Discounted Cash Flow (DCF) Analysis Levered

Sealed Air Corporation (SEE)

$61.16

+0.21 (+0.34%)
All numbers are in Millions, Currency in USD
Stock DCF: 45.50 | 61.16 | overvalue

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 4,461.604,732.704,791.104,903.205,533.805,845.236,174.186,521.656,888.677,276.35
Revenue (%)
Operating Cash Flow 424.40428511.10737709.70667.28704.84744.50786.40830.66
Operating Cash Flow (%)
Capital Expenditure -183.80-168.60-189.70-181.10-213.10-224.29-236.91-250.25-264.33-279.21
Capital Expenditure (%)
Free Cash Flow 240.60259.40321.40555.90496.60442.99467.92494.26522.07551.45

Weighted Average Cost Of Capital

Share price $ 61.16
Beta 1.191
Diluted Shares Outstanding 156
Cost of Debt
Tax Rate 29.24
After-tax Cost of Debt 3.15%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.349
Total Debt 3,773.80
Total Equity 9,540.96
Total Capital 13,314.76
Debt Weighting 28.34
Equity Weighting 71.66
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 4,461.604,732.704,791.104,903.205,533.805,845.236,174.186,521.656,888.677,276.35
Operating Cash Flow 424.40428511.10737709.70667.28704.84744.50786.40830.66
Capital Expenditure -183.80-168.60-189.70-181.10-213.10-224.29-236.91-250.25-264.33-279.21
Free Cash Flow 240.60259.40321.40555.90496.60442.99467.92494.26522.07551.45
WACC
PV LFCF 414.51409.70404.93400.23395.57
SUM PV LFCF 2,024.94

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.87
Free cash flow (t + 1) 562.48
Terminal Value 11,549.91
Present Value of Terminal Value 8,285.13

Intrinsic Value

Enterprise Value 10,310.08
Net Debt 3,212.80
Equity Value 7,097.28
Shares Outstanding 156
Equity Value Per Share 45.50