Discounted Cash Flow (DCF) Analysis Levered

Escalade, Incorporated (ESCA)

$15.17

+0.04 (+0.26%)
All numbers are in Millions, Currency in USD
Stock DCF: 4.42 | 15.17 | overvalue

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 175.78180.54273.65313.61313.76367.83431.21505.52592.63694.76
Revenue (%)
Operating Cash Flow 6.5116.042.630.948.5212.1814.2816.7519.6323.01
Operating Cash Flow (%)
Capital Expenditure -2.82-2.18-5.46-9.70-2.11-6.31-7.39-8.67-10.16-11.91
Capital Expenditure (%)
Free Cash Flow 3.6913.85-2.82-8.766.415.886.898.089.4711.10

Weighted Average Cost Of Capital

Share price $ 15.17
Beta 1.248
Diluted Shares Outstanding 13.87
Cost of Debt
Tax Rate 20.45
After-tax Cost of Debt 2.88%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.486
Total Debt 104.52
Total Equity 210.35
Total Capital 314.87
Debt Weighting 33.19
Equity Weighting 66.81
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 175.78180.54273.65313.61313.76367.83431.21505.52592.63694.76
Operating Cash Flow 6.5116.042.630.948.5212.1814.2816.7519.6323.01
Capital Expenditure -2.82-2.18-5.46-9.70-2.11-6.31-7.39-8.67-10.16-11.91
Free Cash Flow 3.6913.85-2.82-8.766.415.886.898.089.4711.10
WACC
PV LFCF 5.455.916.426.977.57
SUM PV LFCF 32.32

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.96
Free cash flow (t + 1) 11.33
Terminal Value 190.04
Present Value of Terminal Value 129.58

Intrinsic Value

Enterprise Value 161.90
Net Debt 100.55
Equity Value 61.35
Shares Outstanding 13.87
Equity Value Per Share 4.42