 | 6,694.80 | 6,329.80 | 6,997.40 | 7,760.40 | 8,079.18 | 8,411.05 | 8,756.56 | 9,116.26 | 9,490.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,300 | 1,182 | 1,120.50 | 1,261 | 823.10 | 1,349.01 | 1,404.42 | 1,462.11 | 1,522.17 | 1,584.70 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -125.50 | -132.80 | -113.90 | -120.30 | -141.10 | -148.71 | -154.82 | -161.18 | -167.80 | -174.69 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1,174.50 | 1,049.20 | 1,006.60 | 1,140.70 | 682 | 1,200.30 | 1,249.61 | 1,300.94 | 1,354.38 | 1,410.01 |
Weighted Average Cost Of Capital
| Share price | $ 302.92 |
|---|---|
| Beta | 1.426 |
| Diluted Shares Outstanding | 116.70 |
| Cost of Debt | |
| Tax Rate | 13.17 |
| After-tax Cost of Debt | 2.56% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.444 |
| Total Debt | 4,183 |
| Total Equity | 35,350.76 |
| Total Capital | 39,533.76 |
| Debt Weighting | 10.58 |
| Equity Weighting | 89.42 |
| 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 | 6,666 | 6,694.80 | 6,329.80 | 6,997.40 | 7,760.40 | 8,079.18 | 8,411.05 | 8,756.56 | 9,116.26 | 9,490.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,300 | 1,182 | 1,120.50 | 1,261 | 823.10 | 1,349.01 | 1,404.42 | 1,462.11 | 1,522.17 | 1,584.70 |
| Capital Expenditure | -125.50 | -132.80 | -113.90 | -120.30 | -141.10 | -148.71 | -154.82 | -161.18 | -167.80 | -174.69 |
| Free Cash Flow | 1,174.50 | 1,049.20 | 1,006.60 | 1,140.70 | 682 | 1,200.30 | 1,249.61 | 1,300.94 | 1,354.38 | 1,410.01 |
| WACC | ||||||||||
| PV LFCF | 999.06 | 948.91 | 901.27 | 856.03 | 813.06 | |||||
| SUM PV LFCF | 4,952.53 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.61 |
| Free cash flow (t + 1) | 1,438.21 |
| Terminal Value | 18,898.98 |
| Present Value of Terminal Value | 11,945.04 |
Intrinsic Value
| Enterprise Value | 16,897.57 |
|---|---|
| Net Debt | 3,692.30 |
| Equity Value | 13,205.27 |
| Shares Outstanding | 116.70 |
| Equity Value Per Share | 113.16 |