Discounted Cash Flow (DCF) Analysis Levered

Ark Restaurants Corp. (ARKR)

$14.2767

+0.06 (+0.40%)
All numbers are in Millions, Currency in USD
Stock DCF: 13.88 | 14.2767 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 162.35106.49131.87183.67184.79198.34212.87228.48245.22263.20
Revenue (%)
Operating Cash Flow 10.62-4.539.2920.358.399.9010.6211.4012.2413.13
Operating Cash Flow (%)
Capital Expenditure -3.42-2.49-2.14-2.70-3.86-3.82-4.10-4.40-4.72-5.06
Capital Expenditure (%)
Free Cash Flow 7.20-7.017.1617.654.536.086.537.017.528.07

Weighted Average Cost Of Capital

Share price $ 14.2,767
Beta 1.007
Diluted Shares Outstanding 3.60
Cost of Debt
Tax Rate -9.33
After-tax Cost of Debt 4.30%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.056
Total Debt 107.35
Total Equity 51.41
Total Capital 158.76
Debt Weighting 67.62
Equity Weighting 32.38
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 162.35106.49131.87183.67184.79198.34212.87228.48245.22263.20
Operating Cash Flow 10.62-4.539.2920.358.399.9010.6211.4012.2413.13
Capital Expenditure -3.42-2.49-2.14-2.70-3.86-3.82-4.10-4.40-4.72-5.06
Free Cash Flow 7.20-7.017.1617.654.536.086.537.017.528.07
WACC
PV LFCF 5.755.835.915.996.08
SUM PV LFCF 29.55

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.84
Free cash flow (t + 1) 8.11
Terminal Value 151.88
Present Value of Terminal Value 114.35

Intrinsic Value

Enterprise Value 143.90
Net Debt 93.93
Equity Value 49.97
Shares Outstanding 3.60
Equity Value Per Share 13.88