Discounted Cash Flow (DCF) Analysis Levered

Simpson Manufacturing Co., Inc. (SSD)

$132.24

+3.01 (+2.33%)
All numbers are in Millions, Currency in USD
Stock DCF: 433.48 | 132.24 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 1,136.541,267.951,573.222,116.092,610.863,221.333,974.534,903.846,050.447,465.14
Revenue (%)
Operating Cash Flow 205.66207.57151.30399.82411.06507.18625.76772.08952.601,175.34
Operating Cash Flow (%)
Capital Expenditure -37.53-37.91-43.74361.56369.09142.71176.08217.25268.05330.72
Capital Expenditure (%)
Free Cash Flow 168.14169.66107.56761.38780.15649.89801.84989.331,220.651,506.06

Weighted Average Cost Of Capital

Share price $ 132.24
Beta 1.220
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 9.544
Total Debt 601.42
Total Equity 5,692.54
Total Capital 6,293.96
Debt Weighting 9.56
Equity Weighting 90.44
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 1,136.541,267.951,573.222,116.092,610.863,221.333,974.534,903.846,050.447,465.14
Operating Cash Flow 205.66207.57151.30399.82411.06507.18625.76772.08952.601,175.34
Capital Expenditure -37.53-37.91-43.74361.56369.09142.71176.08217.25268.05330.72
Free Cash Flow 168.14169.66107.56761.38780.15649.89801.84989.331,220.651,506.06
WACC
PV LFCF 513.61393.53446.60506.83575.18652.75
SUM PV LFCF 3,911.19

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.72
Free cash flow (t + 1) 1,536.18
Terminal Value 22,859.82
Present Value of Terminal Value 15,049.62

Intrinsic Value

Enterprise Value 18,960.81
Net Debt 300.68
Equity Value 18,660.13
Shares Outstanding 43.05
Equity Value Per Share 433.48