Discounted Cash Flow (DCF) Analysis Levered
TotalEnergies SE (TTE)
$58.15
+0.29 (+0.50%)
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 | 184,106 | 176,249 | 119,704 | 184,634 | 263,310 | 303,138.20 | 348,990.81 | 401,779.08 | 462,552.08 | 532,517.59 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 24,703 | 24,685 | 14,803 | 30,410 | 47,367 | 45,015.65 | 51,824.71 | 59,663.70 | 68,688.42 | 79,078.21 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -17,080 | -11,810 | -10,764 | -12,343 | -15,690 | -22,804.52 | -26,253.93 | -30,225.09 | -34,796.93 | -40,060.30 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 7,623 | 12,875 | 4,039 | 18,067 | 31,677 | 22,211.13 | 25,570.78 | 29,438.61 | 33,891.49 | 39,017.91 |
Weighted Average Cost Of Capital
| Share price | $ 58.15 |
|---|---|
| Beta | 0.942 |
| Diluted Shares Outstanding | 2,594.94 |
| Cost of Debt | |
| Tax Rate | 52.58 |
| After-tax Cost of Debt | 1.86% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.012 |
| Total Debt | 60,766 |
| Total Equity | 150,895.94 |
| Total Capital | 211,661.94 |
| Debt Weighting | 28.71 |
| Equity Weighting | 71.29 |
| 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 | 184,106 | 176,249 | 119,704 | 184,634 | 263,310 | 303,138.20 | 348,990.81 | 401,779.08 | 462,552.08 | 532,517.59 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 24,703 | 24,685 | 14,803 | 30,410 | 47,367 | 45,015.65 | 51,824.71 | 59,663.70 | 68,688.42 | 79,078.21 |
| Capital Expenditure | -17,080 | -11,810 | -10,764 | -12,343 | -15,690 | -22,804.52 | -26,253.93 | -30,225.09 | -34,796.93 | -40,060.30 |
| Free Cash Flow | 7,623 | 12,875 | 4,039 | 18,067 | 31,677 | 22,211.13 | 25,570.78 | 29,438.61 | 33,891.49 | 39,017.91 |
| WACC | ||||||||||
| PV LFCF | 20,904.60 | 22,650.94 | 24,543.16 | 26,593.46 | 28,815.05 | |||||
| SUM PV LFCF | 123,507.21 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.25 |
| Free cash flow (t + 1) | 39,798.27 |
| Terminal Value | 936,429.84 |
| Present Value of Terminal Value | 691,561.09 |
Intrinsic Value
| Enterprise Value | 815,068.30 |
|---|---|
| Net Debt | 27,740 |
| Equity Value | 787,328.30 |
| Shares Outstanding | 2,594.94 |
| Equity Value Per Share | 303.41 |