Discounted Cash Flow (DCF) Analysis Levered
AirBoss of America Corp. (BOS.TO)
$14.95
-0.24 (-1.58%)
All numbers are in Millions, Currency in USD
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 | 289.86 | 316.60 | 328.13 | 501.57 | 586.86 | 708.24 | 854.72 | 1,031.50 | 1,244.84 | 1,502.31 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 5.81 | 19.87 | 11.71 | 104.40 | 2.02 | 46.75 | 56.42 | 68.09 | 82.18 | 99.17 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -7.29 | -8.23 | -19.48 | -14.93 | -17.99 | -24.22 | -29.23 | -35.27 | -42.57 | -51.37 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -1.48 | 11.63 | -7.78 | 89.47 | -15.97 | 22.53 | 27.19 | 32.82 | 39.61 | 47.80 |
Weighted Average Cost Of Capital
Share price | $ 14.95 |
---|---|
Beta | 1.600 |
Diluted Shares Outstanding | 28.30 |
Cost of Debt | |
Tax Rate | 14.36 |
After-tax Cost of Debt | 4.44% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.403 |
Total Debt | 80.61 |
Total Equity | 423.06 |
Total Capital | 503.67 |
Debt Weighting | 16.00 |
Equity Weighting | 84.00 |
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 | 289.86 | 316.60 | 328.13 | 501.57 | 586.86 | 708.24 | 854.72 | 1,031.50 | 1,244.84 | 1,502.31 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 5.81 | 19.87 | 11.71 | 104.40 | 2.02 | 46.75 | 56.42 | 68.09 | 82.18 | 99.17 |
Capital Expenditure | -7.29 | -8.23 | -19.48 | -14.93 | -17.99 | -24.22 | -29.23 | -35.27 | -42.57 | -51.37 |
Free Cash Flow | -1.48 | 11.63 | -7.78 | 89.47 | -15.97 | 22.53 | 27.19 | 32.82 | 39.61 | 47.80 |
WACC | ||||||||||
PV LFCF | 20.59 | 22.70 | 25.03 | 27.60 | 30.43 | |||||
SUM PV LFCF | 126.35 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.45 |
Free cash flow (t + 1) | 48.75 |
Terminal Value | 654.43 |
Present Value of Terminal Value | 416.66 |
Intrinsic Value
Enterprise Value | 543.01 |
---|---|
Net Debt | 73.48 |
Equity Value | 469.53 |
Shares Outstanding | 28.30 |
Equity Value Per Share | 16.59 |