Discounted Cash Flow (DCF) Analysis Levered

First Seacoast Bancorp, Inc. (FSEA)

$10.56

-0.05 (-0.47%)
All numbers are in Millions, Currency in USD
Stock DCF: 6.52 | 10.56 | overvalue

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 12.4412.5012.9814.5015.4916.3817.3218.3119.3520.46
Revenue (%)
Operating Cash Flow 3.36-0.671.061.422.421.811.912.022.142.26
Operating Cash Flow (%)
Capital Expenditure -1.40-0.18-0.29-0.32-0.04-0.57-0.60-0.63-0.67-0.71
Capital Expenditure (%)
Free Cash Flow 1.97-0.850.771.112.391.241.311.391.471.55

Weighted Average Cost Of Capital

Share price $ 10.56
Beta 0.534
Diluted Shares Outstanding 5.87
Cost of Debt
Tax Rate 18.65
After-tax Cost of Debt 4.07%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.484
Total Debt -
Total Equity 61.94
Total Capital 61.94
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 12.4412.5012.9814.5015.4916.3817.3218.3119.3520.46
Operating Cash Flow 3.36-0.671.061.422.421.811.912.022.142.26
Capital Expenditure -1.40-0.18-0.29-0.32-0.04-0.57-0.60-0.63-0.67-0.71
Free Cash Flow 1.97-0.850.771.112.391.241.311.391.471.55
WACC
PV LFCF 1.031.021.021.011
SUM PV LFCF 5.76

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.48
Free cash flow (t + 1) 1.58
Terminal Value 35.36
Present Value of Terminal Value 25.83

Intrinsic Value

Enterprise Value 31.59
Net Debt -6.64
Equity Value 38.23
Shares Outstanding 5.87
Equity Value Per Share 6.52