Discounted Cash Flow (DCF) Analysis Levered
Liquidity Services, Inc. (LQDT)
$15.64
+0.29 (+1.89%)
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 | $ 15.64 |
|---|---|
| Beta | 1.405 |
| 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 | 10.520 |
| Total Debt | 14.35 |
| Total Equity | 547.78 |
| Total Capital | 562.13 |
| Debt Weighting | 2.55 |
| Equity Weighting | 97.45 |
| 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 | - |