Discounted Cash Flow (DCF) Analysis Levered

Investors Title Company (ITIC)

$139.01

-0.89 (-0.64%)
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 161.65156.26183.50236.41329.50397.30479.05577.63696.48839.80
Revenue (%)
Operating Cash Flow 19.8924.391.70-1.4423.2628.0433.8140.7749.1659.27
Operating Cash Flow (%)
Capital Expenditure -2.88-1.86-0.01-0.10-2.49-3-3.62-4.36-5.26-6.34
Capital Expenditure (%)
Free Cash Flow 17.0122.531.69-1.5420.7725.0430.1936.4143.9052.93

Weighted Average Cost Of Capital

Share price $ 139.01
Beta 0.683
Diluted Shares Outstanding 1.90
Cost of Debt
Tax Rate 21.09
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.035
Total Debt 5.33
Total Equity 264.54
Total Capital 269.87
Debt Weighting 1.97
Equity Weighting 98.03
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 161.65156.26183.50236.41329.50397.30479.05577.63696.48839.80
Operating Cash Flow 19.8924.391.70-1.4423.2628.0433.8140.7749.1659.27
Capital Expenditure -2.88-1.86-0.01-0.10-2.49-3-3.62-4.36-5.26-6.34
Free Cash Flow 17.0122.531.69-1.5420.7725.0430.1936.4143.9052.93
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 53.99
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -31.84
Equity Value -
Shares Outstanding 1.90
Equity Value Per Share -