Discounted Cash Flow (DCF) Analysis Levered
Service Corporation International (SCI)
$61.07
-0.86 (-1.39%)
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 | 3,095.03 | 3,190.17 | 3,230.78 | 3,511.51 | 4,143.14 | 4,464.48 | 4,810.74 | 5,183.86 | 5,585.91 | 6,019.15 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 502.34 | 615.83 | 628.75 | 804.35 | 920.61 | 893.99 | 963.32 | 1,038.04 | 1,118.55 | 1,205.30 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -214.50 | -250.07 | -51.37 | -222.21 | -303.66 | -268.02 | -288.80 | -311.20 | -335.34 | -361.35 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 287.84 | 365.76 | 577.38 | 582.14 | 616.95 | 625.97 | 674.52 | 726.83 | 783.21 | 843.95 |
Weighted Average Cost Of Capital
| Share price | $ 61.07 |
|---|---|
| Beta | 0.758 |
| Diluted Shares Outstanding | 178.99 |
| Cost of Debt | |
| Tax Rate | 23.20 |
| After-tax Cost of Debt | 2.85% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.402 |
| Total Debt | 4,061.59 |
| Total Equity | 10,930.92 |
| Total Capital | 14,992.51 |
| Debt Weighting | 27.09 |
| Equity Weighting | 72.91 |
| 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 | 3,095.03 | 3,190.17 | 3,230.78 | 3,511.51 | 4,143.14 | 4,464.48 | 4,810.74 | 5,183.86 | 5,585.91 | 6,019.15 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 502.34 | 615.83 | 628.75 | 804.35 | 920.61 | 893.99 | 963.32 | 1,038.04 | 1,118.55 | 1,205.30 |
| Capital Expenditure | -214.50 | -250.07 | -51.37 | -222.21 | -303.66 | -268.02 | -288.80 | -311.20 | -335.34 | -361.35 |
| Free Cash Flow | 287.84 | 365.76 | 577.38 | 582.14 | 616.95 | 625.97 | 674.52 | 726.83 | 783.21 | 843.95 |
| WACC | ||||||||||
| PV LFCF | 589.59 | 598.40 | 607.34 | 616.41 | 625.62 | |||||
| SUM PV LFCF | 3,037.35 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.17 |
| Free cash flow (t + 1) | 860.83 |
| Terminal Value | 20,643.38 |
| Present Value of Terminal Value | 15,302.83 |
Intrinsic Value
| Enterprise Value | 18,340.18 |
|---|---|
| Net Debt | 3,792.96 |
| Equity Value | 14,547.21 |
| Shares Outstanding | 178.99 |
| Equity Value Per Share | 81.27 |