Discounted Cash Flow (DCF) Analysis Levered

Likhitha Infrastructure Limited (LIKHITHA.NS)

221.25 ₹

-7.10 (-3.11%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.71 | 221.25 | 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 870.781,374.341,612.381,906.222,572.123,397.164,486.865,926.097,826.9810,337.61
Revenue (%)
Operating Cash Flow 40.1631.87191.538.1031.12138.90183.46242.30320.03422.68
Operating Cash Flow (%)
Capital Expenditure -103.12-31.25-15.28-24.75-102.30-138.20-182.53-241.08-318.41-420.54
Capital Expenditure (%)
Free Cash Flow -62.970.61176.25-16.65-71.180.700.931.231.622.14

Weighted Average Cost Of Capital

Share price $ 221.25
Beta 0.765
Diluted Shares Outstanding 157.81
Cost of Debt
Tax Rate 24.98
After-tax Cost of Debt 3.75%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.140
Total Debt -
Total Equity 34,916.01
Total Capital 34,916.01
Debt Weighting 0.00
Equity Weighting 100.00
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 870.781,374.341,612.381,906.222,572.123,397.164,486.865,926.097,826.9810,337.61
Operating Cash Flow 40.1631.87191.538.1031.12138.90183.46242.30320.03422.68
Capital Expenditure -103.12-31.25-15.28-24.75-102.30-138.20-182.53-241.08-318.41-420.54
Free Cash Flow -62.970.61176.25-16.65-71.180.700.931.231.622.14
WACC
PV LFCF 0.660.8111.231.52
SUM PV LFCF 5.21

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.14
Free cash flow (t + 1) 2.18
Terminal Value 42.46
Present Value of Terminal Value 30.08

Intrinsic Value

Enterprise Value 35.29
Net Debt -76.28
Equity Value 111.57
Shares Outstanding 157.81
Equity Value Per Share 0.71