Discounted Cash Flow (DCF) Analysis Levered
Santander Consumer USA Holdings Inc... (SC)
$41.6
+0.01 (+0.02%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
Revenue | 5,815.66 | 5,717.39 | 6,060.42 | 6,573.42 | 6,743.72 | 7,002.78 | 7,271.78 | 7,551.12 | 7,841.19 | 8,142.40 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 4,473.12 | 3,766.60 | 6,244.87 | 5,533.23 | 4,012.49 | 5,455.36 | 5,664.92 | 5,882.53 | 6,108.50 | 6,343.15 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -5,619.93 | -6,024.33 | -9,829.75 | -8,589.78 | -6,884.13 | -8,360.69 | -8,681.86 | -9,015.36 | -9,361.68 | -9,721.30 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -1,146.81 | -2,257.73 | -3,584.88 | -3,056.55 | -2,871.64 | -2,905.33 | -3,016.94 | -3,132.83 | -3,253.18 | -3,378.14 |
Weighted Average Cost Of Capital
Share price | $ 41.6 |
---|---|
Beta | 1.014 |
Diluted Shares Outstanding | 317.69 |
Cost of Debt | |
Tax Rate | 24.71 |
After-tax Cost of Debt | 2.21% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.597 |
Total Debt | 41,138.67 |
Total Equity | 13,215.87 |
Total Capital | 54,354.54 |
Debt Weighting | 75.69 |
Equity Weighting | 24.31 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
Revenue | 5,815.66 | 5,717.39 | 6,060.42 | 6,573.42 | 6,743.72 | 7,002.78 | 7,271.78 | 7,551.12 | 7,841.19 | 8,142.40 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 4,473.12 | 3,766.60 | 6,244.87 | 5,533.23 | 4,012.49 | 5,455.36 | 5,664.92 | 5,882.53 | 6,108.50 | 6,343.15 |
Capital Expenditure | -5,619.93 | -6,024.33 | -9,829.75 | -8,589.78 | -6,884.13 | -8,360.69 | -8,681.86 | -9,015.36 | -9,361.68 | -9,721.30 |
Free Cash Flow | -1,146.81 | -2,257.73 | -3,584.88 | -3,056.55 | -2,871.64 | -2,905.33 | -3,016.94 | -3,132.83 | -3,253.18 | -3,378.14 |
WACC | ||||||||||
PV LFCF | -2,800.05 | -2,802.25 | -2,804.45 | -2,806.65 | -2,808.85 | |||||
SUM PV LFCF | -14,022.24 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.76 |
Free cash flow (t + 1) | -3,445.71 |
Terminal Value | -195,778.79 |
Present Value of Terminal Value | -162,785.54 |
Intrinsic Value
Enterprise Value | -176,807.78 |
---|---|
Net Debt | 41,029.62 |
Equity Value | -217,837.40 |
Shares Outstanding | 317.69 |
Equity Value Per Share | -685.69 |