Discounted Cash Flow (DCF) Analysis Levered

Carter Bankshares, Inc. (CARE)

$12.88

-0.23 (-1.75%)
All numbers are in Millions, Currency in USD
Stock DCF: 8,182,882,939,754,390,528.00 | 12.88 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 121.73127.95133.670.07214.70157,972.47116,234,754.7085,524,509,188.9862,928,180,912,883.8046,302,001,502,917,240
Revenue (%)
Operating Cash Flow 38.297.7077.5470.7952,101.5438,335,857.3828,207,186,357.0120,754,599,388,525.5115,271,051,508,867,05811,236,305,255,566,710,784
Operating Cash Flow (%)
Capital Expenditure -8.45-10.12-8.48-5.89-4,342.10-3,194,880.93-2,350,765,259.24-1,729,672,381,868.73-1,272,677,710,733,627.50-936,425,055,043,232,384
Capital Expenditure (%)
Free Cash Flow 29.83-2.4269.0564.9047,759.4435,140,976.4525,856,421,097.7819,024,927,006,656.7713,998,373,798,133,43010,299,880,200,523,479,040

Weighted Average Cost Of Capital

Share price $ 12.88
Beta 0.957
Diluted Shares Outstanding 23.24
Cost of Debt
Tax Rate 18.58
After-tax Cost of Debt 4.37%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.727
Total Debt 393.40
Total Equity 299.34
Total Capital 692.74
Debt Weighting 56.79
Equity Weighting 43.21
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 121.73127.95133.670.07214.70157,972.47116,234,754.7085,524,509,188.9862,928,180,912,883.8046,302,001,502,917,240
Operating Cash Flow 38.297.7077.5470.7952,101.5438,335,857.3828,207,186,357.0120,754,599,388,525.5115,271,051,508,867,05811,236,305,255,566,710,784
Capital Expenditure -8.45-10.12-8.48-5.89-4,342.10-3,194,880.93-2,350,765,259.24-1,729,672,381,868.73-1,272,677,710,733,627.50-936,425,055,043,232,384
Free Cash Flow 29.83-2.4269.0564.9047,759.4435,140,976.4525,856,421,097.7819,024,927,006,656.7713,998,373,798,133,43010,299,880,200,523,479,040
WACC
PV LFCF 29,297,260.2420,288,626,968.8314,050,064,098,660.739,729,800,911,600,7066,737,978,212,384,801,792
SUM PV LFCF 7,617,545,633,527,597,056

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.25
Free cash flow (t + 1) 10,505,877,804,533,948,416
Terminal Value 247,197,124,812,563,513,344
Present Value of Terminal Value 182,557,097,191,800,733,696

Intrinsic Value

Enterprise Value 190,174,642,825,328,328,704
Net Debt 447.93
Equity Value 190,174,642,825,328,328,704
Shares Outstanding 23.24
Equity Value Per Share 8,182,882,939,754,390,528.00