Discounted Cash Flow (DCF) Analysis Levered

Saputo Inc. (SAP.TO)

$27.18

-0.43 (-1.56%)
All numbers are in Millions, Currency in USD
Stock DCF: 61.79 | 27.18 | 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 13,501.9014,943.5014,293.9015,03517,84319,189.7520,638.1522,195.8723,871.1725,672.91
Revenue (%)
Operating Cash Flow 884.501,036.901,078.106931,0251,204.581,295.491,393.281,498.441,611.54
Operating Cash Flow (%)
Capital Expenditure -436-576.30-433-498-641-653.21-702.51-755.53-812.56-873.89
Capital Expenditure (%)
Free Cash Flow 448.50460.60645.10195384551.37592.98637.74685.88737.65

Weighted Average Cost Of Capital

Share price $ 27.18
Beta 0.358
Diluted Shares Outstanding 419.23
Cost of Debt
Tax Rate 19.74
After-tax Cost of Debt 3.34%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.849
Total Debt 4,040
Total Equity 11,394.65
Total Capital 15,434.65
Debt Weighting 26.17
Equity Weighting 73.83
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 13,501.9014,943.5014,293.9015,03517,84319,189.7520,638.1522,195.8723,871.1725,672.91
Operating Cash Flow 884.501,036.901,078.106931,0251,204.581,295.491,393.281,498.441,611.54
Capital Expenditure -436-576.30-433-498-641-653.21-702.51-755.53-812.56-873.89
Free Cash Flow 448.50460.60645.10195384551.37592.98637.74685.88737.65
WACC
PV LFCF 524.16535.91547.93560.21572.76
SUM PV LFCF 2,740.97

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.19
Free cash flow (t + 1) 759.78
Terminal Value 34,692.93
Present Value of Terminal Value 26,938.21

Intrinsic Value

Enterprise Value 29,679.18
Net Debt 3,777
Equity Value 25,902.18
Shares Outstanding 419.23
Equity Value Per Share 61.79