Discounted Cash Flow (DCF) Analysis Levered

InfuSystem Holdings, Inc. (INFU)

$6.52

-0.23 (-3.41%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.74 | 6.52 | overvalue

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 71.0867.1481.1297.39102.38112.74124.14136.70150.53165.76
Revenue (%)
Operating Cash Flow 7.5811.3913.8720.2818.3218.8220.7222.8225.1327.67
Operating Cash Flow (%)
Capital Expenditure -3.60-8.30-22.60-16.91-16.66-17.79-19.59-21.58-23.76-26.16
Capital Expenditure (%)
Free Cash Flow 3.993.09-8.723.371.661.021.131.241.371.50

Weighted Average Cost Of Capital

Share price $ 6.52
Beta 1.169
Diluted Shares Outstanding 20.58
Cost of Debt
Tax Rate -12.97
After-tax Cost of Debt 3.75%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.480
Total Debt 36.77
Total Equity 134.17
Total Capital 170.93
Debt Weighting 21.51
Equity Weighting 78.49
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 71.0867.1481.1297.39102.38112.74124.14136.70150.53165.76
Operating Cash Flow 7.5811.3913.8720.2818.3218.8220.7222.8225.1327.67
Capital Expenditure -3.60-8.30-22.60-16.91-16.66-17.79-19.59-21.58-23.76-26.16
Free Cash Flow 3.993.09-8.723.371.661.021.131.241.371.50
WACC
PV LFCF 0.950.960.980.991.01
SUM PV LFCF 4.89

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.25
Free cash flow (t + 1) 1.53
Terminal Value 24.55
Present Value of Terminal Value 16.52

Intrinsic Value

Enterprise Value 21.41
Net Debt 36.58
Equity Value -15.17
Shares Outstanding 20.58
Equity Value Per Share -0.74