Discounted Cash Flow (DCF) Analysis Levered

First Guaranty Bancshares, Inc. (FGBI)

$11.8592

-0.16 (-1.34%)
All numbers are in Millions, Currency in USD
Stock DCF: Infinity | 11.8592 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 69.9898.45100.381.75193.595,471.93154,670.124,371,924.53123,577,352.343,493,052,523.79
Revenue (%)
Operating Cash Flow 29.0823.7626.5236.861,064.0830,077.53850,175.0724,031,152.18679,267,480.5919,200,257,511.07
Operating Cash Flow (%)
Capital Expenditure -11.93-6.31-2.20-2.64-85.51-2,417.08-68,321.60-1,931,186.61-54,587,156.53-1,542,967,228.85
Capital Expenditure (%)
Free Cash Flow 17.1417.4524.3234.22978.5727,660.44781,853.4722,099,965.57624,680,324.0617,657,290,282.22

Weighted Average Cost Of Capital

Share price $ 11.8,592
Beta 0.449
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 22.50
After-tax Cost of Debt 3.22%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.274
Total Debt 275.40
Total Equity -
Total Capital 275.40
Debt Weighting 100.00
Equity Weighting 0.00
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 69.9898.45100.381.75193.595,471.93154,670.124,371,924.53123,577,352.343,493,052,523.79
Operating Cash Flow 29.0823.7626.5236.861,064.0830,077.53850,175.0724,031,152.18679,267,480.5919,200,257,511.07
Capital Expenditure -11.93-6.31-2.20-2.64-85.51-2,417.08-68,321.60-1,931,186.61-54,587,156.53-1,542,967,228.85
Free Cash Flow 17.1417.4524.3234.22978.5727,660.44781,853.4722,099,965.57624,680,324.0617,657,290,282.22
WACC
PV LFCF 26,797.56733,833.7120,095,556.29550,303,668.5315,069,706,122.03
SUM PV LFCF 15,640,865,978.12

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.22
Free cash flow (t + 1) 18,010,436,087.87
Terminal Value 1,476,265,253,103.75
Present Value of Terminal Value 1,259,926,249,546.90

Intrinsic Value

Enterprise Value 1,275,567,115,525.02
Net Debt 561.51
Equity Value 1,275,567,114,963.51
Shares Outstanding -
Equity Value Per Share Infinity