Discounted Cash Flow (DCF) Analysis Levered
Jewett-Cameron Trading Company Ltd. (JCTCF)
$5.78
-0.04 (-0.69%)
All numbers are in Millions, Currency in USD
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 | 53.92 | 45.45 | 44.95 | 57.50 | 62.90 | 66.13 | 69.52 | 73.08 | 76.83 | 80.76 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1.57 | 6.31 | -2.22 | -4.42 | -3.44 | -0.17 | -0.18 | -0.19 | -0.20 | -0.21 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.11 | -0.03 | -0.45 | -1.19 | -1.26 | -0.71 | -0.74 | -0.78 | -0.82 | -0.86 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1.46 | 6.27 | -2.67 | -5.62 | -4.70 | -0.88 | -0.93 | -0.97 | -1.02 | -1.08 |
Weighted Average Cost Of Capital
| Share price | $ 5.78 |
|---|---|
| Beta | 0.281 |
| Diluted Shares Outstanding | 3.49 |
| Cost of Debt | |
| Tax Rate | 26.37 |
| After-tax Cost of Debt | 1.72% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.826 |
| Total Debt | 7 |
| Total Equity | 20.19 |
| Total Capital | 27.19 |
| Debt Weighting | 25.74 |
| Equity Weighting | 74.26 |
| 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 | 53.92 | 45.45 | 44.95 | 57.50 | 62.90 | 66.13 | 69.52 | 73.08 | 76.83 | 80.76 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.57 | 6.31 | -2.22 | -4.42 | -3.44 | -0.17 | -0.18 | -0.19 | -0.20 | -0.21 |
| Capital Expenditure | -0.11 | -0.03 | -0.45 | -1.19 | -1.26 | -0.71 | -0.74 | -0.78 | -0.82 | -0.86 |
| Free Cash Flow | 1.46 | 6.27 | -2.67 | -5.62 | -4.70 | -0.88 | -0.93 | -0.97 | -1.02 | -1.08 |
| WACC | ||||||||||
| PV LFCF | -0.85 | -0.86 | -0.87 | -0.87 | -0.88 | |||||
| SUM PV LFCF | -4.33 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.03 |
| Free cash flow (t + 1) | -1.10 |
| Terminal Value | -54.11 |
| Present Value of Terminal Value | -44.41 |
Intrinsic Value
| Enterprise Value | -48.74 |
|---|---|
| Net Debt | 6.52 |
| Equity Value | -55.25 |
| Shares Outstanding | 3.49 |
| Equity Value Per Share | -15.81 |