Discounted Cash Flow (DCF) Analysis Levered
White Mountains Insurance Group, Lt... (WTM)
$1419.84
-8.86 (-0.62%)
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 | 369.10 | 893.40 | 1,180.70 | 944.80 | 1,157.90 | 1,669.64 | 2,407.54 | 3,471.57 | 5,005.84 | 7,218.19 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -31.10 | -120.50 | -60.60 | 38.60 | 326.30 | 17.43 | 25.13 | 36.24 | 52.26 | 75.35 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 17.43 | 25.13 | 36.24 | 52.26 | 75.35 |
Weighted Average Cost Of Capital
Share price | $ 1,419.84 |
---|---|
Beta | 0.404 |
Diluted Shares Outstanding | 3.08 |
Cost of Debt | |
Tax Rate | 630.66 |
After-tax Cost of Debt | -37.20% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 5.601 |
Total Debt | 575.20 |
Total Equity | 4,370.94 |
Total Capital | 4,946.14 |
Debt Weighting | 11.63 |
Equity Weighting | 88.37 |
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 | 369.10 | 893.40 | 1,180.70 | 944.80 | 1,157.90 | 1,669.64 | 2,407.54 | 3,471.57 | 5,005.84 | 7,218.19 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -31.10 | -120.50 | -60.60 | 38.60 | 326.30 | 17.43 | 25.13 | 36.24 | 52.26 | 75.35 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 17.43 | 25.13 | 36.24 | 52.26 | 75.35 |
WACC | ||||||||||
PV LFCF | 17.32 | 24.82 | 35.57 | 50.98 | 73.06 | |||||
SUM PV LFCF | 201.76 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 0.62 |
Free cash flow (t + 1) | 76.86 |
Terminal Value | -5,569.50 |
Present Value of Terminal Value | -5,400.02 |
Intrinsic Value
Enterprise Value | -5,198.25 |
---|---|
Net Debt | 320.20 |
Equity Value | -5,518.45 |
Shares Outstanding | 3.08 |
Equity Value Per Share | -1,792.60 |