The Discounted Cash Flow (DCF) valuation of Schweitzer-Mauduit International Inc (SWM) is 58.86 USD. With the latest stock price at 23.41 USD, the upside of Schweitzer-Mauduit International Inc based on DCF is 151.4%.

Is SWM a buy or a sell?

Based on the latest price of 23.41 USD and our DCF valuation, Schweitzer-Mauduit International Inc (SWM) is a buy. Buying SWM stocks now will result in a potential gain of 151.4%.

	Range	Selected
WACC / Discount Rate	5.8% - 8.6%	7.2%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	29.96 - 138.22	58.86
Upside	28.0% - 490.5%	151.4%

23.41 USD

Stock Price

58.86 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

SWM DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2021	12-2022	12-2023	12-2024	12-2025	12-2026

Revenue	1,440	1,374	1,402	1,430	1,463	1,499
% Growth	34%	-5%	2%	2%	2%	3%

Cost of goods sold	(1,110)	(1,038)	(1,037)	(1,037)	(1,040)	(1,044)
% of Revenue	77%	76%	74%	73%	71%	70%

Selling, G&A expenses	(208)	(198)	(202)	(206)	(211)	(216)
% of Revenue	14%	14%	14%	14%	14%	14%

Research & Development	(20)	(19)	(20)	(20)	(21)	(21)
% of Revenue	1%	1%	1%	1%	1%	1%

Net interest & other expenses	(29)	(28)	(28)	(29)	(29)	(30)
% of Revenue	2%	2%	2%	2%	2%	2%

Tax expense	9	(16)	(20)	(25)	(29)	(34)
Tax rate	13%	18%	18%	18%	18%	18%

Net profit	82	75	93	113	133	154
% Margin	6%	5%	7%	8%	9%	10%