Discounted Cash Flow (DCF) Analysis Levered

BGSF, Inc. (BGSF)

$11.555

+0.01 (+0.04%)

All numbers are in Millions, Currency in USD

Stock DCF: 7.44 | 11.555 | overvalue

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	272.60	286.86	294.31	277.89	239.03	232.01	225.21	218.60	212.19	205.96
Revenue (%)
Operating Cash Flow	18.06	18.43	17.95	22.26	6.66	13.90	13.49	13.09	12.71	12.34
Operating Cash Flow (%)
Capital Expenditure	-1.15	-0.92	-2.23	-2.14	-3.20	-1.68	-1.63	-1.58	-1.53	-1.49
Capital Expenditure (%)
Free Cash Flow	16.92	17.50	15.72	20.11	3.46	12.22	11.86	11.51	11.18	10.85

Weighted Average Cost Of Capital

Share price	$ 11.555
Beta	1.972
Diluted Shares Outstanding	10.42
Cost of Debt
Tax Rate	-7.73
After-tax Cost of Debt	3.25%
Risk-Free Rate
Market Risk Premium
Cost of Equity	13.245
Total Debt	44.03
Total Equity	120.36
Total Capital	164.40
Debt Weighting	26.78
Equity Weighting	73.22
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	272.60	286.86	294.31	277.89	239.03	232.01	225.21	218.60	212.19	205.96
Operating Cash Flow	18.06	18.43	17.95	22.26	6.66	13.90	13.49	13.09	12.71	12.34
Capital Expenditure	-1.15	-0.92	-2.23	-2.14	-3.20	-1.68	-1.63	-1.58	-1.53	-1.49
Free Cash Flow	16.92	17.50	15.72	20.11	3.46	12.22	11.86	11.51	11.18	10.85
WACC
PV LFCF						8.18	7.18	6.30	5.53	4.86
SUM PV LFCF										43.31

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	10.57
Free cash flow (t + 1)	11.06
Terminal Value	129.11
Present Value of Terminal Value	78.12

Intrinsic Value

Enterprise Value	121.44
Net Debt	43.92
Equity Value	77.52
Shares Outstanding	10.42
Equity Value Per Share	7.44