Discounted Cash Flow (DCF) Analysis Levered
Brown Capital Management Small Comp... (BCSSX)
$72.68
+0.17 (+0.00%)
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 | 2,009.86 | 2,386.39 | 2,610.60 | 3,050.30 | 3,566.90 | 4,118.95 | 4,756.45 | 5,492.61 | 6,342.71 | 7,324.39 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 567.53 | 678.18 | 713 | 808.80 | 881.40 | 1,113.71 | 1,286.08 | 1,485.13 | 1,714.99 | 1,980.42 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -41.52 | -73.11 | -70.70 | -45 | -52.60 | -88.87 | -102.62 | -118.50 | -136.84 | -158.02 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 526.01 | 605.07 | 642.30 | 763.80 | 828.80 | 1,024.85 | 1,183.46 | 1,366.63 | 1,578.15 | 1,822.40 |
Weighted Average Cost Of Capital
| Share price | $ 72.68 |
|---|---|
| Beta | 0.980 |
| Diluted Shares Outstanding | 278.60 |
| Cost of Debt | |
| Tax Rate | 24.77 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.881 |
| Total Debt | - |
| Total Equity | 20,248.65 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 2,009.86 | 2,386.39 | 2,610.60 | 3,050.30 | 3,566.90 | 4,118.95 | 4,756.45 | 5,492.61 | 6,342.71 | 7,324.39 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 567.53 | 678.18 | 713 | 808.80 | 881.40 | 1,113.71 | 1,286.08 | 1,485.13 | 1,714.99 | 1,980.42 |
| Capital Expenditure | -41.52 | -73.11 | -70.70 | -45 | -52.60 | -88.87 | -102.62 | -118.50 | -136.84 | -158.02 |
| Free Cash Flow | 526.01 | 605.07 | 642.30 | 763.80 | 828.80 | 1,024.85 | 1,183.46 | 1,366.63 | 1,578.15 | 1,822.40 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 1,858.84 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -650 |
| Equity Value | - |
| Shares Outstanding | 278.60 |
| Equity Value Per Share | - |