Discounted Cash Flow (DCF) Analysis Levered
BankFinancial Corporation (BFIN)
$8.66
+0.03 (+0.35%)
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 | 66.77 | 58.44 | 51.25 | 49.46 | 56.79 | 54.88 | 53.04 | 51.25 | 49.53 | 47.86 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 20.69 | 21.37 | 13.52 | 7.77 | 9.29 | 13.83 | 13.36 | 12.92 | 12.48 | 12.06 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -1.61 | -0.80 | -2.01 | -2.33 | -1.94 | -1.74 | -1.68 | -1.62 | -1.57 | -1.52 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 19.08 | 20.58 | 11.51 | 5.43 | 7.35 | 12.09 | 11.68 | 11.29 | 10.91 | 10.55 |
Weighted Average Cost Of Capital
Share price | $ 8.66 |
---|---|
Beta | 0.437 |
Diluted Shares Outstanding | 13.07 |
Cost of Debt | |
Tax Rate | 24.15 |
After-tax Cost of Debt | 17.31% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.636 |
Total Debt | 19.63 |
Total Equity | 113.20 |
Total Capital | 132.84 |
Debt Weighting | 14.78 |
Equity Weighting | 85.22 |
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 | 66.77 | 58.44 | 51.25 | 49.46 | 56.79 | 54.88 | 53.04 | 51.25 | 49.53 | 47.86 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 20.69 | 21.37 | 13.52 | 7.77 | 9.29 | 13.83 | 13.36 | 12.92 | 12.48 | 12.06 |
Capital Expenditure | -1.61 | -0.80 | -2.01 | -2.33 | -1.94 | -1.74 | -1.68 | -1.62 | -1.57 | -1.52 |
Free Cash Flow | 19.08 | 20.58 | 11.51 | 5.43 | 7.35 | 12.09 | 11.68 | 11.29 | 10.91 | 10.55 |
WACC | ||||||||||
PV LFCF | 8.82 | 7.88 | 7.03 | 6.28 | 5.61 | |||||
SUM PV LFCF | 45.13 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.21 |
Free cash flow (t + 1) | 10.76 |
Terminal Value | 173.21 |
Present Value of Terminal Value | 116.74 |
Intrinsic Value
Enterprise Value | 161.87 |
---|---|
Net Debt | -47.14 |
Equity Value | 209.01 |
Shares Outstanding | 13.07 |
Equity Value Per Share | 15.99 |