Discounted Cash Flow (DCF) Analysis Levered

Automotive Properties Real Estate I... (APR-UN.TO)

$13.08

+0.15 (+1.14%)
All numbers are in Millions, Currency in USD
Stock DCF: 52.76 | 13.08 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 41.8048.2567.5875.1278.2292.06108.34127.51150.07176.61
Revenue (%)
Operating Cash Flow 30.4836.7652.1957.1762.2170.3282.7697.40114.63134.91
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----70.3282.7697.40114.63134.91

Weighted Average Cost Of Capital

Share price $ 13.08
Beta 1.258
Diluted Shares Outstanding 37.70
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 3.70%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.645
Total Debt 420.58
Total Equity 493.08
Total Capital 913.66
Debt Weighting 46.03
Equity Weighting 53.97
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 41.8048.2567.5875.1278.2292.06108.34127.51150.07176.61
Operating Cash Flow 30.4836.7652.1957.1762.2170.3282.7697.40114.63134.91
Capital Expenditure ----------
Free Cash Flow -----70.3282.7697.40114.63134.91
WACC
PV LFCF 65.7872.4179.7187.7596.60
SUM PV LFCF 402.24

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.91
Free cash flow (t + 1) 137.61
Terminal Value 2,802.70
Present Value of Terminal Value 2,006.71

Intrinsic Value

Enterprise Value 2,408.95
Net Debt 420.11
Equity Value 1,988.84
Shares Outstanding 37.70
Equity Value Per Share 52.76