Discounted Cash Flow (DCF) Analysis Levered

Schneider National, Inc. (SNDR)

$22.78

+0.11 (+0.49%)
All numbers are in Millions, Currency in USD
Stock DCF: 12.03 | 22.78 | 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 4,383.604,9774,7474,552.805,608.706,001.556,421.916,871.717,353.027,868.04
Revenue (%)
Operating Cash Flow 461.30566.50636.30618.20566.10707.96757.55810.61867.39928.14
Operating Cash Flow (%)
Capital Expenditure -532-512.50-465.70-419-540.60-613.19-656.13-702.09-751.27-803.89
Capital Expenditure (%)
Free Cash Flow -70.7054170.60199.2025.5094.78101.41108.52116.12124.25

Weighted Average Cost Of Capital

Share price $ 22.78
Beta 0.899
Diluted Shares Outstanding 177.90
Cost of Debt
Tax Rate 25.20
After-tax Cost of Debt 3.46%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.439
Total Debt 270.30
Total Equity 4,052.56
Total Capital 4,322.86
Debt Weighting 6.25
Equity Weighting 93.75
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 4,383.604,9774,7474,552.805,608.706,001.556,421.916,871.717,353.027,868.04
Operating Cash Flow 461.30566.50636.30618.20566.10707.96757.55810.61867.39928.14
Capital Expenditure -532-512.50-465.70-419-540.60-613.19-656.13-702.09-751.27-803.89
Free Cash Flow -70.7054170.60199.2025.5094.78101.41108.52116.12124.25
WACC
PV LFCF 88.4288.2788.1187.9687.81
SUM PV LFCF 440.57

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.19
Free cash flow (t + 1) 126.74
Terminal Value 2,441.95
Present Value of Terminal Value 1,725.70

Intrinsic Value

Enterprise Value 2,166.26
Net Debt 25.50
Equity Value 2,140.76
Shares Outstanding 177.90
Equity Value Per Share 12.03