Discounted Cash Flow (DCF) Analysis Levered
Maui Land & Pineapple Company, Inc. (MLP)
$9.2
+0.05 (+0.55%)
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 | 24.38 | 11.04 | 10.04 | 7.54 | 12.44 | 11.71 | 11.02 | 10.37 | 9.75 | 9.18 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 8.35 | 0.88 | 1.77 | 2.20 | 1.39 | 2.35 | 2.21 | 2.08 | 1.95 | 1.84 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | -0.31 | -0.71 | -0.08 | -0.03 | -0.33 | -0.31 | -0.29 | -0.27 | -0.26 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 8.35 | 0.57 | 1.06 | 2.12 | 1.36 | 2.02 | 1.90 | 1.79 | 1.68 | 1.58 |
Weighted Average Cost Of Capital
Share price | $ 9.2 |
---|---|
Beta | 0.593 |
Diluted Shares Outstanding | 19.35 |
Cost of Debt | |
Tax Rate | -6.74 |
After-tax Cost of Debt | 5.00% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.438 |
Total Debt | - |
Total Equity | 178.05 |
Total Capital | 178.05 |
Debt Weighting | 0.00 |
Equity Weighting | 100.00 |
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 | 24.38 | 11.04 | 10.04 | 7.54 | 12.44 | 11.71 | 11.02 | 10.37 | 9.75 | 9.18 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 8.35 | 0.88 | 1.77 | 2.20 | 1.39 | 2.35 | 2.21 | 2.08 | 1.95 | 1.84 |
Capital Expenditure | - | -0.31 | -0.71 | -0.08 | -0.03 | -0.33 | -0.31 | -0.29 | -0.27 | -0.26 |
Free Cash Flow | 8.35 | 0.57 | 1.06 | 2.12 | 1.36 | 2.02 | 1.90 | 1.79 | 1.68 | 1.58 |
WACC | ||||||||||
PV LFCF | 1.90 | 1.68 | 1.48 | 1.31 | 1.16 | |||||
SUM PV LFCF | 7.52 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.44 |
Free cash flow (t + 1) | 1.61 |
Terminal Value | 36.35 |
Present Value of Terminal Value | 26.60 |
Intrinsic Value
Enterprise Value | 34.13 |
---|---|
Net Debt | -5.60 |
Equity Value | 39.72 |
Shares Outstanding | 19.35 |
Equity Value Per Share | 2.05 |