Discounted Cash Flow (DCF) Analysis Levered
The Gorman-Rupp Company (GRC)
$26.5372
+0.65 (+2.50%)
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 | 414.33 | 398.18 | 348.97 | 378.32 | 521.03 | 559.94 | 601.76 | 646.70 | 695 | 746.91 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 41.21 | 62.17 | 51.16 | 45.44 | 13.68 | 61.44 | 66.02 | 70.95 | 76.25 | 81.95 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -10.95 | -10.91 | -8 | -9.75 | -17.99 | -15.35 | -16.49 | -17.73 | -19.05 | -20.47 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 30.26 | 51.26 | 43.16 | 35.69 | -4.30 | 46.09 | 49.53 | 53.23 | 57.21 | 61.48 |
Weighted Average Cost Of Capital
Share price | $ 26.5,372 |
---|---|
Beta | 0.799 |
Diluted Shares Outstanding | 26.17 |
Cost of Debt | |
Tax Rate | 19.30 |
After-tax Cost of Debt | 3.55% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.478 |
Total Debt | 436.83 |
Total Equity | 694.53 |
Total Capital | 1,131.36 |
Debt Weighting | 38.61 |
Equity Weighting | 61.39 |
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 | 414.33 | 398.18 | 348.97 | 378.32 | 521.03 | 559.94 | 601.76 | 646.70 | 695 | 746.91 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 41.21 | 62.17 | 51.16 | 45.44 | 13.68 | 61.44 | 66.02 | 70.95 | 76.25 | 81.95 |
Capital Expenditure | -10.95 | -10.91 | -8 | -9.75 | -17.99 | -15.35 | -16.49 | -17.73 | -19.05 | -20.47 |
Free Cash Flow | 30.26 | 51.26 | 43.16 | 35.69 | -4.30 | 46.09 | 49.53 | 53.23 | 57.21 | 61.48 |
WACC | ||||||||||
PV LFCF | 43.50 | 44.12 | 44.74 | 45.38 | 46.03 | |||||
SUM PV LFCF | 223.76 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.96 |
Free cash flow (t + 1) | 62.71 |
Terminal Value | 1,583.52 |
Present Value of Terminal Value | 1,185.53 |
Intrinsic Value
Enterprise Value | 1,409.29 |
---|---|
Net Debt | 430.04 |
Equity Value | 979.25 |
Shares Outstanding | 26.17 |
Equity Value Per Share | 37.42 |