Discounted Cash Flow (DCF) Analysis Levered

Simpson Manufacturing Co., Inc. (SSD)

$105.01

-0.31 (-0.29%)
All numbers are in Millions, Currency in USD
Stock DCF: 258.75 | 105.01 | undervalue

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 1,078.811,136.541,267.951,573.222,116.092,515.482,990.253,554.644,225.545,023.07
Revenue (%)
Operating Cash Flow 160.08205.66207.57151.30399.82391.49465.38553.22657.63781.75
Operating Cash Flow (%)
Capital Expenditure -29.31-37.53-37.91-43.74361.5626.6531.6837.6644.7753.22
Capital Expenditure (%)
Free Cash Flow 130.77168.14169.66107.56761.38418.14497.06590.88702.40834.97

Weighted Average Cost Of Capital

Share price $ 105.01
Beta 1.209
Diluted Shares Outstanding 43.05
Cost of Debt
Tax Rate 25.46
After-tax Cost of Debt 0.94%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.271
Total Debt 601.42
Total Equity 4,520.37
Total Capital 5,121.79
Debt Weighting 11.74
Equity Weighting 88.26
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 1,078.811,136.541,267.951,573.222,116.092,515.482,990.253,554.644,225.545,023.07
Operating Cash Flow 160.08205.66207.57151.30399.82391.49465.38553.22657.63781.75
Capital Expenditure -29.31-37.53-37.91-43.74361.5626.6531.6837.6644.7753.22
Free Cash Flow 130.77168.14169.66107.56761.38418.14497.06590.88702.40834.97
WACC
PV LFCF 386.13423.87465.30510.78560.70
SUM PV LFCF 2,346.77

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.29
Free cash flow (t + 1) 851.67
Terminal Value 13,540.05
Present Value of Terminal Value 9,092.40

Intrinsic Value

Enterprise Value 11,439.17
Net Debt 300.68
Equity Value 11,138.49
Shares Outstanding 43.05
Equity Value Per Share 258.75