Discounted Cash Flow (DCF) Analysis Levered
BankFinancial Corporation (BFIN)
$7.79
+0.24 (+3.18%)
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 | 66.85 | 58.36 | 51.25 | 49.46 | 56.79 | 54.87 | 53.01 | 51.21 | 49.47 | 47.80 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 20.68 | 21.37 | 13.52 | 7.77 | 9.29 | 13.83 | 13.36 | 12.91 | 12.47 | 12.04 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -1.61 | -0.80 | -2.01 | -2.33 | -1.94 | -1.74 | -1.68 | -1.62 | -1.57 | -1.51 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 19.08 | 20.58 | 11.51 | 5.43 | 7.35 | 12.09 | 11.68 | 11.28 | 10.90 | 10.53 |
Weighted Average Cost Of Capital
Share price | $ 7.79 |
---|---|
Beta | 0.381 |
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 | 5.491 |
Total Debt | 19.63 |
Total Equity | 101.83 |
Total Capital | 121.46 |
Debt Weighting | 16.16 |
Equity Weighting | 83.84 |
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 | 66.85 | 58.36 | 51.25 | 49.46 | 56.79 | 54.87 | 53.01 | 51.21 | 49.47 | 47.80 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 20.68 | 21.37 | 13.52 | 7.77 | 9.29 | 13.83 | 13.36 | 12.91 | 12.47 | 12.04 |
Capital Expenditure | -1.61 | -0.80 | -2.01 | -2.33 | -1.94 | -1.74 | -1.68 | -1.62 | -1.57 | -1.51 |
Free Cash Flow | 19.08 | 20.58 | 11.51 | 5.43 | 7.35 | 12.09 | 11.68 | 11.28 | 10.90 | 10.53 |
WACC | ||||||||||
PV LFCF | 11.26 | 10.13 | 9.11 | 8.19 | 7.37 | |||||
SUM PV LFCF | 46.05 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.40 |
Free cash flow (t + 1) | 10.74 |
Terminal Value | 198.92 |
Present Value of Terminal Value | 139.21 |
Intrinsic Value
Enterprise Value | 185.26 |
---|---|
Net Debt | -47.14 |
Equity Value | 232.40 |
Shares Outstanding | 13.07 |
Equity Value Per Share | 17.78 |