Discounted Cash Flow (DCF) Analysis Levered
Kaspien Holdings Inc. (KSPN)
$0.87
+0.02 (+2.34%)
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 | 442.86 | 418.19 | 325.93 | 158.34 | 143.71 | 111.99 | 87.27 | 68.01 | 53 | 41.30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.01 | -25.52 | -15.83 | -13.39 | -14.53 | -6.61 | -5.15 | -4.02 | -3.13 | -2.44 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -8.41 | -3.69 | -2.82 | -1.19 | -1.43 | -1.21 | -0.94 | -0.73 | -0.57 | -0.45 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -8.42 | -29.21 | -18.65 | -14.58 | -15.97 | -7.82 | -6.10 | -4.75 | -3.70 | -2.88 |
Weighted Average Cost Of Capital
| Share price | $ 0.87 |
|---|---|
| Beta | 0.696 |
| Diluted Shares Outstanding | 1.85 |
| Cost of Debt | |
| Tax Rate | -0.34 |
| After-tax Cost of Debt | 11.26% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.802 |
| Total Debt | 16.58 |
| Total Equity | 1.61 |
| Total Capital | 18.19 |
| Debt Weighting | 91.16 |
| Equity Weighting | 8.84 |
| 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 | 442.86 | 418.19 | 325.93 | 158.34 | 143.71 | 111.99 | 87.27 | 68.01 | 53 | 41.30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.01 | -25.52 | -15.83 | -13.39 | -14.53 | -6.61 | -5.15 | -4.02 | -3.13 | -2.44 |
| Capital Expenditure | -8.41 | -3.69 | -2.82 | -1.19 | -1.43 | -1.21 | -0.94 | -0.73 | -0.57 | -0.45 |
| Free Cash Flow | -8.42 | -29.21 | -18.65 | -14.58 | -15.97 | -7.82 | -6.10 | -4.75 | -3.70 | -2.88 |
| WACC | ||||||||||
| PV LFCF | -7.06 | -4.96 | -3.49 | -2.45 | -1.72 | |||||
| SUM PV LFCF | -19.67 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 10.87 |
| Free cash flow (t + 1) | -2.94 |
| Terminal Value | -33.17 |
| Present Value of Terminal Value | -19.80 |
Intrinsic Value
| Enterprise Value | -39.48 |
|---|---|
| Net Debt | 15.36 |
| Equity Value | -54.84 |
| Shares Outstanding | 1.85 |
| Equity Value Per Share | -29.66 |