Discounted Cash Flow (DCF) Analysis Levered

ArrowMark Financial Corp. (BANX)

$17.11

-0.08 (-0.47%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 24.00 | 17.11 | 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 14.0711.8414.459.8514.2414.9215.6216.3617.1417.95
Revenue (%)
Operating Cash Flow 41.48-12.6741.20-13.20-19.855.956.246.536.847.16
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----5.956.246.536.847.16

Weighted Average Cost Of Capital

Share price $ 17.11
Beta 0.575
Diluted Shares Outstanding 6.76
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 2.16%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.414
Total Debt 60
Total Equity 115.61
Total Capital 175.61
Debt Weighting 34.17
Equity Weighting 65.83
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 14.0711.8414.459.8514.2414.9215.6216.3617.1417.95
Operating Cash Flow 41.48-12.6741.20-13.20-19.855.956.246.536.847.16
Capital Expenditure ----------
Free Cash Flow -----5.956.246.536.847.16
WACC
PV LFCF 5.675.665.655.645.62
SUM PV LFCF 28.24

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.96
Free cash flow (t + 1) 7.31
Terminal Value 246.89
Present Value of Terminal Value 193.82

Intrinsic Value

Enterprise Value 222.06
Net Debt 59.92
Equity Value 162.15
Shares Outstanding 6.76
Equity Value Per Share 24.00