Discounted Cash Flow (DCF) Analysis Levered

Sealed Air Corporation (SEE)

$42.8

+0.11 (+0.26%)

All numbers are in Millions, Currency in USD

Stock DCF: 37.92 | 42.8 | overvalue

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	4,732.70	4,791.10	4,903.20	5,533.80	5,641.90	5,901.26	6,172.54	6,456.30	6,753.10	7,063.54
Revenue (%)
Operating Cash Flow	428	511.10	737	709.70	305.80	625.38	654.13	684.20	715.65	748.55
Operating Cash Flow (%)
Capital Expenditure	-168.60	-189.70	-181.10	-213.10	-237.30	-227.46	-237.92	-248.86	-260.30	-272.26
Capital Expenditure (%)
Free Cash Flow	259.40	321.40	555.90	496.60	68.50	397.92	416.21	435.35	455.36	476.29

Weighted Average Cost Of Capital

Share price	$ 42.8
Beta	1.247
Diluted Shares Outstanding	147.40
Cost of Debt
Tax Rate	32.59
After-tax Cost of Debt	2.92%
Risk-Free Rate
Market Risk Premium
Cost of Equity	9.266
Total Debt	3,752.10
Total Equity	6,308.72
Total Capital	10,060.82
Debt Weighting	37.29
Equity Weighting	62.71
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	4,732.70	4,791.10	4,903.20	5,533.80	5,641.90	5,901.26	6,172.54	6,456.30	6,753.10	7,063.54
Operating Cash Flow	428	511.10	737	709.70	305.80	625.38	654.13	684.20	715.65	748.55
Capital Expenditure	-168.60	-189.70	-181.10	-213.10	-237.30	-227.46	-237.92	-248.86	-260.30	-272.26
Free Cash Flow	259.40	321.40	555.90	496.60	68.50	397.92	416.21	435.35	455.36	476.29
WACC
PV LFCF						372.24	364.22	356.37	348.69	341.18
SUM PV LFCF										1,782.70

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	6.90
Free cash flow (t + 1)	485.82
Terminal Value	9,914.66
Present Value of Terminal Value	7,102.14

Intrinsic Value

Enterprise Value	8,884.84
Net Debt	3,296
Equity Value	5,588.84
Shares Outstanding	147.40
Equity Value Per Share	37.92