Discounted Cash Flow (DCF) Analysis Levered
Sysco Corporation (SYY)
$76.8
+0.08 (+0.10%)
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 | 58,727.32 | 60,113.92 | 52,893.31 | 51,297.84 | 68,636.15 | 72,262.27 | 76,079.96 | 80,099.35 | 84,331.08 | 88,786.38 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 2,158.63 | 2,411.21 | 1,618.68 | 1,903.84 | 1,791.29 | 2,466.77 | 2,597.10 | 2,734.30 | 2,878.76 | 3,030.85 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -687.82 | -692.39 | -720.42 | -470.68 | -632.80 | -798.43 | -840.61 | -885.02 | -931.78 | -981.01 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1,470.82 | 1,718.82 | 898.26 | 1,433.17 | 1,158.48 | 1,668.34 | 1,756.48 | 1,849.28 | 1,946.98 | 2,049.84 |
Weighted Average Cost Of Capital
| Share price | $ 76.8 |
|---|---|
| Beta | 1.107 |
| Diluted Shares Outstanding | 513.56 |
| Cost of Debt | |
| Tax Rate | 22.21 |
| After-tax Cost of Debt | 4.26% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.845 |
| Total Debt | 11,389.65 |
| Total Equity | 39,441.03 |
| Total Capital | 50,830.68 |
| Debt Weighting | 22.41 |
| Equity Weighting | 77.59 |
| 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 | 58,727.32 | 60,113.92 | 52,893.31 | 51,297.84 | 68,636.15 | 72,262.27 | 76,079.96 | 80,099.35 | 84,331.08 | 88,786.38 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2,158.63 | 2,411.21 | 1,618.68 | 1,903.84 | 1,791.29 | 2,466.77 | 2,597.10 | 2,734.30 | 2,878.76 | 3,030.85 |
| Capital Expenditure | -687.82 | -692.39 | -720.42 | -470.68 | -632.80 | -798.43 | -840.61 | -885.02 | -931.78 | -981.01 |
| Free Cash Flow | 1,470.82 | 1,718.82 | 898.26 | 1,433.17 | 1,158.48 | 1,668.34 | 1,756.48 | 1,849.28 | 1,946.98 | 2,049.84 |
| WACC | ||||||||||
| PV LFCF | 1,061.91 | 1,036.93 | 1,012.53 | 988.71 | 965.44 | |||||
| SUM PV LFCF | 7,381.10 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.82 |
| Free cash flow (t + 1) | 2,090.84 |
| Terminal Value | 35,925.05 |
| Present Value of Terminal Value | 24,654.76 |
Intrinsic Value
| Enterprise Value | 32,035.86 |
|---|---|
| Net Debt | 10,522.56 |
| Equity Value | 21,513.30 |
| Shares Outstanding | 513.56 |
| Equity Value Per Share | 41.89 |