Discounted Cash Flow (DCF) Analysis Levered

Crombie Real Estate Investment Trus... (CRR-UN.TO)

$12.44

-0.14 (-1.11%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -2.20 | 12.44 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 414.65398.74388.73408.89419.59421.12422.65424.19425.73427.28
Revenue (%)
Operating Cash Flow 54.27-35.87-73.90224.84233.5580.6380.9281.2281.5181.81
Operating Cash Flow (%)
Capital Expenditure -4.25-1.52-1.40-0.19-0.26-1.58-1.58-1.59-1.60-1.60
Capital Expenditure (%)
Free Cash Flow 50.02-37.39-75.30224.65233.2979.0579.3479.6379.9280.21

Weighted Average Cost Of Capital

Share price $ 12.44
Beta 0.861
Diluted Shares Outstanding 176.32
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 4.02%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.689
Total Debt 2,080.97
Total Equity 2,193.48
Total Capital 4,274.46
Debt Weighting 48.68
Equity Weighting 51.32
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 414.65398.74388.73408.89419.59421.12422.65424.19425.73427.28
Operating Cash Flow 54.27-35.87-73.90224.84233.5580.6380.9281.2281.5181.81
Capital Expenditure -4.25-1.52-1.40-0.19-0.26-1.58-1.58-1.59-1.60-1.60
Free Cash Flow 50.02-37.39-75.30224.65233.2979.0579.3479.6379.9280.21
WACC
PV LFCF 74.2870.0566.0762.3158.76
SUM PV LFCF 331.48

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.42
Free cash flow (t + 1) 81.81
Terminal Value 1,850.95
Present Value of Terminal Value 1,356.06

Intrinsic Value

Enterprise Value 1,687.53
Net Debt 2,074.86
Equity Value -387.32
Shares Outstanding 176.32
Equity Value Per Share -2.20