Discounted Cash Flow (DCF) Analysis Levered
Seaboard Corporation (SEB)
$2922
20.98 (+0.72%)
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 | 6,670.41 | 6,472.97 | 5,593.94 | 5,379.13 | 5,808.93 | 6,582.67 | 6,839.40 | 6,894.80 | 6,950.65 | 7,006.95 | 7,063.70 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| Operating Cash Flow | 124.74 | 374.14 | 416.19 | 427.10 | 245.14 | 238.29 | 170.98 | 328.88 | 331.55 | 334.23 | 336.94 |
| Operating Cash Flow (%) | |||||||||||
| Capital Expenditure | 149.42 | 121.04 | 138.73 | 158.15 | 173.11 | 161.93 | 348.81 | 197.88 | 199.48 | 201.10 | 202.73 |
| Capital Expenditure (%) | |||||||||||
| Free Cash Flow | 274.15 | 495.18 | 554.92 | 585.25 | 418.24 | 400.23 | 519.79 | 526.76 | 531.03 | 535.33 | 539.67 |
Weighted Average Cost Of Capital
Weighted Average Cost Of Capital
| Share price | $ 2,922 |
|---|---|
| Diluted Shares Outstanding | 1.16 |
| Cost of Debt | |
| Tax Rate | 0.35 |
| After-tax Cost of Debt | 0.03 |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.86 |
| Total Debt | 730.00 |
| Total Equity | 3,400.88 |
| Total Capital | 4,130.88 |
| Debt Weighting | 17.67 |
| Equity Weighting | 82.33 |
| 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 | 6,670.41 | 6,472.97 | 5,593.94 | 5,379.13 | 5,808.93 | 6,582.67 | 6,839.40 | 6,894.80 | 6,950.65 | 7,006.95 | 7,063.70 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 124.74 | 374.14 | 416.19 | 427.10 | 245.14 | 238.29 | 170.98 | 328.88 | 331.55 | 334.23 | 336.94 |
| Capital Expenditure | 149.42 | 121.04 | 138.73 | 158.15 | 173.11 | 161.93 | 348.81 | 197.88 | 199.48 | 201.10 | 202.73 |
| Free Cash Flow | 274.15 | 495.18 | 554.92 | 585.25 | 418.24 | 400.23 | 519.79 | 526.76 | 531.03 | 535.33 | 539.67 |
| WACC | |||||||||||
| PV LFCF | 464.16 | 439.24 | 415.66 | 393.34 | |||||||
| SUM PV LFCF | 3,691.18 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.53 |
| Free cash flow (t + 1) | 331.01 |
| Terminal Value | 13,083.57 |
| Present Value of Terminal Value | 9,536.01 |
Intrinsic Value
| Enterprise Value | 11,705.39 |
|---|---|
| Net Debt | -828.70 |
| Equity Value | 12,534.09 |
| Shares Outstanding | 1.16 |
| Equity Value Per Share | 17,775.53 |