Discounted Cash Flow (DCF) Analysis Levered
Core Molding Technologies, Inc. (CMT)
$11.12
-0.07 (-0.58%)
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 | 161.67 | 269.49 | 284.29 | 222.36 | 307.48 | 375.65 | 458.93 | 560.67 | 684.97 | 836.82 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 6.91 | -6.53 | 16.70 | 28.16 | 12.55 | 18.39 | 22.46 | 27.44 | 33.53 | 40.96 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -4.26 | -5.80 | -7.46 | -3.68 | -11.57 | -9.64 | -11.78 | -14.39 | -17.58 | -21.47 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 2.65 | -12.33 | 9.24 | 24.48 | 0.98 | 8.75 | 10.69 | 13.06 | 15.95 | 19.49 |
Weighted Average Cost Of Capital
Share price | $ 11.12 |
---|---|
Beta | 1.979 |
Diluted Shares Outstanding | 8.06 |
Cost of Debt | |
Tax Rate | 47.63 |
After-tax Cost of Debt | 4.80% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 12.180 |
Total Debt | 25.19 |
Total Equity | 89.65 |
Total Capital | 114.84 |
Debt Weighting | 21.94 |
Equity Weighting | 78.06 |
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 | 161.67 | 269.49 | 284.29 | 222.36 | 307.48 | 375.65 | 458.93 | 560.67 | 684.97 | 836.82 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 6.91 | -6.53 | 16.70 | 28.16 | 12.55 | 18.39 | 22.46 | 27.44 | 33.53 | 40.96 |
Capital Expenditure | -4.26 | -5.80 | -7.46 | -3.68 | -11.57 | -9.64 | -11.78 | -14.39 | -17.58 | -21.47 |
Free Cash Flow | 2.65 | -12.33 | 9.24 | 24.48 | 0.98 | 8.75 | 10.69 | 13.06 | 15.95 | 19.49 |
WACC | ||||||||||
PV LFCF | 7.91 | 8.74 | 9.66 | 10.68 | 11.80 | |||||
SUM PV LFCF | 48.79 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 10.56 |
Free cash flow (t + 1) | 19.88 |
Terminal Value | 232.22 |
Present Value of Terminal Value | 140.57 |
Intrinsic Value
Enterprise Value | 189.36 |
---|---|
Net Debt | 19.05 |
Equity Value | 170.32 |
Shares Outstanding | 8.06 |
Equity Value Per Share | 21.13 |