DCF Tool

MTD

Mettler-Toledo International, Inc. – Analytical Laboratory Instrument Manufacturing
METTLER TOLEDO is a leading international manufacturer of precision measuring instruments. The company is the world's largest manufacturer and supplier of weighing systems for laboratories, industry and food retail. METTLER TOLEDO is one of the three leading suppliers of various complementary measuring technologies and a leading supplier of automated pharmaceutical research and ingredient development systems. Moreover, the company is the world's biggest manufacturer and supplier of metal recognition systems for the production and packaging industry.
Analysis Results
Intrinsic Value $1,177.53
Latest Price $1,258.47
Relative Value 7% overvalued
Thoughts on this result? Let us know.
Ad
Cash Flow (Billions)
Analysis Parameters
%
%
%
New Ticker
Ad
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 21.1%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 9.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 21.1%, 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)
2022 1.14 1.04
2023 1.38 1.15
2024 1.67 1.28
2025 2.02 1.42
2026 2.45 1.57
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 34.5 billion. This corresponds to a present value of 20.3 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 6.46 billion. Adding in the terminal value gives a total present value of 26.8 billion.

There are presently 22.7 million outstanding shares, so the intrinsic value per share is 1177.53.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 2,538,716,000
Current Cash 197,128,000
Current Liabilities 2,293,076,000
Current Debt 202,268,000
Non-Cash Working Capital (NCWC) 250,780,000
Change in NCWC 78,140,000
EBIT 1,989,472,000
Tax Provision 360,752,000
Depreciation and Amortization 216,114,000
Capital Expenditure -215,160,000
Unlevered Free Cash Flow 1,690,571,747
Current Assets 1,056,904,000
Current Cash 94,254,000
Current Liabilities 840,327,000
Current Debt 50,317,000
Non-Cash Working Capital (NCWC) 172,640,000
Change in NCWC -30,578,000
EBIT 784,043,000
Tax Provision 146,004,000
Depreciation and Amortization 98,709,000
Capital Expenditure -92,494,000
Unlevered Free Cash Flow 606,792,541
Current Assets 1,109,647,000
Current Cash 207,785,000
Current Liabilities 754,512,000
Current Debt 55,868,000
Non-Cash Working Capital (NCWC) 203,218,000
Change in NCWC 20,232,000
EBIT 728,388,000
Tax Provision 120,285,000
Depreciation and Amortization 88,681,000
Capital Expenditure -97,341,000
Unlevered Free Cash Flow 611,379,251
Current Assets 1,045,860,000
Current Cash 178,110,000
Current Liabilities 734,434,000
Current Debt 49,670,000
Non-Cash Working Capital (NCWC) 182,986,000
Change in NCWC -5,054,000
EBIT 682,981,000
Tax Provision 139,247,000
Depreciation and Amortization 84,691,000
Capital Expenditure -142,726,000
Unlevered Free Cash Flow 473,996,643
Current Assets 1,006,723,000
Current Cash 148,687,000
Current Liabilities 689,673,000
Current Debt 19,677,000
Non-Cash Working Capital (NCWC) 188,040,000
Change in NCWC 18,471,000
EBIT 613,913,000
Tax Provision 198,250,000
Depreciation and Amortization 76,129,000
Capital Expenditure -127,426,000
Unlevered Free Cash Flow 369,133,692
Current Assets 896,784,000
Current Cash 158,674,000
Current Liabilities 587,515,000
Current Debt 18,974,000
Non-Cash Working Capital (NCWC) 169,569,000
Change in NCWC -13,720,000
EBIT 546,945,000
Tax Provision 119,823,000
Depreciation and Amortization 68,795,000
Capital Expenditure -123,957,000
Unlevered Free Cash Flow 348,079,857
Current Assets 862,815,000
Current Cash 98,887,000
Current Liabilities 595,127,000
Current Debt 14,488,000
Non-Cash Working Capital (NCWC) 183,289,000
Change in NCWC -18,152,000
EBIT 501,156,000
Tax Provision 110,604,000
Depreciation and Amortization 64,038,000
Capital Expenditure -82,506,000
Unlevered Free Cash Flow 344,926,618
Current Assets 849,430,000
Current Cash 85,263,000
Current Liabilities 678,890,000
Current Debt 116,164,000
Non-Cash Working Capital (NCWC) 201,441,000
Change in NCWC -53,551,000
EBIT 477,686,000
Tax Provision 106,763,000
Depreciation and Amortization 62,802,000
Capital Expenditure -89,388,000
Unlevered Free Cash Flow 282,945,107
Current Assets 913,987,000
Current Cash 111,874,000
Current Liabilities 564,188,000
Current Debt 17,067,000
Non-Cash Working Capital (NCWC) 254,992,000
Change in NCWC 12,851,000
EBIT 448,353,000
Tax Provision 96,615,000
Depreciation and Amortization 59,304,000
Capital Expenditure -82,349,000
Unlevered Free Cash Flow 330,593,425
Current Assets 864,920,000
Current Cash 101,702,000
Current Liabilities 562,677,000
Current Debt 41,600,000
Non-Cash Working Capital (NCWC) 242,141,000
Change in NCWC 40,423,000
EBIT 423,142,000
Tax Provision 91,754,000
Depreciation and Amortization 54,778,000
Capital Expenditure -95,588,000
Unlevered Free Cash Flow 321,278,602

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.