Discounted Cash Flow (DCF) Analysis Levered
Envela Corporation (ELA)
$4.4
-0.02 (-0.45%)
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 | 54.06 | 82.02 | 113.92 | 140.97 | 182.69 | 248.44 | 337.85 | 459.44 | 624.79 | 849.66 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 0.38 | -0.54 | 6.90 | 2.81 | 10.02 | 6.74 | 9.16 | 12.46 | 16.95 | 23.04 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -0.19 | -0.16 | -5.86 | -3.14 | -0.27 | -4.01 | -5.46 | -7.42 | -10.09 | -13.72 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 0.18 | -0.71 | 1.03 | -0.33 | 9.75 | 2.73 | 3.71 | 5.04 | 6.85 | 9.32 |
Weighted Average Cost Of Capital
Share price | $ 4.4 |
---|---|
Beta | 0.081 |
Diluted Shares Outstanding | 26.94 |
Cost of Debt | |
Tax Rate | -9.11 |
After-tax Cost of Debt | 4.36% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 4.738 |
Total Debt | 22.03 |
Total Equity | 118.53 |
Total Capital | 140.57 |
Debt Weighting | 15.67 |
Equity Weighting | 84.33 |
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 | 54.06 | 82.02 | 113.92 | 140.97 | 182.69 | 248.44 | 337.85 | 459.44 | 624.79 | 849.66 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 0.38 | -0.54 | 6.90 | 2.81 | 10.02 | 6.74 | 9.16 | 12.46 | 16.95 | 23.04 |
Capital Expenditure | -0.19 | -0.16 | -5.86 | -3.14 | -0.27 | -4.01 | -5.46 | -7.42 | -10.09 | -13.72 |
Free Cash Flow | 0.18 | -0.71 | 1.03 | -0.33 | 9.75 | 2.73 | 3.71 | 5.04 | 6.85 | 9.32 |
WACC | ||||||||||
PV LFCF | 2.60 | 3.38 | 4.39 | 5.71 | 7.42 | |||||
SUM PV LFCF | 23.50 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.68 |
Free cash flow (t + 1) | 9.60 |
Terminal Value | 571.47 |
Present Value of Terminal Value | 454.65 |
Intrinsic Value
Enterprise Value | 478.15 |
---|---|
Net Debt | 4.86 |
Equity Value | 473.29 |
Shares Outstanding | 26.94 |
Equity Value Per Share | 17.57 |