Discounted Cash Flow (DCF) Analysis Levered

John B. Sanfilippo & Son, Inc. (JBSS)

$77.5

+1.26 (+1.65%)
All numbers are in Millions, Currency in USD
Stock DCF: 167.79 | 77.5 | undervalue

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 888.93876.20880.09858.48955.87974.759941,013.631,033.651,054.07
Revenue (%)
Operating Cash Flow 66.1583.4663.61104.7019.6074.9476.4277.9379.4781.04
Operating Cash Flow (%)
Capital Expenditure -13.23-15.08-15.02-25.18-17.75-18.92-19.29-19.68-20.06-20.46
Capital Expenditure (%)
Free Cash Flow 52.9268.3848.5979.521.8556.0257.1358.2659.4160.58

Weighted Average Cost Of Capital

Share price $ 77.5
Beta 0.247
Diluted Shares Outstanding 11.59
Cost of Debt
Tax Rate 24.37
After-tax Cost of Debt 12.11%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.766
Total Debt 12
Total Equity 898.53
Total Capital 910.53
Debt Weighting 1.32
Equity Weighting 98.68
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 888.93876.20880.09858.48955.87974.759941,013.631,033.651,054.07
Operating Cash Flow 66.1583.4663.61104.7019.6074.9476.4277.9379.4781.04
Capital Expenditure -13.23-15.08-15.02-25.18-17.75-18.92-19.29-19.68-20.06-20.46
Free Cash Flow 52.9268.3848.5979.521.8556.0257.1358.2659.4160.58
WACC
PV LFCF 53.4251.9550.5349.1447.78
SUM PV LFCF 252.82

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.86
Free cash flow (t + 1) 61.79
Terminal Value 2,160.53
Present Value of Terminal Value 1,704.16

Intrinsic Value

Enterprise Value 1,956.99
Net Debt 11.58
Equity Value 1,945.40
Shares Outstanding 11.59
Equity Value Per Share 167.79