Discounted Cash Flow (DCF) Analysis Levered

First Community Corporation (FCCO)

$18.25

+0.07 (+0.39%)
All numbers are in Millions, Currency in USD
Stock DCF: 26.83 | 18.25 | undervalue

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 37.8443.8245.7950.4059.0166.0173.8482.6092.40103.37
Revenue (%)
Operating Cash Flow 18.3520.164.99-17.053.2210.1711.3812.7314.2415.93
Operating Cash Flow (%)
Capital Expenditure -3.07-1.47-2.79-1.09-2.91-3.25-3.64-4.07-4.56-5.10
Capital Expenditure (%)
Free Cash Flow 15.2818.692.20-18.130.316.927.748.659.6810.83

Weighted Average Cost Of Capital

Share price $ 18.25
Beta 0.548
Diluted Shares Outstanding 7.56
Cost of Debt
Tax Rate 21.29
After-tax Cost of Debt 11,788,209.25%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.480
Total Debt 0
Total Equity 138.06
Total Capital 138.06
Debt Weighting 0.00
Equity Weighting 100.00
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 37.8443.8245.7950.4059.0166.0173.8482.6092.40103.37
Operating Cash Flow 18.3520.164.99-17.053.2210.1711.3812.7314.2415.93
Capital Expenditure -3.07-1.47-2.79-1.09-2.91-3.25-3.64-4.07-4.56-5.10
Free Cash Flow 15.2818.692.20-18.130.316.927.748.659.6810.83
WACC
PV LFCF 6.486.797.117.457.81
SUM PV LFCF 35.64

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.76
Free cash flow (t + 1) 11.05
Terminal Value 232.06
Present Value of Terminal Value 167.33

Intrinsic Value

Enterprise Value 202.97
Net Debt -0
Equity Value 202.97
Shares Outstanding 7.56
Equity Value Per Share 26.83