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
Stock DCF: 2.05 | 9.2 | overvalue

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 24.3811.0410.047.5412.4411.7111.0210.379.759.18
Revenue (%)
Operating Cash Flow 8.350.881.772.201.392.352.212.081.951.84
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 8.350.571.062.121.362.021.901.791.681.58

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 24.3811.0410.047.5412.4411.7111.0210.379.759.18
Operating Cash Flow 8.350.881.772.201.392.352.212.081.951.84
Capital Expenditure --0.31-0.71-0.08-0.03-0.33-0.31-0.29-0.27-0.26
Free Cash Flow 8.350.571.062.121.362.021.901.791.681.58
WACC
PV LFCF 1.901.681.481.311.16
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