Discounted Cash Flow (DCF) Analysis Levered

FinWise Bancorp (FINW)

$9.23

+0.43 (+4.89%)
All numbers are in Millions, Currency in USD
Stock DCF: 45.53 | 9.23 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 33.8142.0779.82125.39196.96309.39486763.43
Revenue (%)
Operating Cash Flow -7.8919.59-9.234.877.6512.0218.8729.65
Operating Cash Flow (%)
Capital Expenditure -0.54-0.59-2.33-2.48-3.89-6.11-9.60-15.09
Capital Expenditure (%)
Free Cash Flow -8.4318.99-11.572.393.765.909.2714.56

Weighted Average Cost Of Capital

Share price $ 9.23
Beta 0.000
Diluted Shares Outstanding 12.25
Cost of Debt
Tax Rate 25.29
After-tax Cost of Debt 90.02%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.878
Total Debt 1.05
Total Equity 113.04
Total Capital 114.09
Debt Weighting 0.92
Equity Weighting 99.08
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 33.8142.0779.82125.39196.96309.39486763.43
Operating Cash Flow -7.8919.59-9.234.877.6512.0218.8729.65
Capital Expenditure -0.54-0.59-2.33-2.48-3.89-6.11-9.60-15.09
Free Cash Flow -8.4318.99-11.572.393.765.909.2714.56
WACC
PV LFCF 2.283.435.157.7211.59
SUM PV LFCF 30.17

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.67
Free cash flow (t + 1) 14.85
Terminal Value 556.27
Present Value of Terminal Value 442.76

Intrinsic Value

Enterprise Value 472.94
Net Debt -84.70
Equity Value 557.64
Shares Outstanding 12.25
Equity Value Per Share 45.53