Discounted Cash Flow (DCF) Analysis Levered
Wipro Limited (WIT)
$4.77
-0.08 (-1.65%)
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 | 544,871 | 585,845 | 610,232 | 619,430 | 790,934 | 871,762.19 | 960,850.48 | 1,059,043 | 1,167,270.14 | 1,286,557.37 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 84,233 | 116,316 | 100,643 | 147,550 | 110,797 | 156,280.62 | 172,251.46 | 189,854.42 | 209,256.27 | 230,640.87 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -21,870 | -22,781 | -23,497 | -19,577 | -20,153 | -30,444.30 | -33,555.50 | -36,984.65 | -40,764.24 | -44,930.07 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 62,363 | 93,535 | 77,146 | 127,973 | 90,644 | 125,836.33 | 138,695.96 | 152,869.76 | 168,492.04 | 185,710.80 |
Weighted Average Cost Of Capital
| Share price | $ 4.77 |
|---|---|
| Beta | 0.680 |
| Diluted Shares Outstanding | 5,482.08 |
| Cost of Debt | |
| Tax Rate | 19.23 |
| After-tax Cost of Debt | 2.45% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.949 |
| Total Debt | 175,929 |
| Total Equity | 26,149.54 |
| Total Capital | 202,078.54 |
| Debt Weighting | 87.06 |
| Equity Weighting | 12.94 |
| 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 | 544,871 | 585,845 | 610,232 | 619,430 | 790,934 | 871,762.19 | 960,850.48 | 1,059,043 | 1,167,270.14 | 1,286,557.37 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 84,233 | 116,316 | 100,643 | 147,550 | 110,797 | 156,280.62 | 172,251.46 | 189,854.42 | 209,256.27 | 230,640.87 |
| Capital Expenditure | -21,870 | -22,781 | -23,497 | -19,577 | -20,153 | -30,444.30 | -33,555.50 | -36,984.65 | -40,764.24 | -44,930.07 |
| Free Cash Flow | 62,363 | 93,535 | 77,146 | 127,973 | 90,644 | 125,836.33 | 138,695.96 | 152,869.76 | 168,492.04 | 185,710.80 |
| WACC | ||||||||||
| PV LFCF | 118,543.74 | 126,815.61 | 135,664.68 | 145,131.23 | 155,258.35 | |||||
| SUM PV LFCF | 702,060.44 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.03 |
| Free cash flow (t + 1) | 189,425.02 |
| Terminal Value | 18,390,778.26 |
| Present Value of Terminal Value | 15,840,964.07 |
Intrinsic Value
| Enterprise Value | 16,543,024.52 |
|---|---|
| Net Debt | 72,093 |
| Equity Value | 16,470,931.52 |
| Shares Outstanding | 5,482.08 |
| Equity Value Per Share | 3,004.50 |