Discounted Cash Flow (DCF) Analysis Levered

Lionheart III Corp (LION)

$10.09

+0.01 (+0.05%)
All numbers are in Millions, Currency in USD
Stock DCF: 18.16 | 10.09 | undervalue

Free Cash Flow

Year
A/P
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 100.84128.84135.2517.8714.6512.019.858.086.625.434.453.65
Revenue (%)
Operating Cash Flow 2.96-29.51155.20166.4337.5830.8125.2620.7116.9813.9211.419.36
Operating Cash Flow (%)
Capital Expenditure -12.16-6.53-5.31-9.64-2.75-2.25-1.85-1.51-1.24-1.02-0.83-0.68
Capital Expenditure (%)
Free Cash Flow -9.20-36.04149.90156.7934.8428.5623.4219.2015.7412.9010.588.67

Weighted Average Cost Of Capital

Share price $ 10.09
Beta 0.000
Diluted Shares Outstanding 27.26
Cost of Debt
Tax Rate 31.06
After-tax Cost of Debt 3.45%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.702
Total Debt -
Total Equity 275.04
Total Capital 275.04
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 100.84128.84135.2517.8714.6512.019.858.086.625.434.453.65
Operating Cash Flow 2.96-29.51155.20166.4337.5830.8125.2620.7116.9813.9211.419.36
Capital Expenditure -12.16-6.53-5.31-9.64-2.75-2.25-1.85-1.51-1.24-1.02-0.83-0.68
Free Cash Flow -9.20-36.04149.90156.7934.8428.5623.4219.2015.7412.9010.588.67
WACC
PV LFCF 34.8427.5421.7817.2213.6110.768.516.73
SUM PV LFCF 61.10

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.70
Free cash flow (t + 1) 8.85
Terminal Value 520.43
Present Value of Terminal Value 433.98

Intrinsic Value

Enterprise Value 495.08
Net Debt -0
Equity Value 495.09
Shares Outstanding 27.26
Equity Value Per Share 18.16