Current Price: ~ $22/share
Projected Yield: ~ 3.81%
Projected Yield: ~ 3.81%
I estimated the firm's WACC today at 10.32% using the Capital Asset Pricing Model and the company's recent SEC filings.
Recent free cash flows and growth rates:
Year | FCF $Millions |
2001 | 1345 |
2002 | 4426 |
2003 | 7859 |
2004 | 9276 |
2005 | 9005 |
2006 | 4841 |
2007 | 7625 |
2008 | 5729 |
2009 | 6655 |
2010 | 11485 |
TTM | 8673 |
Average Annual Growth FCF: ~ 44%
CAGR FCF: ~ 27%
Consensus Forecast Industry 5-Year Growth: ~ 16% per yearConsensus Forecast Company 5-Year Growth: ~ 11% per year
Discounted Cash Flow Valuation
Year | FCF $Millions |
0 | 8673 |
1 | 9627 |
2 | 10686 |
3 | 11861 |
4 | 13166 |
5 | 14615 |
Terminal Value | 157130 |
Sources
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate anypositions within the next 72 hours.