Discounted Cash Flow (DCF) Analysis Levered
CF Bankshares Inc. (CFBK)
$20.5
0.00 (0.00%)
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 | 14.25 | 20.49 | 33.19 | 87.50 | 53.33 | 84.04 | 132.45 | 208.74 | 328.96 | 518.43 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 3.95 | -11.81 | -103.54 | -123.47 | -64.39 | -101.48 | -159.93 | -252.04 | -397.21 | -626 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.31 | -0.61 | -0.44 | -0.38 | -0.93 | -1.46 | -2.30 | -3.63 | -5.72 | -9.01 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 3.64 | -12.42 | -103.98 | -123.85 | -65.32 | -102.94 | -162.23 | -255.67 | -402.93 | -635.01 |
Weighted Average Cost Of Capital
| Share price | $ 20.5 |
|---|---|
| Beta | 0.655 |
| Diluted Shares Outstanding | 6.59 |
| Cost of Debt | |
| Tax Rate | 19.13 |
| After-tax Cost of Debt | 7.82% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.589 |
| Total Debt | 106.64 |
| Total Equity | 135 |
| Total Capital | 241.64 |
| Debt Weighting | 44.13 |
| Equity Weighting | 55.87 |
| 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 | 14.25 | 20.49 | 33.19 | 87.50 | 53.33 | 84.04 | 132.45 | 208.74 | 328.96 | 518.43 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3.95 | -11.81 | -103.54 | -123.47 | -64.39 | -101.48 | -159.93 | -252.04 | -397.21 | -626 |
| Capital Expenditure | -0.31 | -0.61 | -0.44 | -0.38 | -0.93 | -1.46 | -2.30 | -3.63 | -5.72 | -9.01 |
| Free Cash Flow | 3.64 | -12.42 | -103.98 | -123.85 | -65.32 | -102.94 | -162.23 | -255.67 | -402.93 | -635.01 |
| WACC | ||||||||||
| PV LFCF | -96.09 | -141.35 | -207.94 | -305.90 | -450.01 | |||||
| SUM PV LFCF | -1,201.30 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.13 |
| Free cash flow (t + 1) | -647.71 |
| Terminal Value | -12,625.84 |
| Present Value of Terminal Value | -8,947.56 |
Intrinsic Value
| Enterprise Value | -10,148.86 |
|---|---|
| Net Debt | -60.05 |
| Equity Value | -10,088.81 |
| Shares Outstanding | 6.59 |
| Equity Value Per Share | -1,531.97 |