Discounted Cash Flow (DCF) Analysis Levered

Tecnoglass Inc. (TGLS)

$44.8

-1.96 (-4.19%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.03 | 44.8 | overvalue

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 430.91374.92496.78716.57833.27999.991,200.091,440.211,728.392,074.22
Revenue (%)
Operating Cash Flow 26.7471.43117.25141.92138.83170.65204.80245.78294.95353.97
Operating Cash Flow (%)
Capital Expenditure -24.95-18.32-51.51-71.33-64.58-77.50-93.01-111.62-133.95-160.76
Capital Expenditure (%)
Free Cash Flow 1.7953.1165.7470.5974.2593.15111.79134.16161193.22

Weighted Average Cost Of Capital

Share price $ 44.8
Beta 1.812
Diluted Shares Outstanding 47,508.98
Cost of Debt
Tax Rate 29.80
After-tax Cost of Debt 2.92%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.712
Total Debt 170.01
Total Equity 2,128,402.30
Total Capital 2,128,572.31
Debt Weighting 0.01
Equity Weighting 99.99
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 430.91374.92496.78716.57833.27999.991,200.091,440.211,728.392,074.22
Operating Cash Flow 26.7471.43117.25141.92138.83170.65204.80245.78294.95353.97
Capital Expenditure -24.95-18.32-51.51-71.33-64.58-77.50-93.01-111.62-133.95-160.76
Free Cash Flow 1.7953.1165.7470.5974.2593.15111.79134.16161193.22
WACC
PV LFCF 82.658893.7099.77106.23
SUM PV LFCF 470.33

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 12.71
Free cash flow (t + 1) 197.08
Terminal Value 1,840.15
Present Value of Terminal Value 1,011.68

Intrinsic Value

Enterprise Value 1,482.01
Net Debt 40.50
Equity Value 1,441.51
Shares Outstanding 47,508.98
Equity Value Per Share 0.03