Discounted Cash Flow (DCF) Analysis Levered

Envela Corporation (ELA)

$4.4

-0.02 (-0.45%)
All numbers are in Millions, Currency in USD
Stock DCF: 17.57 | 4.4 | undervalue

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 54.0682.02113.92140.97182.69248.44337.85459.44624.79849.66
Revenue (%)
Operating Cash Flow 0.38-0.546.902.8110.026.749.1612.4616.9523.04
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 0.18-0.711.03-0.339.752.733.715.046.859.32

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 54.0682.02113.92140.97182.69248.44337.85459.44624.79849.66
Operating Cash Flow 0.38-0.546.902.8110.026.749.1612.4616.9523.04
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 0.18-0.711.03-0.339.752.733.715.046.859.32
WACC
PV LFCF 2.603.384.395.717.42
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