Intrinsic value of Delta Air Lines, Inc. (DAL)

[per Chepakovich valuation model]

other valuations of DAL

[per Chepakovich valuation model]  See other valuations of DAL stock

Previous Close$43.03
Intrinsic Value
Upside potential
Previous Close
$43.03

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2020-12-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-63.6NaN
Revenue, $17095NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m29564NaN
Operating income, $m-12469NaN
EBITDA, $m-10157NaN
Interest expense (income), $mNaN
Earnings before tax, $m-15587NaN
Tax expense, $m-3202NaN
Net income, $m-12385NaN

BALANCE SHEET

Cash and short-term investments, $m14096NaN
Total assets, $m71996NaN
Adjusted assets (=assets-cash), $m57900NaN
Average production assets, $m44274NaN
Working capital, $m1477NaN
Total debt, $m29157NaN
Total liabilities, $m70462NaN
Total equity, $m1534NaN
Debt-to-equity ratio19.007NaN
Adjusted equity ratio-0.187NaN

CASH FLOW

Net income, $m-12385NaN
Depreciation, amort., depletion, $m2312NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m-3793NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-1899NaN
Free cash flow, $m-1894NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m1477
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN