Discounted Cash Flow (DCF) Analysis Levered

Creative Media & Community Trust Co... (CMCTP)

$26.8

+0.49 (+1.86%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.22 | 26.8 | 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 236.38197.72139.9977.2190.9374.4260.9049.8440.7933.39
Revenue (%)
Operating Cash Flow -1.1560.1540.9912.8346.2818.8615.4412.6310.348.46
Operating Cash Flow (%)
Capital Expenditure -40.73-34.07-24.12-13.30-15.67-12.82-10.49-8.59-7.03-5.75
Capital Expenditure (%)
Free Cash Flow -41.8826.0816.86-0.4830.616.044.944.043.312.71

Weighted Average Cost Of Capital

Share price $ 26.8
Beta 0.471
Diluted Shares Outstanding 33.79
Cost of Debt
Tax Rate 139.70
After-tax Cost of Debt -1.86%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.025
Total Debt 201.15
Total Equity 905.52
Total Capital 1,106.66
Debt Weighting 18.18
Equity Weighting 81.82
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 236.38197.72139.9977.2190.9374.4260.9049.8440.7933.39
Operating Cash Flow -1.1560.1540.9912.8346.2818.8615.4412.6310.348.46
Capital Expenditure -40.73-34.07-24.12-13.30-15.67-12.82-10.49-8.59-7.03-5.75
Free Cash Flow -41.8826.0816.86-0.4830.616.044.944.043.312.71
WACC
PV LFCF 5.284.133.232.531.98
SUM PV LFCF 18.76

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.59
Free cash flow (t + 1) 2.76
Terminal Value 106.68
Present Value of Terminal Value 85.24

Intrinsic Value

Enterprise Value 103.99
Net Debt 178.83
Equity Value -74.84
Shares Outstanding 33.79
Equity Value Per Share -2.22