Discounted Cash Flow (DCF) Analysis Levered

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

$73.72

-0.20 (-0.27%)
All numbers are in Millions, Currency in USD
Stock DCF: 220.46 | 73.72 | undervalue

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 846.63888.93876.20880.09858.48861.81865.16868.52871.89875.27
Revenue (%)
Operating Cash Flow 52.6766.1583.4663.61104.7073.4573.7374.0274.3074.59
Operating Cash Flow (%)
Capital Expenditure -10.88-13.23-15.08-15.02-25.18-15.74-15.80-15.87-15.93-15.99
Capital Expenditure (%)
Free Cash Flow 41.7852.9268.3848.5979.5257.7057.9358.1558.3858.60

Weighted Average Cost Of Capital

Share price $ 73.72
Beta 0.279
Diluted Shares Outstanding 11.56
Cost of Debt
Tax Rate 25.15
After-tax Cost of Debt 4.06%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.114
Total Debt 26.58
Total Equity 852.15
Total Capital 878.73
Debt Weighting 3.02
Equity Weighting 96.98
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 846.63888.93876.20880.09858.48861.81865.16868.52871.89875.27
Operating Cash Flow 52.6766.1583.4663.61104.7073.4573.7374.0274.3074.59
Capital Expenditure -10.88-13.23-15.08-15.02-25.18-15.74-15.80-15.87-15.93-15.99
Free Cash Flow 41.7852.9268.3848.5979.5257.7057.9358.1558.3858.60
WACC
PV LFCF 53.2451.3349.5047.7346.02
SUM PV LFCF 258.01

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.11
Free cash flow (t + 1) 59.78
Terminal Value 2,832.99
Present Value of Terminal Value 2,316.24

Intrinsic Value

Enterprise Value 2,574.24
Net Debt 25.91
Equity Value 2,548.34
Shares Outstanding 11.56
Equity Value Per Share 220.46