Discounted Cash Flow (DCF) Analysis Levered
Teekay Tankers Ltd. (TNK)
$51.8944
-0.05 (-0.09%)
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 | 755.76 | 920.97 | 886.43 | 542.37 | 1,063.11 | 1,263.26 | 1,501.10 | 1,783.71 | 2,119.53 | 2,518.57 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -7.26 | 117.66 | 347.94 | -109.44 | 193.27 | 123.97 | 147.31 | 175.04 | 208 | 247.16 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -5.83 | -11.63 | -16.02 | -21.45 | -15.43 | -23.36 | -27.76 | -32.99 | -39.20 | -46.58 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -13.09 | 106.03 | 331.92 | -130.89 | 177.83 | 100.61 | 119.55 | 142.06 | 168.80 | 200.58 |
Weighted Average Cost Of Capital
Share price | $ 51.8,944 |
---|---|
Beta | -0.064 |
Diluted Shares Outstanding | 34.29 |
Cost of Debt | |
Tax Rate | 0.23 |
After-tax Cost of Debt | 6.19% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 4.070 |
Total Debt | 576.20 |
Total Equity | 1,779.31 |
Total Capital | 2,355.51 |
Debt Weighting | 24.46 |
Equity Weighting | 75.54 |
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 | 755.76 | 920.97 | 886.43 | 542.37 | 1,063.11 | 1,263.26 | 1,501.10 | 1,783.71 | 2,119.53 | 2,518.57 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -7.26 | 117.66 | 347.94 | -109.44 | 193.27 | 123.97 | 147.31 | 175.04 | 208 | 247.16 |
Capital Expenditure | -5.83 | -11.63 | -16.02 | -21.45 | -15.43 | -23.36 | -27.76 | -32.99 | -39.20 | -46.58 |
Free Cash Flow | -13.09 | 106.03 | 331.92 | -130.89 | 177.83 | 100.61 | 119.55 | 142.06 | 168.80 | 200.58 |
WACC | ||||||||||
PV LFCF | 96.19 | 109.29 | 124.16 | 141.06 | 160.26 | |||||
SUM PV LFCF | 630.97 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.59 |
Free cash flow (t + 1) | 204.59 |
Terminal Value | 7,899.31 |
Present Value of Terminal Value | 6,311.58 |
Intrinsic Value
Enterprise Value | 6,942.55 |
---|---|
Net Debt | 395.69 |
Equity Value | 6,546.86 |
Shares Outstanding | 34.29 |
Equity Value Per Share | 190.94 |