Discounted Cash Flow (DCF) Analysis Levered

Hollysys Automation Technologies Lt... (HOLI)

$25.8

+0.04 (+0.16%)
All numbers are in Millions, Currency in USD
Stock DCF: 53.87 | 25.8 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 570.34503.33593.47707.46777.37845.88920.421,001.531,089.791,185.82
Revenue (%)
Operating Cash Flow 100.52175.1279.2854.5323.18129.36140.76153.17166.66181.35
Operating Cash Flow (%)
Capital Expenditure -10.59-8.10-18.13-26.37-40.92-26.24-28.55-31.07-33.81-36.79
Capital Expenditure (%)
Free Cash Flow 89.93167.0361.1528.16-17.74103.12112.21122.10132.86144.56

Weighted Average Cost Of Capital

Share price $ 25.8
Beta 0.543
Diluted Shares Outstanding 62.03
Cost of Debt
Tax Rate 9.73
After-tax Cost of Debt 3.80%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.773
Total Debt 35
Total Equity 1,600.49
Total Capital 1,635.48
Debt Weighting 2.14
Equity Weighting 97.86
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 570.34503.33593.47707.46777.37845.88920.421,001.531,089.791,185.82
Operating Cash Flow 100.52175.1279.2854.5323.18129.36140.76153.17166.66181.35
Capital Expenditure -10.59-8.10-18.13-26.37-40.92-26.24-28.55-31.07-33.81-36.79
Free Cash Flow 89.93167.0361.1528.16-17.74103.12112.21122.10132.86144.56
WACC
PV LFCF 96.6498.54100.48102.46104.48
SUM PV LFCF 502.60

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.71
Free cash flow (t + 1) 147.45
Terminal Value 3,130.67
Present Value of Terminal Value 2,262.62

Intrinsic Value

Enterprise Value 2,765.22
Net Debt -576.64
Equity Value 3,341.86
Shares Outstanding 62.03
Equity Value Per Share 53.87