Discounted Cash Flow (DCF) Analysis Levered
ENGlobal Corporation (ENG)
$1.26
+0.01 (+0.80%)
All numbers are in Millions, Currency in USD
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 | 55.77 | 54 | 56.45 | 64.45 | 36.41 | 33.86 | 31.50 | 29.30 | 27.25 | 25.34 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -5.10 | -3.43 | 2.67 | -0.52 | -13.66 | -3.33 | -3.09 | -2.88 | -2.68 | -2.49 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.71 | -0.11 | -0.35 | -0.43 | -0.24 | -0.23 | -0.21 | -0.20 | -0.19 | -0.17 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -5.82 | -3.53 | 2.32 | -0.95 | -13.90 | -3.56 | -3.31 | -3.08 | -2.86 | -2.66 |
Weighted Average Cost Of Capital
| Share price | $ 1.26 |
|---|---|
| Beta | 1.854 |
| Diluted Shares Outstanding | 27.47 |
| Cost of Debt | |
| Tax Rate | -1.07 |
| After-tax Cost of Debt | -20.48% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.716 |
| Total Debt | 1.03 |
| Total Equity | 34.62 |
| Total Capital | 35.65 |
| Debt Weighting | 2.90 |
| Equity Weighting | 97.10 |
| 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 | 55.77 | 54 | 56.45 | 64.45 | 36.41 | 33.86 | 31.50 | 29.30 | 27.25 | 25.34 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.10 | -3.43 | 2.67 | -0.52 | -13.66 | -3.33 | -3.09 | -2.88 | -2.68 | -2.49 |
| Capital Expenditure | -0.71 | -0.11 | -0.35 | -0.43 | -0.24 | -0.23 | -0.21 | -0.20 | -0.19 | -0.17 |
| Free Cash Flow | -5.82 | -3.53 | 2.32 | -0.95 | -13.90 | -3.56 | -3.31 | -3.08 | -2.86 | -2.66 |
| WACC | ||||||||||
| PV LFCF | -3.18 | -2.65 | -2.21 | -1.84 | -1.53 | |||||
| SUM PV LFCF | -11.40 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.75 |
| Free cash flow (t + 1) | -2.72 |
| Terminal Value | -27.85 |
| Present Value of Terminal Value | -15.98 |
Intrinsic Value
| Enterprise Value | -27.38 |
|---|---|
| Net Debt | -18.17 |
| Equity Value | -9.22 |
| Shares Outstanding | 27.47 |
| Equity Value Per Share | -0.34 |