DCF Tool


Berry Global Group Inc – Metal Can Manufacturing
berry plastics (nyse: bery) is a leading global manufacturer of plastic packaging products and protection materials serving multiple markets including food, beverage, personal care, household chemical, healthcare and industrial. berry plastics serves more than 15,000 customers, including some of the world’s largest cpg manufacturers and strategically expanding internationally to serve the needs of the rapidly growing global markets. with a history of acquisitions, berry plastics has grown to account for 119 global manufacturing locations in 17 countries and employs over 21,000 individuals.
Analysis Results
Intrinsic Value $441.62
Latest Price $57.67
Relative Value 87% undervalued
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Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 9.2%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 5.6%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 9.2%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2024 1.5 1.42
2025 1.64 1.47
2026 1.79 1.52
2027 1.95 1.57
2028 2.13 1.62
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 60.4 billion. This corresponds to a present value of 43.6 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 7.61 billion. Adding in the terminal value gives a total present value of 51.2 billion.

There are presently 116.0 million outstanding shares, so the intrinsic value per share is 441.62.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 4,533,000,000
Current Cash 1,203,000,000
Current Liabilities 2,713,000,000
Current Debt 10,000,000
Non-Cash Working Capital (NCWC) 627,000,000
Change in NCWC -296,000,000
EBIT 1,181,000,000
Tax Provision 133,000,000
Depreciation and Amortization 818,000,000
Capital Expenditure -689,000,000
Unlevered Free Cash Flow 802,311,320
Current Assets 5,164,000,000
Current Cash 1,410,000,000
Current Liabilities 2,844,000,000
Current Debt 13,000,000
Non-Cash Working Capital (NCWC) 923,000,000
Change in NCWC 85,000,000
EBIT 1,265,000,000
Tax Provision 168,000,000
Depreciation and Amortization 819,000,000
Capital Expenditure -687,000,000
Unlevered Free Cash Flow 1,254,462,526
Current Assets 5,094,000,000
Current Cash 1,091,000,000
Current Liabilities 3,186,000,000
Current Debt 21,000,000
Non-Cash Working Capital (NCWC) 838,000,000
Change in NCWC -121,000,000
EBIT 1,343,000,000
Tax Provision 172,000,000
Depreciation and Amortization 854,000,000
Capital Expenditure -676,000,000
Unlevered Free Cash Flow 1,144,755,801
Current Assets 3,817,000,000
Current Cash 750,000,000
Current Liabilities 2,183,000,000
Current Debt 75,000,000
Non-Cash Working Capital (NCWC) 959,000,000
Change in NCWC -113,000,000
EBIT 1,258,000,000
Tax Provision 154,000,000
Depreciation and Amortization 845,000,000
Capital Expenditure -583,000,000
Unlevered Free Cash Flow 1,135,286,115
Current Assets 3,757,000,000
Current Cash 750,000,000
Current Liabilities 2,039,000,000
Current Debt 104,000,000
Non-Cash Working Capital (NCWC) 1,072,000,000
Change in NCWC 367,000,000
EBIT 842,000,000
Tax Provision 86,000,000
Depreciation and Amortization 613,000,000
Capital Expenditure -399,000,000
Unlevered Free Cash Flow 1,275,220,408
Current Assets 2,285,000,000
Current Cash 381,000,000
Current Liabilities 1,237,000,000
Current Debt 38,000,000
Non-Cash Working Capital (NCWC) 705,000,000
Change in NCWC 108,000,000
EBIT 797,000,000
Tax Provision -19,000,000
Depreciation and Amortization 538,000,000
Capital Expenditure -336,000,000
Unlevered Free Cash Flow 1,107,000,000
Current Assets 2,004,000,000
Current Cash 306,000,000
Current Liabilities 1,134,000,000
Current Debt 33,000,000
Non-Cash Working Capital (NCWC) 597,000,000
Change in NCWC 116,000,000
EBIT 756,000,000
Tax Provision 109,000,000
Depreciation and Amortization 521,000,000
Capital Expenditure -269,000,000
Unlevered Free Cash Flow 940,472,160
Current Assets 1,792,000,000
Current Cash 323,000,000
Current Liabilities 1,031,000,000
Current Debt 43,000,000
Non-Cash Working Capital (NCWC) 481,000,000
Change in NCWC -6,000,000
EBIT 613,000,000
Tax Provision 72,000,000
Depreciation and Amortization 525,000,000
Capital Expenditure -288,000,000
Unlevered Free Cash Flow 700,701,298
Current Assets 1,383,000,000
Current Cash 228,000,000
Current Liabilities 705,000,000
Current Debt 37,000,000
Non-Cash Working Capital (NCWC) 487,000,000
Change in NCWC -107,000,000
EBIT 421,000,000
Tax Provision 36,000,000
Depreciation and Amortization 350,000,000
Capital Expenditure -180,000,000
Unlevered Free Cash Flow 359,770,491
Current Assets 1,432,000,000
Current Cash 129,000,000
Current Liabilities 767,000,000
Current Debt 58,000,000
Non-Cash Working Capital (NCWC) 594,000,000
Change in NCWC 12,000,000
EBIT 346,000,000
Tax Provision 4,000,000
Depreciation and Amortization 358,000,000
Capital Expenditure -215,000,000
Unlevered Free Cash Flow 480,343,283
Current Assets 1,337,000,000
Current Cash 142,000,000
Current Liabilities 684,000,000
Current Debt 71,000,000
Non-Cash Working Capital (NCWC) 582,000,000
Change in NCWC 42,000,000
EBIT 400,000,000
Tax Provision 28,000,000
Depreciation and Amortization 341,000,000
Capital Expenditure -239,000,000
Unlevered Free Cash Flow 412,235,294

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