Discounted Cash Flow (DCF) Analysis Levered

Hudson Technologies, Inc. (HDSN)

$7.41

-0.10 (-1.33%)
All numbers are in Millions, Currency in USD
Stock DCF: 8.28 | 7.41 | undervalue

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 140.38166.53162.06147.60192.75210.87230.70252.38276.11302.07
Revenue (%)
Operating Cash Flow 18.3736.3333.8211.69-1.2326.5929.0931.8334.8238.09
Operating Cash Flow (%)
Capital Expenditure -1.02-1.09-1.01-1.47-1.92-1.69-1.85-2.02-2.21-2.42
Capital Expenditure (%)
Free Cash Flow 17.3435.2432.8110.22-3.1524.9027.2529.8132.6135.67

Weighted Average Cost Of Capital

Share price $ 7.41
Beta 1.174
Diluted Shares Outstanding 42.71
Cost of Debt
Tax Rate 3.41
After-tax Cost of Debt 10.96%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.431
Total Debt 100.27
Total Equity 316.48
Total Capital 416.75
Debt Weighting 24.06
Equity Weighting 75.94
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 140.38166.53162.06147.60192.75210.87230.70252.38276.11302.07
Operating Cash Flow 18.3736.3333.8211.69-1.2326.5929.0931.8334.8238.09
Capital Expenditure -1.02-1.09-1.01-1.47-1.92-1.69-1.85-2.02-2.21-2.42
Free Cash Flow 17.3435.2432.8110.22-3.1524.9027.2529.8132.6135.67
WACC
PV LFCF 22.8422.9122.9923.0723.14
SUM PV LFCF 114.96

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.04
Free cash flow (t + 1) 36.39
Terminal Value 516.88
Present Value of Terminal Value 335.32

Intrinsic Value

Enterprise Value 450.27
Net Debt 96.78
Equity Value 353.50
Shares Outstanding 42.71
Equity Value Per Share 8.28