Discounted Cash Flow (DCF) Analysis Levered

Community Healthcare Trust Incorpor... (CHCT)

$26.96

-0.19 (-0.70%)
All numbers are in Millions, Currency in USD
Stock DCF: 84.58 | 26.96 | 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 60.8575.6890.5897.68112.85131.87154.09180.07210.42245.89
Revenue (%)
Operating Cash Flow 32.3648.3756.3560.2861.3877.9191.04106.39124.32145.28
Operating Cash Flow (%)
Capital Expenditure -4.37-6.99-7.22-10.38-18.98-13.67-15.98-18.67-21.82-25.49
Capital Expenditure (%)
Free Cash Flow 27.9941.3849.1349.9042.4064.2475.0787.72102.51119.78

Weighted Average Cost Of Capital

Share price $ 26.96
Beta 0.652
Diluted Shares Outstanding 25.20
Cost of Debt
Tax Rate 3.82
After-tax Cost of Debt 4.20%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.362
Total Debt 407.31
Total Equity 679.45
Total Capital 1,086.75
Debt Weighting 37.48
Equity Weighting 62.52
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 60.8575.6890.5897.68112.85131.87154.09180.07210.42245.89
Operating Cash Flow 32.3648.3756.3560.2861.3877.9191.04106.39124.32145.28
Capital Expenditure -4.37-6.99-7.22-10.38-18.98-13.67-15.98-18.67-21.82-25.49
Free Cash Flow 27.9941.3849.1349.9042.4064.2475.0787.72102.51119.78
WACC
PV LFCF 60.5066.5873.2880.6488.75
SUM PV LFCF 369.76

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.18
Free cash flow (t + 1) 122.18
Terminal Value 2,922.97
Present Value of Terminal Value 2,165.76

Intrinsic Value

Enterprise Value 2,535.52
Net Debt 403.82
Equity Value 2,131.70
Shares Outstanding 25.20
Equity Value Per Share 84.58