Discounted Cash Flow (DCF) Analysis Levered
Synchrony Financial (SYF)
$28.04
+0.03 (+0.11%)
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 | 16,383 | 17,170 | 14,807 | 14,720 | 17,146 | 17,443.26 | 17,745.67 | 18,053.33 | 18,366.32 | 18,684.74 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 9,342 | 8,990 | 7,487 | 7,099 | 6,694 | 8,624.41 | 8,773.93 | 8,926.05 | 9,080.80 | 9,238.23 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 8,624.41 | 8,773.93 | 8,926.05 | 9,080.80 | 9,238.23 |
Weighted Average Cost Of Capital
Share price | $ 28.04 |
---|---|
Beta | 1.619 |
Diluted Shares Outstanding | 569.30 |
Cost of Debt | |
Tax Rate | 24.94 |
After-tax Cost of Debt | 15.61% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.024 |
Total Debt | 7,315 |
Total Equity | 15,963.17 |
Total Capital | 23,278.17 |
Debt Weighting | 31.42 |
Equity Weighting | 68.58 |
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 | 16,383 | 17,170 | 14,807 | 14,720 | 17,146 | 17,443.26 | 17,745.67 | 18,053.33 | 18,366.32 | 18,684.74 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 9,342 | 8,990 | 7,487 | 7,099 | 6,694 | 8,624.41 | 8,773.93 | 8,926.05 | 9,080.80 | 9,238.23 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 8,624.41 | 8,773.93 | 8,926.05 | 9,080.80 | 9,238.23 |
WACC | ||||||||||
PV LFCF | 7,668.87 | 6,937.42 | 6,275.74 | 5,677.17 | 5,135.69 | |||||
SUM PV LFCF | 31,694.89 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 12.46 |
Free cash flow (t + 1) | 9,423 |
Terminal Value | 90,086.01 |
Present Value of Terminal Value | 50,080.30 |
Intrinsic Value
Enterprise Value | 81,775.19 |
---|---|
Net Debt | -2,900 |
Equity Value | 84,675.19 |
Shares Outstanding | 569.30 |
Equity Value Per Share | 148.74 |