Discounted Cash Flow (DCF) Analysis Levered

Hamilton Beach Brands Holding Compa... (HBB)

$11.64

-0.30 (-2.51%)
All numbers are in Millions, Currency in USD
Stock DCF: -6.69 | 11.64 | 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 740.75743.18612.84603.71658.39642.52627.04611.92597.17582.78
Revenue (%)
Operating Cash Flow 33.4411.820.20-34.130.800.780.760.740.720.71
Operating Cash Flow (%)
Capital Expenditure -7.37-8.08-4.12-3.31-5.44-5.31-5.18-5.05-4.93-4.81
Capital Expenditure (%)
Free Cash Flow 26.073.75-3.92-37.44-4.64-4.53-4.42-4.31-4.21-4.11

Weighted Average Cost Of Capital

Share price $ 11.64
Beta 0.689
Diluted Shares Outstanding 13.90
Cost of Debt
Tax Rate 26.42
After-tax Cost of Debt 3.68%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.102
Total Debt -
Total Equity 161.82
Total Capital 161.82
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 740.75743.18612.84603.71658.39642.52627.04611.92597.17582.78
Operating Cash Flow 33.4411.820.20-34.130.800.780.760.740.720.71
Capital Expenditure -7.37-8.08-4.12-3.31-5.44-5.31-5.18-5.05-4.93-4.81
Free Cash Flow 26.073.75-3.92-37.44-4.64-4.53-4.42-4.31-4.21-4.11
WACC
PV LFCF -3.79-3.49-3.21-2.95-2.71
SUM PV LFCF -18.17

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.10
Free cash flow (t + 1) -4.19
Terminal Value -102.14
Present Value of Terminal Value -75.96

Intrinsic Value

Enterprise Value -94.14
Net Debt -1.13
Equity Value -93.01
Shares Outstanding 13.90
Equity Value Per Share -6.69