Discounted Cash Flow (DCF) Analysis Unlevered
Barrick Gold Corporation (ABX)
Basic Materials
Operating Data
Year A/P | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected |
| Revenue | - | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA (%) | |||||||||||
| EBIT | - | - | - | - | - | - | - | - | - | - | - |
| EBIT (%) | |||||||||||
| Depreciation | - | - | - | - | - | - | - | - | - | - | - |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2013 Projected | 2014 Projected | 2015 Projected | 2016 Projected | 2017 Projected | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected |
| Total Cash | - | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | |||||||||||
| Account Receivables | - | - | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | |||||||||||
| Inventories | - | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | |||||||||||
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable (%) | |||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 13.55 |
|---|---|
| Diluted Shares Outstanding | 149.00 |
| Cost of Debt | |
| Tax Rate | - |
| After-tax Cost of Debt | - |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | -1.40 |
| Total Debt | - |
| Total Equity | 2,018.95 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| Wacc |
Build Up Free Cash
Year A/P | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected |
| Revenue | - | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - |
| Tax Rate | - | - | - | - | - | - | - | - | - | - | - |
| EBIAT | - | - | - | - | - | - | - | - | - | - | - |
| Depreciation | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - |
| UFCF | - | - | - | - | - | - | - | - | - | - | - |
| WACC | |||||||||||
| PV UFCF | - | - | - | - | - | - | |||||
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | - |
| Equity Value | - |
| Shares Outstanding | 149.00 |
| Equity Value Per Share | - |
Results Unlevered DCF
| Wacc / Long-term Growth | -4 (%) | -3 (%) | -2 (%) | -1 (%) | 0 (%) | 1 (%) | 2 (%) | 3 (%) | 4 (%) |
|---|---|---|---|---|---|---|---|---|---|
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |