Discounted Cash Flow (DCF) Analysis Levered
Sealed Air Corporation (SEE)
$32.53
+1.12 (+3.57%)
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 | 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 | 613.30 | 689.71 | 721.42 | 754.58 | 789.27 | 825.55 |
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 | 376 | 462.25 | 483.50 | 505.72 | 528.97 | 553.29 |
Weighted Average Cost Of Capital
Share price | $ 32.53 |
---|---|
Beta | 1.301 |
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 | 10.684 |
Total Debt | 3,752.10 |
Total Equity | 4,794.92 |
Total Capital | 8,547.02 |
Debt Weighting | 43.90 |
Equity Weighting | 56.10 |
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 | 613.30 | 689.71 | 721.42 | 754.58 | 789.27 | 825.55 |
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 | 376 | 462.25 | 483.50 | 505.72 | 528.97 | 553.29 |
WACC | ||||||||||
PV LFCF | 430.92 | 420.18 | 409.71 | 399.50 | 389.55 | |||||
SUM PV LFCF | 2,049.86 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.27 |
Free cash flow (t + 1) | 564.35 |
Terminal Value | 10,708.82 |
Present Value of Terminal Value | 7,539.63 |
Intrinsic Value
Enterprise Value | 9,589.50 |
---|---|
Net Debt | 3,296 |
Equity Value | 6,293.50 |
Shares Outstanding | 147.40 |
Equity Value Per Share | 42.70 |