Discounted Cash Flow (DCF) Analysis Levered

Superior Industries International, ... (SUP)

$3.09

+0.07 (+2.32%)
All numbers are in Millions, Currency in USD
Stock DCF: 39.39 | 3.09 | undervalue

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 732.681,108.051,501.831,372.491,100.761,261.361,445.401,656.281,897.942,174.85
Revenue (%)
Operating Cash Flow 78.4963.71156.12162.84150.12132.09151.36173.45198.75227.75
Operating Cash Flow (%)
Capital Expenditure -39.57-70.94-77.70-64.29-45.04-64.97-74.45-85.31-97.75-112.02
Capital Expenditure (%)
Free Cash Flow 38.92-7.2378.4298.55105.0867.1276.9288.14101115.73

Weighted Average Cost Of Capital

Share price $ 3.09
Beta 3.857
Diluted Shares Outstanding 25.50
Cost of Debt
Tax Rate -6.51
After-tax Cost of Debt 7.16%
Risk-Free Rate
Market Risk Premium
Cost of Equity 21.854
Total Debt 634.47
Total Equity 78.79
Total Capital 713.26
Debt Weighting 88.95
Equity Weighting 11.05
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 732.681,108.051,501.831,372.491,100.761,261.361,445.401,656.281,897.942,174.85
Operating Cash Flow 78.4963.71156.12162.84150.12132.09151.36173.45198.75227.75
Capital Expenditure -39.57-70.94-77.70-64.29-45.04-64.97-74.45-85.31-97.75-112.02
Free Cash Flow 38.92-7.2378.4298.55105.0867.1276.9288.14101115.73
WACC
PV LFCF 61.716568.4772.1375.98
SUM PV LFCF 343.29

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.78
Free cash flow (t + 1) 118.05
Terminal Value 1,741.14
Present Value of Terminal Value 1,143.11

Intrinsic Value

Enterprise Value 1,486.41
Net Debt 482.05
Equity Value 1,004.36
Shares Outstanding 25.50
Equity Value Per Share 39.39