Discounted Cash Flow (DCF) Analysis Levered

Lifetime Brands, Inc. (LCUT)

$9.42

-0.36 (-3.68%)
All numbers are in Millions, Currency in USD
Stock DCF: 63.41 | 9.42 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 734.90769.17862.92727.66730.52733.38736.26739.15742.05744.96
Revenue (%)
Operating Cash Flow 29.8744.8136.9924.3238.4133.4133.5433.6733.8033.94
Operating Cash Flow (%)
Capital Expenditure -9.17-2.08-3.99-2.98-4.36-4.38-4.40-4.41-4.43-4.45
Capital Expenditure (%)
Free Cash Flow 20.7042.733321.3434.0429.0329.1429.2629.3729.49

Weighted Average Cost Of Capital

Share price $ 9.42
Beta 1.300
Diluted Shares Outstanding 21.56
Cost of Debt
Tax Rate 63.44
After-tax Cost of Debt 1.83%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.439
Total Debt 343.73
Total Equity 203.08
Total Capital 546.81
Debt Weighting 62.86
Equity Weighting 37.14
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 734.90769.17862.92727.66730.52733.38736.26739.15742.05744.96
Operating Cash Flow 29.8744.8136.9924.3238.4133.4133.5433.6733.8033.94
Capital Expenditure -9.17-2.08-3.99-2.98-4.36-4.38-4.40-4.41-4.43-4.45
Free Cash Flow 20.7042.733321.3434.0429.0329.1429.2629.3729.49
WACC
PV LFCF 34.0427.6426.4225.2524.1423.07
SUM PV LFCF 126.51

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.03
Free cash flow (t + 1) 30.52
Terminal Value 1,994.66
Present Value of Terminal Value 1,560.64

Intrinsic Value

Enterprise Value 1,687.15
Net Debt 320.13
Equity Value 1,367.02
Shares Outstanding 21.56
Equity Value Per Share 63.41