Discounted Cash Flow (DCF) Analysis Levered
SEI Investments Company (SEIC)
$58.45
+1.11 (+1.94%)
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 | 1,526.55 | 1,624.17 | 1,649.89 | 1,684.06 | 1,918.31 | 2,033.21 | 2,155 | 2,284.08 | 2,420.89 | 2,565.89 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 459.90 | 588.40 | 545.12 | 488.68 | 633.10 | 656.38 | 695.70 | 737.37 | 781.54 | 828.35 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -86.57 | -73.32 | -77.17 | -78.57 | -52.54 | -90.54 | -95.97 | -101.72 | -107.81 | -114.27 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 373.33 | 515.08 | 467.95 | 410.12 | 580.56 | 565.84 | 599.73 | 635.66 | 673.73 | 714.08 |
Weighted Average Cost Of Capital
Share price | $ 58.45 |
---|---|
Beta | 1.039 |
Diluted Shares Outstanding | 142.43 |
Cost of Debt | |
Tax Rate | 21.20 |
After-tax Cost of Debt | 0.56% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.648 |
Total Debt | 78.97 |
Total Equity | 8,324.80 |
Total Capital | 8,403.77 |
Debt Weighting | 0.94 |
Equity Weighting | 99.06 |
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 | 1,526.55 | 1,624.17 | 1,649.89 | 1,684.06 | 1,918.31 | 2,033.21 | 2,155 | 2,284.08 | 2,420.89 | 2,565.89 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 459.90 | 588.40 | 545.12 | 488.68 | 633.10 | 656.38 | 695.70 | 737.37 | 781.54 | 828.35 |
Capital Expenditure | -86.57 | -73.32 | -77.17 | -78.57 | -52.54 | -90.54 | -95.97 | -101.72 | -107.81 | -114.27 |
Free Cash Flow | 373.33 | 515.08 | 467.95 | 410.12 | 580.56 | 565.84 | 599.73 | 635.66 | 673.73 | 714.08 |
WACC | ||||||||||
PV LFCF | 525.97 | 518.20 | 510.54 | 502.99 | 495.56 | |||||
SUM PV LFCF | 2,553.25 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.58 |
Free cash flow (t + 1) | 728.37 |
Terminal Value | 13,053.16 |
Present Value of Terminal Value | 9,058.53 |
Intrinsic Value
Enterprise Value | 11,611.79 |
---|---|
Net Debt | -752.44 |
Equity Value | 12,364.23 |
Shares Outstanding | 142.43 |
Equity Value Per Share | 86.81 |