Discounted Cash Flow (DCF) Analysis Levered
Triumph Group, Inc. (TGI)
$7.53
+0.01 (+0.13%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 3,364.93 | 2,900.12 | 1,869.72 | 1,459.94 | 1,379.13 | 1,114.35 | 900.41 | 727.54 | 587.86 | 475 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -174.42 | 96.67 | -173.12 | -137.02 | -52.25 | -54.12 | -43.73 | -35.33 | -28.55 | -23.07 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -47.10 | -39.83 | -25.18 | -19.66 | -20.68 | -15.52 | -12.54 | -10.14 | -8.19 | -6.62 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -221.52 | 56.83 | -198.30 | -156.68 | -72.93 | -69.64 | -56.27 | -45.47 | -36.74 | -29.69 |
Weighted Average Cost Of Capital
| Share price | $ 7.53 |
|---|---|
| Beta | 2.633 |
| Diluted Shares Outstanding | 71.72 |
| Cost of Debt | |
| Tax Rate | 6.36 |
| After-tax Cost of Debt | 7.62% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 16.972 |
| Total Debt | 1,691.78 |
| Total Equity | 540.06 |
| Total Capital | 2,231.84 |
| Debt Weighting | 75.80 |
| Equity Weighting | 24.20 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 3,364.93 | 2,900.12 | 1,869.72 | 1,459.94 | 1,379.13 | 1,114.35 | 900.41 | 727.54 | 587.86 | 475 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -174.42 | 96.67 | -173.12 | -137.02 | -52.25 | -54.12 | -43.73 | -35.33 | -28.55 | -23.07 |
| Capital Expenditure | -47.10 | -39.83 | -25.18 | -19.66 | -20.68 | -15.52 | -12.54 | -10.14 | -8.19 | -6.62 |
| Free Cash Flow | -221.52 | 56.83 | -198.30 | -156.68 | -72.93 | -69.64 | -56.27 | -45.47 | -36.74 | -29.69 |
| WACC | ||||||||||
| PV LFCF | -63.38 | -46.61 | -34.27 | -25.20 | -18.53 | |||||
| SUM PV LFCF | -188 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.88 |
| Free cash flow (t + 1) | -30.28 |
| Terminal Value | -384.27 |
| Present Value of Terminal Value | -239.91 |
Intrinsic Value
| Enterprise Value | -427.91 |
|---|---|
| Net Debt | 1,464.38 |
| Equity Value | -1,892.29 |
| Shares Outstanding | 71.72 |
| Equity Value Per Share | -26.38 |