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
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 | 1,078.81 | 1,136.54 | 1,267.95 | 1,573.22 | 2,116.09 | 2,515.48 | 2,990.25 | 3,554.64 | 4,225.54 | 5,023.07 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 160.08 | 205.66 | 207.57 | 151.30 | 399.82 | 391.49 | 465.38 | 553.22 | 657.63 | 781.75 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -29.31 | -37.53 | -37.91 | -43.74 | 361.56 | 26.65 | 31.68 | 37.66 | 44.77 | 53.22 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 130.77 | 168.14 | 169.66 | 107.56 | 761.38 | 418.14 | 497.06 | 590.88 | 702.40 | 834.97 |
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 | 1,078.81 | 1,136.54 | 1,267.95 | 1,573.22 | 2,116.09 | 2,515.48 | 2,990.25 | 3,554.64 | 4,225.54 | 5,023.07 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 160.08 | 205.66 | 207.57 | 151.30 | 399.82 | 391.49 | 465.38 | 553.22 | 657.63 | 781.75 |
Capital Expenditure | -29.31 | -37.53 | -37.91 | -43.74 | 361.56 | 26.65 | 31.68 | 37.66 | 44.77 | 53.22 |
Free Cash Flow | 130.77 | 168.14 | 169.66 | 107.56 | 761.38 | 418.14 | 497.06 | 590.88 | 702.40 | 834.97 |
WACC | ||||||||||
PV LFCF | 386.13 | 423.87 | 465.30 | 510.78 | 560.70 | |||||
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 |