Discounted Cash Flow (DCF) Analysis Levered
A. H. Belo Corporation (AHC)
$7.56
-0.10 (-1.31%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 259.98 | 248.63 | 202.29 | 183.56 | 154.30 | 135.70 | 119.35 | 104.97 | 92.32 | 81.19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 7.62 | -12.10 | 11.72 | 1.20 | -1.49 | 0.96 | 0.85 | 0.74 | 0.66 | 0.58 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -6.60 | -12.01 | -5.66 | -6.22 | -5.23 | -4.60 | -4.04 | -3.56 | -3.13 | -2.75 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1.02 | -24.10 | 6.06 | -5.01 | -6.72 | -3.63 | -3.20 | -2.81 | -2.47 | -2.17 |
Weighted Average Cost Of Capital
| Share price | $ 7.56 |
|---|---|
| Beta | 0.611 |
| Diluted Shares Outstanding | 5.35 |
| Cost of Debt | |
| Tax Rate | 19.71 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.425 |
| Total Debt | 21.89 |
| Total Equity | 40.47 |
| Total Capital | 62.36 |
| Debt Weighting | 35.11 |
| Equity Weighting | 64.89 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 259.98 | 248.63 | 202.29 | 183.56 | 154.30 | 135.70 | 119.35 | 104.97 | 92.32 | 81.19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 7.62 | -12.10 | 11.72 | 1.20 | -1.49 | 0.96 | 0.85 | 0.74 | 0.66 | 0.58 |
| Capital Expenditure | -6.60 | -12.01 | -5.66 | -6.22 | -5.23 | -4.60 | -4.04 | -3.56 | -3.13 | -2.75 |
| Free Cash Flow | 1.02 | -24.10 | 6.06 | -5.01 | -6.72 | -3.63 | -3.20 | -2.81 | -2.47 | -2.17 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -2.22 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -20.13 |
| Equity Value | - |
| Shares Outstanding | 5.35 |
| Equity Value Per Share | - |