Discounted Cash Flow (DCF) Analysis Levered
IDT Corporation (IDT)
$29.509
+0.35 (+1.20%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 1,547.49 | 1,409.17 | 1,345.77 | 1,446.99 | 1,364.06 | 1,324.34 | 1,285.77 | 1,248.33 | 1,211.98 | 1,176.69 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 6.89 | 85.14 | -29.59 | 66.62 | 29.41 | 29.26 | 28.41 | 27.58 | 26.78 | 26 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -20.57 | -18.68 | -16.04 | -16.76 | -21.88 | -17.51 | -17 | -16.50 | -16.02 | -15.55 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -13.67 | 66.46 | -45.63 | 49.85 | 7.53 | 11.76 | 11.41 | 11.08 | 10.76 | 10.45 |
Weighted Average Cost Of Capital
Share price | $ 29.509 |
---|---|
Beta | 1.129 |
Diluted Shares Outstanding | 26.36 |
Cost of Debt | |
Tax Rate | 22.52 |
After-tax Cost of Debt | 2.46% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.847 |
Total Debt | 4.61 |
Total Equity | 777.74 |
Total Capital | 782.35 |
Debt Weighting | 0.59 |
Equity Weighting | 99.41 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 1,547.49 | 1,409.17 | 1,345.77 | 1,446.99 | 1,364.06 | 1,324.34 | 1,285.77 | 1,248.33 | 1,211.98 | 1,176.69 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 6.89 | 85.14 | -29.59 | 66.62 | 29.41 | 29.26 | 28.41 | 27.58 | 26.78 | 26 |
Capital Expenditure | -20.57 | -18.68 | -16.04 | -16.76 | -21.88 | -17.51 | -17 | -16.50 | -16.02 | -15.55 |
Free Cash Flow | -13.67 | 66.46 | -45.63 | 49.85 | 7.53 | 11.76 | 11.41 | 11.08 | 10.76 | 10.45 |
WACC | ||||||||||
PV LFCF | 10.81 | 9.64 | 8.60 | 7.68 | 6.85 | |||||
SUM PV LFCF | 43.57 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.81 |
Free cash flow (t + 1) | 10.66 |
Terminal Value | 156.47 |
Present Value of Terminal Value | 102.58 |
Intrinsic Value
Enterprise Value | 146.16 |
---|---|
Net Debt | -93.75 |
Equity Value | 239.90 |
Shares Outstanding | 26.36 |
Equity Value Per Share | 9.10 |