Discounted Cash Flow (DCF) Analysis Levered

Heidrick & Struggles International,... (HSII)

$30.08

+0.38 (+1.28%)
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 640.06735.66725.61629.371,008.471,161.111,336.861,539.201,772.172,040.40
Revenue (%)
Operating Cash Flow 66.97102.9078.6423.35271.40153.06176.23202.90233.61268.97
Operating Cash Flow (%)
Capital Expenditure -14.02-5.96-3.35-7.32-6.24-12.18-14.02-16.15-18.59-21.40
Capital Expenditure (%)
Free Cash Flow 52.9596.9475.2916.03265.16140.88162.21186.76215.02247.57

Weighted Average Cost Of Capital

Share price $ 30.08
Beta 0.804
Diluted Shares Outstanding 19.30
Cost of Debt
Tax Rate 31.55
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.325
Total Debt 84.96
Total Equity 580.57
Total Capital 665.53
Debt Weighting 12.77
Equity Weighting 87.23
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 640.06735.66725.61629.371,008.471,161.111,336.861,539.201,772.172,040.40
Operating Cash Flow 66.97102.9078.6423.35271.40153.06176.23202.90233.61268.97
Capital Expenditure -14.02-5.96-3.35-7.32-6.24-12.18-14.02-16.15-18.59-21.40
Free Cash Flow 52.9596.9475.2916.03265.16140.88162.21186.76215.02247.57
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 252.52
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -460.27
Equity Value -
Shares Outstanding 19.30
Equity Value Per Share -