Discounted Cash Flow (DCF) Analysis Levered

InfuSystem Holdings, Inc. (INFU)

$9.3

+0.05 (+0.54%)
All numbers are in Millions, Currency in USD
Stock DCF: -1.32 | 9.3 | overvalue

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 67.1481.1297.39102.38109.91124.58141.20160.04181.39205.58
Revenue (%)
Operating Cash Flow 11.3913.8720.2818.3217.5222.1125.0528.4032.1936.48
Operating Cash Flow (%)
Capital Expenditure -8.30-22.60-16.91-16.66-15.08-21.82-24.73-28.03-31.77-36.01
Capital Expenditure (%)
Free Cash Flow 3.09-8.723.371.662.440.290.320.370.420.47

Weighted Average Cost Of Capital

Share price $ 9.3
Beta 1.278
Diluted Shares Outstanding 21.55
Cost of Debt
Tax Rate 86.15
After-tax Cost of Debt 0.58%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.191
Total Debt 36.92
Total Equity 200.39
Total Capital 237.31
Debt Weighting 15.56
Equity Weighting 84.44
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 67.1481.1297.39102.38109.91124.58141.20160.04181.39205.58
Operating Cash Flow 11.3913.8720.2818.3217.5222.1125.0528.4032.1936.48
Capital Expenditure -8.30-22.60-16.91-16.66-15.08-21.82-24.73-28.03-31.77-36.01
Free Cash Flow 3.09-8.723.371.662.440.290.320.370.420.47
WACC
PV LFCF 0.260.270.290.300.31
SUM PV LFCF 1.43

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.70
Free cash flow (t + 1) 0.49
Terminal Value 10.44
Present Value of Terminal Value 6.88

Intrinsic Value

Enterprise Value 8.31
Net Debt 36.75
Equity Value -28.44
Shares Outstanding 21.55
Equity Value Per Share -1.32