Discounted Cash Flow (DCF) Analysis Levered

LSI Industries Inc. (LYTS)

$11.95

-0.12 (-0.99%)
All numbers are in Millions, Currency in USD
Stock DCF: 14.53 | 11.95 | undervalue

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 342.02328.85305.56315.61455.12496.72542.11591.66645.74704.75
Revenue (%)
Operating Cash Flow 11.5011.4929.7128.01-3.8624.4426.6829.1231.7834.68
Operating Cash Flow (%)
Capital Expenditure -3.41-2.62-2.74-2.23-2.12-3.84-4.19-4.57-4.99-5.44
Capital Expenditure (%)
Free Cash Flow 8.098.8726.9725.78-5.9920.6122.4924.5526.7929.24

Weighted Average Cost Of Capital

Share price $ 11.95
Beta 1.075
Diluted Shares Outstanding 27.99
Cost of Debt
Tax Rate 21.24
After-tax Cost of Debt 1.71%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.817
Total Debt 90.63
Total Equity 334.52
Total Capital 425.15
Debt Weighting 21.32
Equity Weighting 78.68
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 342.02328.85305.56315.61455.12496.72542.11591.66645.74704.75
Operating Cash Flow 11.5011.4929.7128.01-3.8624.4426.6829.1231.7834.68
Capital Expenditure -3.41-2.62-2.74-2.23-2.12-3.84-4.19-4.57-4.99-5.44
Free Cash Flow 8.098.8726.9725.78-5.9920.6122.4924.5526.7929.24
WACC
PV LFCF 19.2119.5419.8720.2120.56
SUM PV LFCF 99.38

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.30
Free cash flow (t + 1) 29.82
Terminal Value 562.71
Present Value of Terminal Value 395.63

Intrinsic Value

Enterprise Value 495.01
Net Debt 88.17
Equity Value 406.84
Shares Outstanding 27.99
Equity Value Per Share 14.53