Discounted Cash Flow (DCF) Analysis Levered

Stryker Corporation (SYK)

$234.1

+0.83 (+0.36%)
All numbers are in Millions, Currency in USD

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 12,44413,60114,88414,35117,10818,577.6220,173.4821,906.4323,788.2525,831.71
Revenue (%)
Operating Cash Flow 1,5592,6102,1913,2773,2633,282.523,564.493,870.694,203.194,564.26
Operating Cash Flow (%)
Capital Expenditure -598-572-649-487-525-736.93-800.23-868.97-943.62-1,024.68
Capital Expenditure (%)
Free Cash Flow 9612,0381,5422,7902,7382,545.592,764.263,001.723,259.573,539.58

Weighted Average Cost Of Capital

Share price $ 234.1
Beta 0.987
Diluted Shares Outstanding 380.30
Cost of Debt
Tax Rate 12.58
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.535
Total Debt 12,479
Total Equity 89,028.23
Total Capital 101,507.23
Debt Weighting 12.29
Equity Weighting 87.71
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 12,44413,60114,88414,35117,10818,577.6220,173.4821,906.4323,788.2525,831.71
Operating Cash Flow 1,5592,6102,1913,2773,2633,282.523,564.493,870.694,203.194,564.26
Capital Expenditure -598-572-649-487-525-736.93-800.23-868.97-943.62-1,024.68
Free Cash Flow 9612,0381,5422,7902,7382,545.592,764.263,001.723,259.573,539.58
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 3,610.37
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 9,535
Equity Value -
Shares Outstanding 380.30
Equity Value Per Share -