Discounted Cash Flow (DCF) Analysis Levered
Skyworks Solutions, Inc. (SWKS)
$114.94
-1.42 (-1.22%)
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 | 3,868 | 3,376.80 | 3,355.70 | 5,109.10 | 5,485.50 | 6,120.37 | 6,828.73 | 7,619.06 | 8,500.87 | 9,484.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,260.60 | 1,367.40 | 1,204.50 | 1,772 | 1,424.60 | 2,076.42 | 2,316.74 | 2,584.87 | 2,884.04 | 3,217.83 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -430.90 | -423.40 | -398.50 | -652.10 | -509.70 | -705.18 | -786.80 | -877.86 | -979.46 | -1,092.82 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 829.70 | 944 | 806 | 1,119.90 | 914.90 | 1,371.24 | 1,529.95 | 1,707.02 | 1,904.58 | 2,125.01 |
Weighted Average Cost Of Capital
| Share price | $ 114.94 |
|---|---|
| Beta | 1.290 |
| Diluted Shares Outstanding | 163.30 |
| Cost of Debt | |
| Tax Rate | 13.64 |
| After-tax Cost of Debt | 1.71% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.467 |
| Total Debt | 2,414.50 |
| Total Equity | 18,769.70 |
| Total Capital | 21,184.20 |
| Debt Weighting | 11.40 |
| Equity Weighting | 88.60 |
| 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 | 3,868 | 3,376.80 | 3,355.70 | 5,109.10 | 5,485.50 | 6,120.37 | 6,828.73 | 7,619.06 | 8,500.87 | 9,484.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,260.60 | 1,367.40 | 1,204.50 | 1,772 | 1,424.60 | 2,076.42 | 2,316.74 | 2,584.87 | 2,884.04 | 3,217.83 |
| Capital Expenditure | -430.90 | -423.40 | -398.50 | -652.10 | -509.70 | -705.18 | -786.80 | -877.86 | -979.46 | -1,092.82 |
| Free Cash Flow | 829.70 | 944 | 806 | 1,119.90 | 914.90 | 1,371.24 | 1,529.95 | 1,707.02 | 1,904.58 | 2,125.01 |
| WACC | ||||||||||
| PV LFCF | 1,071.19 | 1,100.72 | 1,131.07 | 1,162.25 | 1,194.30 | |||||
| SUM PV LFCF | 6,672.37 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.58 |
| Free cash flow (t + 1) | 2,167.51 |
| Terminal Value | 32,940.94 |
| Present Value of Terminal Value | 21,826.64 |
Intrinsic Value
| Enterprise Value | 28,499 |
|---|---|
| Net Debt | 1,848.50 |
| Equity Value | 26,650.50 |
| Shares Outstanding | 163.30 |
| Equity Value Per Share | 163.20 |