Discounted Cash Flow (DCF) Analysis Levered

DATA Communications Management Corp... (DCM.TO)

$1.31

-0.01 (-0.76%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.02 | 1.31 | 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 289.53322.77282.88259.31235.33224.47214.11204.23194.81185.82
Revenue (%)
Operating Cash Flow 3.9117.26-0.8147.6326.9416.2715.5114.8014.1213.46
Operating Cash Flow (%)
Capital Expenditure -5.77-7.80-4.91-0.84-3.22-3.52-3.36-3.20-3.06-2.91
Capital Expenditure (%)
Free Cash Flow -1.879.46-5.7346.8023.7212.7412.1611.6011.0610.55

Weighted Average Cost Of Capital

Share price $ 1.31
Beta 3.813
Diluted Shares Outstanding 107.49
Cost of Debt
Tax Rate 40.81
After-tax Cost of Debt 4.58%
Risk-Free Rate
Market Risk Premium
Cost of Equity 21.825
Total Debt 75.40
Total Equity 140.81
Total Capital 216.20
Debt Weighting 34.87
Equity Weighting 65.13
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 289.53322.77282.88259.31235.33224.47214.11204.23194.81185.82
Operating Cash Flow 3.9117.26-0.8147.6326.9416.2715.5114.8014.1213.46
Capital Expenditure -5.77-7.80-4.91-0.84-3.22-3.52-3.36-3.20-3.06-2.91
Free Cash Flow -1.879.46-5.7346.8023.7212.7412.1611.6011.0610.55
WACC
PV LFCF 11.019.067.476.155.06
SUM PV LFCF 38.75

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 15.81
Free cash flow (t + 1) 10.76
Terminal Value 77.93
Present Value of Terminal Value 37.41

Intrinsic Value

Enterprise Value 76.16
Net Debt 74.50
Equity Value 1.66
Shares Outstanding 107.49
Equity Value Per Share 0.02