Discounted Cash Flow (DCF) Analysis Levered
Hill International, Inc. (HIL)
$3.4
0.00 (0.00%)
All numbers are in Millions, Currency in USD
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 | 483.74 | 428.68 | 376.44 | 368.52 | 377.44 | 355.50 | 334.83 | 315.37 | 297.04 | 279.77 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -11.95 | -25.90 | 9.98 | 12.28 | -12.66 | -4.18 | -3.94 | -3.71 | -3.50 | -3.29 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.88 | -2.33 | -3.94 | -2.89 | -1.70 | -2.28 | -2.15 | -2.03 | -1.91 | -1.80 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -13.84 | -28.22 | 6.04 | 9.39 | -14.36 | -6.47 | -6.09 | -5.74 | -5.40 | -5.09 |
Weighted Average Cost Of Capital
| Share price | $ 3.4 |
|---|---|
| Beta | 1.197 |
| Diluted Shares Outstanding | 56.60 |
| Cost of Debt | |
| Tax Rate | 213.98 |
| After-tax Cost of Debt | -5.70% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.167 |
| Total Debt | 74.28 |
| Total Equity | 192.45 |
| Total Capital | 266.73 |
| Debt Weighting | 27.85 |
| Equity Weighting | 72.15 |
| 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 | 483.74 | 428.68 | 376.44 | 368.52 | 377.44 | 355.50 | 334.83 | 315.37 | 297.04 | 279.77 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -11.95 | -25.90 | 9.98 | 12.28 | -12.66 | -4.18 | -3.94 | -3.71 | -3.50 | -3.29 |
| Capital Expenditure | -1.88 | -2.33 | -3.94 | -2.89 | -1.70 | -2.28 | -2.15 | -2.03 | -1.91 | -1.80 |
| Free Cash Flow | -13.84 | -28.22 | 6.04 | 9.39 | -14.36 | -6.47 | -6.09 | -5.74 | -5.40 | -5.09 |
| WACC | ||||||||||
| PV LFCF | -6.16 | -5.52 | -4.95 | -4.44 | -3.98 | |||||
| SUM PV LFCF | -25.06 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.03 |
| Free cash flow (t + 1) | -5.19 |
| Terminal Value | -171.35 |
| Present Value of Terminal Value | -134.07 |
Intrinsic Value
| Enterprise Value | -159.12 |
|---|---|
| Net Debt | 52.46 |
| Equity Value | -211.58 |
| Shares Outstanding | 56.60 |
| Equity Value Per Share | -3.74 |