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
Stock DCF: 21.13 | 11.12 | undervalue

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 161.67269.49284.29222.36307.48375.65458.93560.67684.97836.82
Revenue (%)
Operating Cash Flow 6.91-6.5316.7028.1612.5518.3922.4627.4433.5340.96
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 2.65-12.339.2424.480.988.7510.6913.0615.9519.49

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 161.67269.49284.29222.36307.48375.65458.93560.67684.97836.82
Operating Cash Flow 6.91-6.5316.7028.1612.5518.3922.4627.4433.5340.96
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 2.65-12.339.2424.480.988.7510.6913.0615.9519.49
WACC
PV LFCF 7.918.749.6610.6811.80
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