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Major Indexes

Discounted Cash Flow (DCF) Analysis Levered


Berkshire Hathaway Inc.

Berkshire Hathaway Inc. (BRKA)

$263094
1188 (+0.45%)

Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 182,150.00194,681.92210,821.05223,596.81242,132.98247,823.11254,613.46269,304.66284,843.54301,279.01318,662.81
Revenue (%)
Operating Cash Flow 27,705.0232,005.7131,496.6732,533.3445,787.3537,396.5138,675.7842,442.4144,891.3447,481.5750,221.26
Operating Cash Flow (%)
Capital Expenditure 11,092.9315,185.1916,085.6512,946.2611,719.2414,547.2215,989.7317,046.9818,030.6019,070.9620,171.36
Capital Expenditure (%)
Free Cash Flow 38,797.9547,190.9047,582.3145,479.5957,506.5851,943.7254,665.5159,489.4062,921.9466,552.5370,392.61

Weighted Average Cost Of Capital

Share price $ 263,094
Diluted Shares Outstanding 1.63
Cost of Debt
Tax Rate 20.72
After-tax Cost of Debt -0.99
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.20
Total Debt -
Total Equity 429,881.39
Total Capital 429,881.39
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 182,150.00194,681.92210,821.05223,596.81242,132.98247,823.11254,613.46269,304.66284,843.54301,279.01318,662.81
Operating Cash Flow 27,705.0232,005.7131,496.6732,533.3445,787.3537,396.5138,675.7842,442.4144,891.3447,481.5750,221.26
Capital Expenditure 11,092.9315,185.1916,085.6512,946.2611,719.2414,547.2215,989.7317,046.9818,030.6019,070.9620,171.36
Free Cash Flow 38,797.9547,190.9047,582.3145,479.5957,506.5851,943.7254,665.5159,489.4062,921.9466,552.5370,392.61
WACC
PV LFCF 45,684.7944,249.8242,859.9241,513.68
SUM PV LFCF 353,073.02

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.20
Free cash flow (t + 1) 56,891.39
Terminal Value 1,094,065.25
Present Value of Terminal Value 704,579.55

Intrinsic Value

Enterprise Value 964,354.06
Net Debt -33,685.36
Equity Value 998,039.42
Shares Outstanding 1.63
Equity Value Per Share 791,591.16