Discounted Cash Flow (DCF) Analysis Levered
The Wendy's Company (WEN)
$21.02
+0.25 (+1.20%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 1,709 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 288.93 | - | - | - | - | - | - | - | - | - |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -74.45 | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 214.48 | - | - | - | - | - | - | - | - | - |
Weighted Average Cost Of Capital
| Share price | $ 21.02 |
|---|---|
| Beta | 0.897 |
| Diluted Shares Outstanding | 224.41 |
| Cost of Debt | |
| Tax Rate | 27.16 |
| After-tax Cost of Debt | 2.08% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.612 |
| Total Debt | 4,281.81 |
| Total Equity | 4,716.99 |
| Total Capital | 8,998.80 |
| Debt Weighting | 47.58 |
| Equity Weighting | 52.42 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 1,709 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 288.93 | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -74.45 | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | 214.48 | - | - | - | - | - | - | - | - | - |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | - | - | - | - | |
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.98 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 3,535.92 |
| Equity Value | - |
| Shares Outstanding | 224.41 |
| Equity Value Per Share | - |