Discounted Cash Flow (DCF) Analysis Levered
Community Healthcare Trust Incorpor... (CHCT)
$32.79
+0.33 (+1.02%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 60.85 | 75.68 | 90.58 | 94.10 | 109.14 | 126.59 | 146.82 | 170.29 | 197.51 | 229.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 32.36 | 48.37 | 56.35 | 60.28 | 66.40 | 77.02 | 89.33 | 103.61 | 120.17 | 139.37 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -150 | -6.99 | -7.22 | -10.38 | -74.97 | -86.95 | -100.85 | -116.97 | -135.67 | -157.35 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -117.64 | 41.38 | 49.13 | 49.90 | -8.57 | -9.93 | -11.52 | -13.36 | -15.50 | -17.98 |
Weighted Average Cost Of Capital
| Share price | $ 32.79 |
|---|---|
| Beta | 0.733 |
| Diluted Shares Outstanding | 23.63 |
| Cost of Debt | |
| Tax Rate | 34.98 |
| After-tax Cost of Debt | 3.25% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.117 |
| Total Debt | - |
| Total Equity | 774.86 |
| Total Capital | 774.86 |
| Debt Weighting | 0.00 |
| Equity Weighting | 100.00 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 60.85 | 75.68 | 90.58 | 94.10 | 109.14 | 126.59 | 146.82 | 170.29 | 197.51 | 229.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 32.36 | 48.37 | 56.35 | 60.28 | 66.40 | 77.02 | 89.33 | 103.61 | 120.17 | 139.37 |
| Capital Expenditure | -150 | -6.99 | -7.22 | -10.38 | -74.97 | -86.95 | -100.85 | -116.97 | -135.67 | -157.35 |
| Free Cash Flow | -117.64 | 41.38 | 49.13 | 49.90 | -8.57 | -9.93 | -11.52 | -13.36 | -15.50 | -17.98 |
| WACC | ||||||||||
| PV LFCF | -8.57 | -9.27 | -10.04 | -10.87 | -11.77 | -12.75 | ||||
| SUM PV LFCF | -54.71 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.12 |
| Free cash flow (t + 1) | -18.34 |
| Terminal Value | -358.15 |
| Present Value of Terminal Value | -253.93 |
Intrinsic Value
| Enterprise Value | -308.63 |
|---|---|
| Net Debt | -3.67 |
| Equity Value | -304.97 |
| Shares Outstanding | 23.63 |
| Equity Value Per Share | -12.91 |