Discounted Cash Flow (DCF) Analysis Levered
Escalade, Incorporated (ESCA)
$15.17
+0.04 (+0.26%)
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 | 175.78 | 180.54 | 273.65 | 313.61 | 313.76 | 367.83 | 431.21 | 505.52 | 592.63 | 694.76 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 6.51 | 16.04 | 2.63 | 0.94 | 8.52 | 12.18 | 14.28 | 16.75 | 19.63 | 23.01 |
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 | 3.69 | 13.85 | -2.82 | -8.76 | 6.41 | 5.88 | 6.89 | 8.08 | 9.47 | 11.10 |
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 | 175.78 | 180.54 | 273.65 | 313.61 | 313.76 | 367.83 | 431.21 | 505.52 | 592.63 | 694.76 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 6.51 | 16.04 | 2.63 | 0.94 | 8.52 | 12.18 | 14.28 | 16.75 | 19.63 | 23.01 |
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 | 3.69 | 13.85 | -2.82 | -8.76 | 6.41 | 5.88 | 6.89 | 8.08 | 9.47 | 11.10 |
WACC | ||||||||||
PV LFCF | 5.45 | 5.91 | 6.42 | 6.97 | 7.57 | |||||
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 |