Discounted Cash Flow (DCF) Analysis Levered

Bri-Chem Corp. (BRY.TO)

$0.61

-0.03 (-4.69%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.07 | 0.61 | 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 116.21121.4491.7345.1660.4054.8249.7545.1640.9837.19
Revenue (%)
Operating Cash Flow -9.311.9923.2610.22-9.222.892.622.382.161.96
Operating Cash Flow (%)
Capital Expenditure -0.88-1.43-0.37-0-0.04-0.26-0.24-0.22-0.20-0.18
Capital Expenditure (%)
Free Cash Flow -10.200.5622.8910.22-9.262.622.382.161.961.78

Weighted Average Cost Of Capital

Share price $ 0.61
Beta 2.232
Diluted Shares Outstanding 31.43
Cost of Debt
Tax Rate -2.27
After-tax Cost of Debt 7.12%
Risk-Free Rate
Market Risk Premium
Cost of Equity 14.227
Total Debt 23.89
Total Equity 19.17
Total Capital 43.06
Debt Weighting 55.48
Equity Weighting 44.52
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 116.21121.4491.7345.1660.4054.8249.7545.1640.9837.19
Operating Cash Flow -9.311.9923.2610.22-9.222.892.622.382.161.96
Capital Expenditure -0.88-1.43-0.37-0-0.04-0.26-0.24-0.22-0.20-0.18
Free Cash Flow -10.200.5622.8910.22-9.262.622.382.161.961.78
WACC
PV LFCF 1.771.461.200.990.81
SUM PV LFCF 8.37

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.28
Free cash flow (t + 1) 1.82
Terminal Value 21.94
Present Value of Terminal Value 13.45

Intrinsic Value

Enterprise Value 21.82
Net Debt 23.89
Equity Value -2.07
Shares Outstanding 31.43
Equity Value Per Share -0.07