Discounted Cash Flow (DCF) Analysis Levered
Bank of the James Financial Group, ... (BOTJ)
$10.4
-0.10 (-0.95%)
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 | 27.88 | 31.09 | 35.01 | 37.19 | 42.02 | 46.58 | 51.62 | 57.22 | 63.41 | 70.28 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 8.57 | 5.59 | 5.20 | 15.78 | 9.31 | 11.94 | 13.24 | 14.67 | 16.26 | 18.02 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -2.30 | -4.40 | -1.75 | -2.91 | -1.19 | -3.55 | -3.93 | -4.36 | -4.83 | -5.35 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 6.27 | 1.19 | 3.45 | 12.88 | 8.12 | 8.40 | 9.31 | 10.31 | 11.43 | 12.67 |
Weighted Average Cost Of Capital
Share price | $ 10.4 |
---|---|
Beta | 0.740 |
Diluted Shares Outstanding | 4.75 |
Cost of Debt | |
Tax Rate | 19.36 |
After-tax Cost of Debt | 8.46% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.138 |
Total Debt | 20.49 |
Total Equity | 49.38 |
Total Capital | 69.87 |
Debt Weighting | 29.33 |
Equity Weighting | 70.67 |
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 | 27.88 | 31.09 | 35.01 | 37.19 | 42.02 | 46.58 | 51.62 | 57.22 | 63.41 | 70.28 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 8.57 | 5.59 | 5.20 | 15.78 | 9.31 | 11.94 | 13.24 | 14.67 | 16.26 | 18.02 |
Capital Expenditure | -2.30 | -4.40 | -1.75 | -2.91 | -1.19 | -3.55 | -3.93 | -4.36 | -4.83 | -5.35 |
Free Cash Flow | 6.27 | 1.19 | 3.45 | 12.88 | 8.12 | 8.40 | 9.31 | 10.31 | 11.43 | 12.67 |
WACC | ||||||||||
PV LFCF | 7.76 | 7.94 | 8.14 | 8.33 | 8.53 | |||||
SUM PV LFCF | 40.70 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.23 |
Free cash flow (t + 1) | 12.92 |
Terminal Value | 207.44 |
Present Value of Terminal Value | 139.69 |
Intrinsic Value
Enterprise Value | 180.39 |
---|---|
Net Debt | -9.53 |
Equity Value | 189.92 |
Shares Outstanding | 4.75 |
Equity Value Per Share | 40.00 |