Discounted Cash Flow (DCF) Analysis Levered

Eltek Ltd. (ELTK)

$3.68

-0.11 (-2.90%)
All numbers are in Millions, Currency in USD
Stock DCF: -1.61 | 3.68 | 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 32.7533.9434.7936.7133.8234.1434.4634.7935.1235.45
Revenue (%)
Operating Cash Flow -3.44-0.812.583.253.871.011.021.031.041.05
Operating Cash Flow (%)
Capital Expenditure -0.27-0.62-0.93-1.14-1.54-0.89-0.89-0.90-0.91-0.92
Capital Expenditure (%)
Free Cash Flow -3.72-1.431.652.112.340.130.130.130.130.13

Weighted Average Cost Of Capital

Share price $ 3.68
Beta -1.719
Diluted Shares Outstanding 4.50
Cost of Debt
Tax Rate -235.49
After-tax Cost of Debt 0.22%
Risk-Free Rate
Market Risk Premium
Cost of Equity -4.415
Total Debt 13.75
Total Equity 16.56
Total Capital 30.31
Debt Weighting 45.35
Equity Weighting 54.65
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 32.7533.9434.7936.7133.8234.1434.4634.7935.1235.45
Operating Cash Flow -3.44-0.812.583.253.871.011.021.031.041.05
Capital Expenditure -0.27-0.62-0.93-1.14-1.54-0.89-0.89-0.90-0.91-0.92
Free Cash Flow -3.72-1.431.652.112.340.130.130.130.130.13
WACC
PV LFCF 0.140.140.150.150.16
SUM PV LFCF 0.68

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -2.31
Free cash flow (t + 1) 0.13
Terminal Value -3.07
Present Value of Terminal Value -3.45

Intrinsic Value

Enterprise Value -2.77
Net Debt 4.46
Equity Value -7.23
Shares Outstanding 4.50
Equity Value Per Share -1.61