Discounted Cash Flow (DCF) Analysis Levered
North American Financial 15 Split C... (FFN.TO)
$4.31
-0.14 (-3.15%)
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 | -10.98 | 39.03 | -38.12 | 89.90 | -3.82 | 6.61 | -11.46 | 19.85 | -34.40 | 59.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -38.96 | 30.58 | 45.86 | -241.64 | -187.39 | 65.52 | -113.52 | 196.69 | -340.80 | 590.50 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | 65.52 | -113.52 | 196.69 | -340.80 | 590.50 |
Weighted Average Cost Of Capital
| Share price | $ 4.31 |
|---|---|
| Beta | 2.945 |
| Diluted Shares Outstanding | 25.73 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 17.380 |
| Total Debt | - |
| Total Equity | 110.88 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | -10.98 | 39.03 | -38.12 | 89.90 | -3.82 | 6.61 | -11.46 | 19.85 | -34.40 | 59.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -38.96 | 30.58 | 45.86 | -241.64 | -187.39 | 65.52 | -113.52 | 196.69 | -340.80 | 590.50 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | 65.52 | -113.52 | 196.69 | -340.80 | 590.50 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 602.31 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -90.59 |
| Equity Value | - |
| Shares Outstanding | 25.73 |
| Equity Value Per Share | - |