Discounted Cash Flow (DCF) Analysis Levered
WEC Energy Group, Inc. (WEC)
$90.37
+0.89 (+0.99%)
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 | 7,679.50 | 7,523.10 | 7,241.70 | 8,316 | 9,597.40 | 10,184.44 | 10,807.39 | 11,468.44 | 12,169.93 | 12,914.33 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 2,445.50 | 2,345.50 | 2,196 | 2,032.70 | 2,060.70 | 2,836.59 | 3,010.09 | 3,194.21 | 3,389.59 | 3,596.92 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2,115.70 | -2,260.80 | -2,238.80 | -2,252.80 | -2,314.90 | -2,846.08 | -3,020.16 | -3,204.90 | -3,400.93 | -3,608.96 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 329.80 | 84.70 | -42.80 | -220.10 | -254.20 | -9.49 | -10.07 | -10.69 | -11.34 | -12.03 |
Weighted Average Cost Of Capital
| Share price | $ 90.37 |
|---|---|
| Beta | 0.401 |
| Diluted Shares Outstanding | 316.10 |
| Cost of Debt | |
| Tax Rate | 18.64 |
| After-tax Cost of Debt | 2.55% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.607 |
| Total Debt | 16,413.30 |
| Total Equity | 28,565.96 |
| Total Capital | 44,979.26 |
| Debt Weighting | 36.49 |
| Equity Weighting | 63.51 |
| 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 | 7,679.50 | 7,523.10 | 7,241.70 | 8,316 | 9,597.40 | 10,184.44 | 10,807.39 | 11,468.44 | 12,169.93 | 12,914.33 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2,445.50 | 2,345.50 | 2,196 | 2,032.70 | 2,060.70 | 2,836.59 | 3,010.09 | 3,194.21 | 3,389.59 | 3,596.92 |
| Capital Expenditure | -2,115.70 | -2,260.80 | -2,238.80 | -2,252.80 | -2,314.90 | -2,846.08 | -3,020.16 | -3,204.90 | -3,400.93 | -3,608.96 |
| Free Cash Flow | 329.80 | 84.70 | -42.80 | -220.10 | -254.20 | -9.49 | -10.07 | -10.69 | -11.34 | -12.03 |
| WACC | ||||||||||
| PV LFCF | -9.08 | -9.22 | -9.37 | -9.51 | -9.66 | |||||
| SUM PV LFCF | -46.85 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.49 |
| Free cash flow (t + 1) | -12.28 |
| Terminal Value | -492.99 |
| Present Value of Terminal Value | -395.79 |
Intrinsic Value
| Enterprise Value | -442.64 |
|---|---|
| Net Debt | 16,384.40 |
| Equity Value | -16,827.04 |
| Shares Outstanding | 316.10 |
| Equity Value Per Share | -53.23 |