Discounted Cash Flow (DCF) Analysis Levered
ArrowMark Financial Corp. (BANX)
$17.37
+0.21 (+1.22%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 11.84 | 14.45 | 9.85 | 14.42 | 7.86 | 7.68 | 7.51 | 7.35 | 7.18 | 7.02 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -12.67 | 41.20 | -13.20 | -19.85 | 15.84 | 1.66 | 1.62 | 1.59 | 1.55 | 1.52 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 1.66 | 1.62 | 1.59 | 1.55 | 1.52 |
Weighted Average Cost Of Capital
Share price | $ 17.37 |
---|---|
Beta | 0.566 |
Diluted Shares Outstanding | 7.15 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 4.19% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.267 |
Total Debt | 55.60 |
Total Equity | 124.28 |
Total Capital | 179.88 |
Debt Weighting | 30.91 |
Equity Weighting | 69.09 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 11.84 | 14.45 | 9.85 | 14.42 | 7.86 | 7.68 | 7.51 | 7.35 | 7.18 | 7.02 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -12.67 | 41.20 | -13.20 | -19.85 | 15.84 | 1.66 | 1.62 | 1.59 | 1.55 | 1.52 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 1.66 | 1.62 | 1.59 | 1.55 | 1.52 |
WACC | ||||||||||
PV LFCF | 1.56 | 1.44 | 1.32 | 1.21 | 1.12 | |||||
SUM PV LFCF | 6.65 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.32 |
Free cash flow (t + 1) | 1.55 |
Terminal Value | 35.84 |
Present Value of Terminal Value | 26.38 |
Intrinsic Value
Enterprise Value | 33.03 |
---|---|
Net Debt | 55.23 |
Equity Value | -22.20 |
Shares Outstanding | 7.15 |
Equity Value Per Share | -3.10 |