Discounted Cash Flow (DCF) Analysis Levered

Koss Corporation (KOSS)

$6.38

+0.08 (+1.27%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.12 | 6.38 | overvalue

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 23.5221.8418.3119.5517.6116.4415.3614.3413.3912.51
Revenue (%)
Operating Cash Flow 1.031.411.800.35-0.940.560.530.490.460.43
Operating Cash Flow (%)
Capital Expenditure -0.25-0.19-0.42-0.60-0.32-0.30-0.28-0.26-0.24-0.23
Capital Expenditure (%)
Free Cash Flow 0.781.221.38-0.25-1.260.260.240.230.210.20

Weighted Average Cost Of Capital

Share price $ 6.38
Beta -0.970
Diluted Shares Outstanding 9.99
Cost of Debt
Tax Rate 0.59
After-tax Cost of Debt 4.97%
Risk-Free Rate
Market Risk Premium
Cost of Equity -0.787
Total Debt 3.25
Total Equity 63.71
Total Capital 66.96
Debt Weighting 4.85
Equity Weighting 95.15
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 23.5221.8418.3119.5517.6116.4415.3614.3413.3912.51
Operating Cash Flow 1.031.411.800.35-0.940.560.530.490.460.43
Capital Expenditure -0.25-0.19-0.42-0.60-0.32-0.30-0.28-0.26-0.24-0.23
Free Cash Flow 0.781.221.38-0.25-1.260.260.240.230.210.20
WACC
PV LFCF 0.260.250.230.220.20
SUM PV LFCF 1.17

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -0.51
Free cash flow (t + 1) 0.20
Terminal Value -8.11
Present Value of Terminal Value -8.32

Intrinsic Value

Enterprise Value -7.15
Net Debt -5.96
Equity Value -1.19
Shares Outstanding 9.99
Equity Value Per Share -0.12