Discounted Cash Flow (DCF) Analysis Levered
ArrowMark Financial Corp. (BANX)
$17.11
-0.08 (-0.47%)
All numbers are in Millions, Currency in USD
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 | 14.07 | 11.84 | 14.45 | 9.85 | 14.24 | 14.92 | 15.62 | 16.36 | 17.14 | 17.95 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 41.48 | -12.67 | 41.20 | -13.20 | -19.85 | 5.95 | 6.24 | 6.53 | 6.84 | 7.16 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 5.95 | 6.24 | 6.53 | 6.84 | 7.16 |
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 | 14.07 | 11.84 | 14.45 | 9.85 | 14.24 | 14.92 | 15.62 | 16.36 | 17.14 | 17.95 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 41.48 | -12.67 | 41.20 | -13.20 | -19.85 | 5.95 | 6.24 | 6.53 | 6.84 | 7.16 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 5.95 | 6.24 | 6.53 | 6.84 | 7.16 |
WACC | ||||||||||
PV LFCF | 5.67 | 5.66 | 5.65 | 5.64 | 5.62 | |||||
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 |