Discounted Cash Flow (DCF) Analysis Levered
Liquidity Services, Inc. (LQDT)
$19.72
+0.48 (+2.49%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 270.01 | 224.51 | 226.53 | 205.94 | 257.53 | 257.54 | 257.54 | 257.55 | 257.55 | 257.56 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -31.65 | 0.62 | -6.24 | 16.48 | 65.42 | 9.89 | 9.89 | 9.89 | 9.89 | 9.89 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -7.92 | -4.21 | -5.96 | -4.25 | -5.45 | -5.99 | -5.99 | -5.99 | -5.99 | -5.99 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -39.58 | -3.59 | -12.20 | 12.23 | 59.96 | 3.90 | 3.90 | 3.90 | 3.90 | 3.90 |
Weighted Average Cost Of Capital
Share price | $ 19.72 |
---|---|
Beta | 1.384 |
Diluted Shares Outstanding | 35.02 |
Cost of Debt | |
Tax Rate | -84.74 |
After-tax Cost of Debt | -% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.381 |
Total Debt | 14.35 |
Total Equity | 690.68 |
Total Capital | 705.02 |
Debt Weighting | 2.04 |
Equity Weighting | 97.96 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 270.01 | 224.51 | 226.53 | 205.94 | 257.53 | 257.54 | 257.54 | 257.55 | 257.55 | 257.56 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -31.65 | 0.62 | -6.24 | 16.48 | 65.42 | 9.89 | 9.89 | 9.89 | 9.89 | 9.89 |
Capital Expenditure | -7.92 | -4.21 | -5.96 | -4.25 | -5.45 | -5.99 | -5.99 | -5.99 | -5.99 | -5.99 |
Free Cash Flow | -39.58 | -3.59 | -12.20 | 12.23 | 59.96 | 3.90 | 3.90 | 3.90 | 3.90 | 3.90 |
WACC | ||||||||||
PV LFCF | - | - | - | - | - | |||||
SUM PV LFCF | - |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | - |
Free cash flow (t + 1) | 3.98 |
Terminal Value | - |
Present Value of Terminal Value | - |
Intrinsic Value
Enterprise Value | - |
---|---|
Net Debt | -91.99 |
Equity Value | - |
Shares Outstanding | 35.02 |
Equity Value Per Share | - |