Discounted Cash Flow (DCF) Analysis Levered
Star Group, L.P. (SGU)
$12.33
-0.18 (-1.44%)
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 | 1,677.84 | 1,753.87 | 1,467.46 | 1,497.09 | 2,006.56 | 2,128.21 | 2,257.24 | 2,394.09 | 2,539.24 | 2,693.19 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 57.46 | 97.38 | 175.67 | 68.88 | 33.91 | 115.94 | 122.97 | 130.42 | 138.33 | 146.72 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -13.59 | -11.30 | -14.13 | -15.08 | -18.70 | -18.54 | -19.67 | -20.86 | -22.12 | -23.47 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 43.87 | 86.08 | 161.54 | 53.79 | 15.21 | 97.40 | 103.30 | 109.56 | 116.21 | 123.25 |
Weighted Average Cost Of Capital
Share price | $ 12.33 |
---|---|
Beta | 0.457 |
Diluted Shares Outstanding | 37.38 |
Cost of Debt | |
Tax Rate | 28.02 |
After-tax Cost of Debt | 2.66% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 5.659 |
Total Debt | 282.96 |
Total Equity | 460.94 |
Total Capital | 743.90 |
Debt Weighting | 38.04 |
Equity Weighting | 61.96 |
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 | 1,677.84 | 1,753.87 | 1,467.46 | 1,497.09 | 2,006.56 | 2,128.21 | 2,257.24 | 2,394.09 | 2,539.24 | 2,693.19 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 57.46 | 97.38 | 175.67 | 68.88 | 33.91 | 115.94 | 122.97 | 130.42 | 138.33 | 146.72 |
Capital Expenditure | -13.59 | -11.30 | -14.13 | -15.08 | -18.70 | -18.54 | -19.67 | -20.86 | -22.12 | -23.47 |
Free Cash Flow | 43.87 | 86.08 | 161.54 | 53.79 | 15.21 | 97.40 | 103.30 | 109.56 | 116.21 | 123.25 |
WACC | ||||||||||
PV LFCF | 93.18 | 94.56 | 95.95 | 97.37 | 98.81 | |||||
SUM PV LFCF | 479.88 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.52 |
Free cash flow (t + 1) | 125.72 |
Terminal Value | 4,988.75 |
Present Value of Terminal Value | 3,999.40 |
Intrinsic Value
Enterprise Value | 4,479.27 |
---|---|
Net Debt | 268.34 |
Equity Value | 4,210.94 |
Shares Outstanding | 37.38 |
Equity Value Per Share | 112.64 |