DCF Tool

ST

Sensata Technologies Holding Plc – Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
sensata technologies (nyse: st) is one of the world's leading suppliers of sensing, electrical protection, control and power management solutions. we design and manufacture devices that help satisfy the world’s growing need for safety, energy efficiency and a clean environment in global automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle and marine markets. we are a rapidly growing $2.4 billion business with operations and business centers in 16 countries and over 17,000 employees worldwide, including 900 people in mostly engineering, business development and corporate support roles at our u.s. headquarters in attleboro, ma. we pride ourselves on being a leading global company with strong, local decision making and innovative, complex products that make a real difference. we have a reputation for unwavering integrity and offer global exposure to world-class talent and signi
Analysis Results
Intrinsic Value $166.67
Latest Price $33.18
Relative Value 80% undervalued
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Cash Flow (Millions)
Analysis Parameters
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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 3.9%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 3.8%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 3.9%, 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 (million) Present value (million)
2023 770 741
2024 800 742
2025 832 743
2026 864 744
2027 898 745
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 26900 million. This corresponds to a present value of 21500 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 3710 million. Adding in the terminal value gives a total present value of 25200 million.

There are presently 151.0 million outstanding shares, so the intrinsic value per share is 166.67.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 2,775,043,000
Current Cash 1,225,518,000
Current Liabilities 1,178,972,000
Current Debt 256,471,000
Non-Cash Working Capital (NCWC) 627,024,000
Change in NCWC 88,411,000
EBIT 603,439,000
Tax Provision 86,017,000
Depreciation and Amortization 280,971,000
Capital Expenditure -150,064,000
Unlevered Free Cash Flow 691,913,161
Current Assets 3,076,994,000
Current Cash 1,708,955,000
Current Liabilities 836,259,000
Current Debt 6,833,000
Non-Cash Working Capital (NCWC) 538,613,000
Change in NCWC 158,573,000
EBIT 648,182,000
Tax Provision 50,337,000
Depreciation and Amortization 259,088,000
Capital Expenditure -144,403,000
Unlevered Free Cash Flow 842,613,720
Current Assets 2,979,972,000
Current Cash 1,861,980,000
Current Liabilities 1,495,157,000
Current Debt 757,205,000
Non-Cash Working Capital (NCWC) 380,040,000
Change in NCWC -183,665,000
EBIT 370,831,000
Tax Provision 1,355,000
Depreciation and Amortization 255,229,000
Capital Expenditure -106,719,000
Unlevered Free Cash Flow 332,642,475
Current Assets 1,965,652,000
Current Cash 774,119,000
Current Liabilities 634,746,000
Current Debt 6,918,000
Non-Cash Working Capital (NCWC) 563,705,000
Change in NCWC 1,766,000
EBIT 610,445,000
Tax Provision 107,709,000
Depreciation and Amortization 258,748,000
Capital Expenditure -161,259,000
Unlevered Free Cash Flow 541,291,836
Current Assets 1,917,155,000
Current Cash 729,833,000
Current Liabilities 639,944,000
Current Debt 14,561,000
Non-Cash Working Capital (NCWC) 561,939,000
Change in NCWC 80,512,000
EBIT 662,601,000
Tax Provision -72,620,000
Depreciation and Amortization 245,340,000
Capital Expenditure -159,787,000
Unlevered Free Cash Flow 828,666,000
Current Assets 1,848,291,000
Current Cash 753,089,000
Current Liabilities 629,495,000
Current Debt 15,720,000
Non-Cash Working Capital (NCWC) 481,427,000
Change in NCWC 60,023,000
EBIT 571,360,000
Tax Provision -5,916,000
Depreciation and Amortization 270,371,000
Capital Expenditure -144,584,000
Unlevered Free Cash Flow 757,170,000
Current Assets 1,341,485,000
Current Cash 351,428,000
Current Liabilities 583,296,000
Current Debt 14,643,000
Non-Cash Working Capital (NCWC) 421,404,000
Change in NCWC 50,480,000
EBIT 496,277,000
Tax Provision 59,011,000
Depreciation and Amortization 308,401,000
Capital Expenditure -130,217,000
Unlevered Free Cash Flow 633,834,272
Current Assets 1,277,923,000
Current Cash 342,263,000
Current Liabilities 865,175,000
Current Debt 300,439,000
Non-Cash Working Capital (NCWC) 370,924,000
Change in NCWC -4,984,000
EBIT 415,503,000
Tax Provision -142,067,000
Depreciation and Amortization 282,683,000
Capital Expenditure -177,196,000
Unlevered Free Cash Flow 516,006,000
Current Assets 1,118,764,000
Current Cash 211,329,000
Current Liabilities 677,506,000
Current Debt 145,979,000
Non-Cash Working Capital (NCWC) 375,908,000
Change in NCWC 148,565,000
EBIT 393,482,000
Tax Provision -30,323,000
Depreciation and Amortization 212,508,000
Capital Expenditure -144,211,000
Unlevered Free Cash Flow 610,344,000
Current Assets 855,631,000
Current Cash 317,896,000
Current Liabilities 318,492,000
Current Debt 8,100,000
Non-Cash Working Capital (NCWC) 227,343,000
Change in NCWC 11,687,000
EBIT 369,001,000
Tax Provision 45,812,000
Depreciation and Amortization 185,276,000
Capital Expenditure -82,784,000
Unlevered Free Cash Flow 410,918,349
Current Assets 894,680,000
Current Cash 413,539,000
Current Liabilities 278,363,000
Current Debt 12,878,000
Non-Cash Working Capital (NCWC) 215,656,000
Change in NCWC -19,872,000
EBIT 317,620,000
Tax Provision -4,816,000
Depreciation and Amortization 199,465,000
Capital Expenditure -54,786,000
Unlevered Free Cash Flow 442,427,000

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