Discounted Cash Flow (DCF) Analysis Levered
The Dixie Group, Inc. (DXYN)
$1.217
+0.04 (+3.14%)
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 | 405.03 | 374.58 | 315.94 | 341.25 | 303.57 | 283.68 | 265.10 | 247.73 | 231.50 | 216.34 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 5.10 | 11.69 | 13.55 | -15.41 | -18.34 | -1.07 | -1 | -0.94 | -0.87 | -0.82 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -4.05 | -4.24 | -1.76 | -4.38 | -4.58 | -3.11 | -2.90 | -2.71 | -2.54 | -2.37 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1.05 | 7.45 | 11.79 | -19.79 | -22.92 | -4.18 | -3.91 | -3.65 | -3.41 | -3.19 |
Weighted Average Cost Of Capital
| Share price | $ 1.217 |
|---|---|
| Beta | 2.330 |
| Diluted Shares Outstanding | 15.25 |
| Cost of Debt | |
| Tax Rate | -4.71 |
| After-tax Cost of Debt | 4.42% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 14.692 |
| Total Debt | 120.87 |
| Total Equity | 18.56 |
| Total Capital | 139.43 |
| Debt Weighting | 86.69 |
| Equity Weighting | 13.31 |
| 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 | 405.03 | 374.58 | 315.94 | 341.25 | 303.57 | 283.68 | 265.10 | 247.73 | 231.50 | 216.34 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.10 | 11.69 | 13.55 | -15.41 | -18.34 | -1.07 | -1 | -0.94 | -0.87 | -0.82 |
| Capital Expenditure | -4.05 | -4.24 | -1.76 | -4.38 | -4.58 | -3.11 | -2.90 | -2.71 | -2.54 | -2.37 |
| Free Cash Flow | 1.05 | 7.45 | 11.79 | -19.79 | -22.92 | -4.18 | -3.91 | -3.65 | -3.41 | -3.19 |
| WACC | ||||||||||
| PV LFCF | -3.95 | -3.49 | -3.08 | -2.72 | -2.41 | |||||
| SUM PV LFCF | -15.65 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.79 |
| Free cash flow (t + 1) | -3.25 |
| Terminal Value | -85.80 |
| Present Value of Terminal Value | -64.75 |
Intrinsic Value
| Enterprise Value | -80.40 |
|---|---|
| Net Debt | 120.51 |
| Equity Value | -200.92 |
| Shares Outstanding | 15.25 |
| Equity Value Per Share | -13.17 |