Discounted Cash Flow (DCF) Analysis Levered
Trinseo PLC (TSE)
$30.4
+0.60 (+2.01%)
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 | 4,448.10 | 4,622.80 | 3,775.80 | 3,035 | 4,827.50 | 5,129.78 | 5,450.99 | 5,792.31 | 6,155 | 6,540.41 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 391.30 | 366.50 | 322.50 | 255.40 | 452.70 | 441.77 | 469.43 | 498.82 | 530.06 | 563.25 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -147.40 | -121.40 | -110.10 | -82.30 | -117.70 | -143.69 | -152.69 | -162.25 | -172.41 | -183.21 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 243.90 | 245.10 | 212.40 | 173.10 | 335 | 298.07 | 316.74 | 336.57 | 357.65 | 380.04 |
Weighted Average Cost Of Capital
| Share price | $ 30.4 |
|---|---|
| Beta | 1.414 |
| Diluted Shares Outstanding | 38.60 |
| Cost of Debt | |
| Tax Rate | -25.53 |
| After-tax Cost of Debt | 3.34% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.206 |
| Total Debt | 2,374.80 |
| Total Equity | 1,173.44 |
| Total Capital | 3,548.24 |
| Debt Weighting | 66.93 |
| Equity Weighting | 33.07 |
| 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 | 4,448.10 | 4,622.80 | 3,775.80 | 3,035 | 4,827.50 | 5,129.78 | 5,450.99 | 5,792.31 | 6,155 | 6,540.41 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 391.30 | 366.50 | 322.50 | 255.40 | 452.70 | 441.77 | 469.43 | 498.82 | 530.06 | 563.25 |
| Capital Expenditure | -147.40 | -121.40 | -110.10 | -82.30 | -117.70 | -143.69 | -152.69 | -162.25 | -172.41 | -183.21 |
| Free Cash Flow | 243.90 | 245.10 | 212.40 | 173.10 | 335 | 298.07 | 316.74 | 336.57 | 357.65 | 380.04 |
| WACC | ||||||||||
| PV LFCF | 282.24 | 283.98 | 285.74 | 287.50 | 289.27 | |||||
| SUM PV LFCF | 1,428.73 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.61 |
| Free cash flow (t + 1) | 387.64 |
| Terminal Value | 10,738.03 |
| Present Value of Terminal Value | 8,173.34 |
Intrinsic Value
| Enterprise Value | 9,602.07 |
|---|---|
| Net Debt | 1,801.80 |
| Equity Value | 7,800.27 |
| Shares Outstanding | 38.60 |
| Equity Value Per Share | 202.08 |