Discounted Cash Flow (DCF) Analysis Levered
The Joint Corp. (JYNT)
$15.9
+0.15 (+0.95%)
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 | 25.16 | 31.79 | 48.45 | 58.68 | 81.19 | 109.25 | 147 | 197.79 | 266.13 | 358.10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 0.16 | 5.45 | 7.52 | 11.18 | 15.23 | 15.54 | 20.91 | 28.13 | 37.85 | 50.93 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.45 | -1.39 | -4.17 | -4.20 | -8.38 | -7.04 | -9.47 | -12.75 | -17.15 | -23.08 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -0.29 | 4.06 | 3.36 | 6.99 | 6.85 | 8.50 | 11.43 | 15.39 | 20.70 | 27.86 |
Weighted Average Cost Of Capital
| Share price | $ 15.9 |
|---|---|
| Beta | 1.296 |
| Diluted Shares Outstanding | 14.97 |
| Cost of Debt | |
| Tax Rate | -20.55 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.083 |
| Total Debt | 22.45 |
| Total Equity | 238.03 |
| Total Capital | 260.48 |
| Debt Weighting | 8.62 |
| Equity Weighting | 91.38 |
| 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 | 25.16 | 31.79 | 48.45 | 58.68 | 81.19 | 109.25 | 147 | 197.79 | 266.13 | 358.10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 0.16 | 5.45 | 7.52 | 11.18 | 15.23 | 15.54 | 20.91 | 28.13 | 37.85 | 50.93 |
| Capital Expenditure | -0.45 | -1.39 | -4.17 | -4.20 | -8.38 | -7.04 | -9.47 | -12.75 | -17.15 | -23.08 |
| Free Cash Flow | -0.29 | 4.06 | 3.36 | 6.99 | 6.85 | 8.50 | 11.43 | 15.39 | 20.70 | 27.86 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 28.41 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 2.92 |
| Equity Value | - |
| Shares Outstanding | 14.97 |
| Equity Value Per Share | - |