Discounted Cash Flow (DCF) Analysis Levered
U.S. Silica Holdings, Inc. (SLCA)
$10.88
+0.06 (+0.55%)
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 | 1,240.85 | 1,577.30 | 1,474.48 | 845.88 | 1,103.88 | 1,127.24 | 1,151.09 | 1,175.44 | 1,200.32 | 1,225.71 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 238.16 | 310.71 | 144.05 | -10.53 | 169.35 | 141.48 | 144.48 | 147.53 | 150.66 | 153.84 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -388.21 | -349.86 | -122.29 | -34.92 | -30.52 | -154.78 | -158.05 | -161.40 | -164.81 | -168.30 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -150.05 | -39.16 | 21.76 | -45.45 | 138.83 | -13.29 | -13.57 | -13.86 | -14.15 | -14.45 |
Weighted Average Cost Of Capital
Share price | $ 10.88 |
---|---|
Beta | 2.746 |
Diluted Shares Outstanding | 73.63 |
Cost of Debt | |
Tax Rate | 8.94 |
After-tax Cost of Debt | 4.98% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 16.088 |
Total Debt | 1,301.02 |
Total Equity | 801.14 |
Total Capital | 2,102.16 |
Debt Weighting | 61.89 |
Equity Weighting | 38.11 |
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 | 1,240.85 | 1,577.30 | 1,474.48 | 845.88 | 1,103.88 | 1,127.24 | 1,151.09 | 1,175.44 | 1,200.32 | 1,225.71 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 238.16 | 310.71 | 144.05 | -10.53 | 169.35 | 141.48 | 144.48 | 147.53 | 150.66 | 153.84 |
Capital Expenditure | -388.21 | -349.86 | -122.29 | -34.92 | -30.52 | -154.78 | -158.05 | -161.40 | -164.81 | -168.30 |
Free Cash Flow | -150.05 | -39.16 | 21.76 | -45.45 | 138.83 | -13.29 | -13.57 | -13.86 | -14.15 | -14.45 |
WACC | ||||||||||
PV LFCF | -12.17 | -11.38 | -10.64 | -9.95 | -9.30 | |||||
SUM PV LFCF | -53.45 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.21 |
Free cash flow (t + 1) | -14.74 |
Terminal Value | -204.48 |
Present Value of Terminal Value | -131.63 |
Intrinsic Value
Enterprise Value | -185.07 |
---|---|
Net Debt | 1,061.59 |
Equity Value | -1,246.67 |
Shares Outstanding | 73.63 |
Equity Value Per Share | -16.93 |