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
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 | 1,136.54 | 1,267.95 | 1,573.22 | 2,116.09 | 2,610.86 | 3,221.33 | 3,974.53 | 4,903.84 | 6,050.44 | 7,465.14 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 205.66 | 207.57 | 151.30 | 399.82 | 411.06 | 507.18 | 625.76 | 772.08 | 952.60 | 1,175.34 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -37.53 | -37.91 | -43.74 | 361.56 | 369.09 | 142.71 | 176.08 | 217.25 | 268.05 | 330.72 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 168.14 | 169.66 | 107.56 | 761.38 | 780.15 | 649.89 | 801.84 | 989.33 | 1,220.65 | 1,506.06 |
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 | 1,136.54 | 1,267.95 | 1,573.22 | 2,116.09 | 2,610.86 | 3,221.33 | 3,974.53 | 4,903.84 | 6,050.44 | 7,465.14 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 205.66 | 207.57 | 151.30 | 399.82 | 411.06 | 507.18 | 625.76 | 772.08 | 952.60 | 1,175.34 |
| Capital Expenditure | -37.53 | -37.91 | -43.74 | 361.56 | 369.09 | 142.71 | 176.08 | 217.25 | 268.05 | 330.72 |
| Free Cash Flow | 168.14 | 169.66 | 107.56 | 761.38 | 780.15 | 649.89 | 801.84 | 989.33 | 1,220.65 | 1,506.06 |
| WACC | ||||||||||
| PV LFCF | 513.61 | 393.53 | 446.60 | 506.83 | 575.18 | 652.75 | ||||
| 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 |