Discounted Cash Flow (DCF) Analysis Levered

Angel Oak Financial Strategies Inco... (FINS)

$12.29

+0.02 (+0.16%)
All numbers are in Millions, Currency in USD
Stock DCF: 94,631.45 | 12.29 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 15.28-2.0617.55-36.73131.73-472.451,694.51-6,077.5721,798.02
Revenue (%)
Operating Cash Flow -302.42-85.54-78.8846.37528.29-1,894.796,795.92-24,374.4687,422.26
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ----528.29-1,894.796,795.92-24,374.4687,422.26

Weighted Average Cost Of Capital

Share price $ 12.29
Beta 0.346
Diluted Shares Outstanding 23.16
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 4.17%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.800
Total Debt 153.26
Total Equity 284.67
Total Capital 437.92
Debt Weighting 35.00
Equity Weighting 65.00
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 15.28-2.0617.55-36.73131.73-472.451,694.51-6,077.5721,798.02
Operating Cash Flow -302.42-85.54-78.8846.37528.29-1,894.796,795.92-24,374.4687,422.26
Capital Expenditure ---------
Free Cash Flow ----528.29-1,894.796,795.92-24,374.4687,422.26
WACC
PV LFCF 528.29-1,800.626,137.18-20,917.8271,295.77
SUM PV LFCF 52,497.21

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.23
Free cash flow (t + 1) 89,170.71
Terminal Value 2,760,703.04
Present Value of Terminal Value 2,139,547.05

Intrinsic Value

Enterprise Value 2,192,044.25
Net Debt 153.25
Equity Value 2,191,891
Shares Outstanding 23.16
Equity Value Per Share 94,631.45