Discounted Cash Flow (DCF) Analysis Levered
LSI Industries Inc. (LYTS)
$11.95
-0.12 (-0.99%)
All numbers are in Millions, Currency in USD
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 | 342.02 | 328.85 | 305.56 | 315.61 | 455.12 | 496.72 | 542.11 | 591.66 | 645.74 | 704.75 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 11.50 | 11.49 | 29.71 | 28.01 | -3.86 | 24.44 | 26.68 | 29.12 | 31.78 | 34.68 |
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 | 8.09 | 8.87 | 26.97 | 25.78 | -5.99 | 20.61 | 22.49 | 24.55 | 26.79 | 29.24 |
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 | 342.02 | 328.85 | 305.56 | 315.61 | 455.12 | 496.72 | 542.11 | 591.66 | 645.74 | 704.75 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 11.50 | 11.49 | 29.71 | 28.01 | -3.86 | 24.44 | 26.68 | 29.12 | 31.78 | 34.68 |
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 | 8.09 | 8.87 | 26.97 | 25.78 | -5.99 | 20.61 | 22.49 | 24.55 | 26.79 | 29.24 |
WACC | ||||||||||
PV LFCF | 19.21 | 19.54 | 19.87 | 20.21 | 20.56 | |||||
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 |