Discounted Cash Flow (DCF) Analysis Levered
Calavo Growers, Inc. (CVGW)
$32.27
-0.75 (-2.27%)
All numbers are in Millions, Currency in USD
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 | 1,088.76 | 1,195.78 | 1,059.37 | 1,055.83 | 1,191.07 | 1,223.52 | 1,256.85 | 1,291.09 | 1,326.27 | 1,362.40 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 48.43 | 72.10 | 28.88 | 13.57 | 50.23 | 45.77 | 47.02 | 48.30 | 49.62 | 50.97 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -15 | -16.72 | -11.34 | -11.44 | -9.77 | -14.07 | -14.46 | -14.85 | -15.25 | -15.67 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 33.42 | 55.38 | 17.53 | 2.13 | 40.46 | 31.70 | 32.57 | 33.45 | 34.36 | 35.30 |
Weighted Average Cost Of Capital
Share price | $ 32.27 |
---|---|
Beta | 0.698 |
Diluted Shares Outstanding | 17.66 |
Cost of Debt | |
Tax Rate | -124.22 |
After-tax Cost of Debt | 2.54% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.077 |
Total Debt | 66.29 |
Total Equity | 569.99 |
Total Capital | 636.27 |
Debt Weighting | 10.42 |
Equity Weighting | 89.58 |
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 | 1,088.76 | 1,195.78 | 1,059.37 | 1,055.83 | 1,191.07 | 1,223.52 | 1,256.85 | 1,291.09 | 1,326.27 | 1,362.40 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 48.43 | 72.10 | 28.88 | 13.57 | 50.23 | 45.77 | 47.02 | 48.30 | 49.62 | 50.97 |
Capital Expenditure | -15 | -16.72 | -11.34 | -11.44 | -9.77 | -14.07 | -14.46 | -14.85 | -15.25 | -15.67 |
Free Cash Flow | 33.42 | 55.38 | 17.53 | 2.13 | 40.46 | 31.70 | 32.57 | 33.45 | 34.36 | 35.30 |
WACC | ||||||||||
PV LFCF | 29.74 | 28.66 | 27.62 | 26.61 | 25.64 | |||||
SUM PV LFCF | 138.27 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.60 |
Free cash flow (t + 1) | 36.01 |
Terminal Value | 782.76 |
Present Value of Terminal Value | 568.65 |
Intrinsic Value
Enterprise Value | 706.92 |
---|---|
Net Debt | 64.23 |
Equity Value | 642.69 |
Shares Outstanding | 17.66 |
Equity Value Per Share | 36.39 |