Discounted Cash Flow (DCF) Analysis Levered
Garrett Motion Inc. (GTX)
$9.43
-0.06 (-0.63%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 3,248 | 3,034 | 3,633 | 3,603 | 3,886 | 4,082.08 | 4,288.05 | 4,504.41 | 4,731.70 | 4,970.45 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 242 | 25 | -310 | 375 | 465 | 180.56 | 189.67 | 199.24 | 209.29 | 219.85 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -102 | -80 | -72 | -91 | -83 | -101.40 | -106.52 | -111.89 | -117.54 | -123.47 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 140 | -55 | -382 | 284 | 382 | 79.15 | 83.15 | 87.34 | 91.75 | 96.38 |
Weighted Average Cost Of Capital
Share price | $ 9.43 |
---|---|
Beta | 1.309 |
Diluted Shares Outstanding | 166.60 |
Cost of Debt | |
Tax Rate | 24.78 |
After-tax Cost of Debt | 7.07% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.534 |
Total Debt | 1,692 |
Total Equity | 1,570.99 |
Total Capital | 3,262.99 |
Debt Weighting | 51.85 |
Equity Weighting | 48.15 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 3,248 | 3,034 | 3,633 | 3,603 | 3,886 | 4,082.08 | 4,288.05 | 4,504.41 | 4,731.70 | 4,970.45 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 242 | 25 | -310 | 375 | 465 | 180.56 | 189.67 | 199.24 | 209.29 | 219.85 |
Capital Expenditure | -102 | -80 | -72 | -91 | -83 | -101.40 | -106.52 | -111.89 | -117.54 | -123.47 |
Free Cash Flow | 140 | -55 | -382 | 284 | 382 | 79.15 | 83.15 | 87.34 | 91.75 | 96.38 |
WACC | ||||||||||
PV LFCF | 72.79 | 70.32 | 67.93 | 65.62 | 63.39 | |||||
SUM PV LFCF | 340.06 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.74 |
Free cash flow (t + 1) | 96.86 |
Terminal Value | 1,175.51 |
Present Value of Terminal Value | 773.18 |
Intrinsic Value
Enterprise Value | 1,113.23 |
---|---|
Net Debt | 1,433 |
Equity Value | -319.77 |
Shares Outstanding | 166.60 |
Equity Value Per Share | -1.92 |