Discounted Cash Flow (DCF) Analysis Levered
FAT Brands Inc. (FATBW)
$3.09
+0.07 (+0.00%)
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 | 18.37 | 22.51 | 18.12 | 118.88 | 407.22 | 1,223.44 | 3,675.60 | 11,042.73 | 33,176.02 | 99,671.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1.84 | 3.07 | -11.48 | 0.68 | -47.40 | -124.31 | -373.46 | -1,122 | -3,370.87 | -10,127.22 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.15 | -0.05 | -0.46 | -10.42 | -23.17 | -44.05 | -132.33 | -397.57 | -1,194.43 | -3,588.46 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1.69 | 3.03 | -11.94 | -9.74 | -70.57 | -168.36 | -505.79 | -1,519.57 | -4,565.30 | -13,715.68 |
Weighted Average Cost Of Capital
| Share price | $ 3.09 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 16.48 |
| Cost of Debt | |
| Tax Rate | -17.52 |
| After-tax Cost of Debt | 8.48% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.255 |
| Total Debt | 1,118.68 |
| Total Equity | 50.91 |
| Total Capital | 1,169.59 |
| Debt Weighting | 95.65 |
| Equity Weighting | 4.35 |
| 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 | 18.37 | 22.51 | 18.12 | 118.88 | 407.22 | 1,223.44 | 3,675.60 | 11,042.73 | 33,176.02 | 99,671.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.84 | 3.07 | -11.48 | 0.68 | -47.40 | -124.31 | -373.46 | -1,122 | -3,370.87 | -10,127.22 |
| Capital Expenditure | -0.15 | -0.05 | -0.46 | -10.42 | -23.17 | -44.05 | -132.33 | -397.57 | -1,194.43 | -3,588.46 |
| Free Cash Flow | 1.69 | 3.03 | -11.94 | -9.74 | -70.57 | -168.36 | -505.79 | -1,519.57 | -4,565.30 | -13,715.68 |
| WACC | ||||||||||
| PV LFCF | -155.45 | -431.24 | -1,196.29 | -3,318.61 | -9,206.08 | |||||
| SUM PV LFCF | -14,307.67 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.30 |
| Free cash flow (t + 1) | -13,989.99 |
| Terminal Value | -222,063.34 |
| Present Value of Terminal Value | -149,050.89 |
Intrinsic Value
| Enterprise Value | -163,358.56 |
|---|---|
| Net Debt | 1,090.01 |
| Equity Value | -164,448.57 |
| Shares Outstanding | 16.48 |
| Equity Value Per Share | -9,981.04 |