Discounted Cash Flow (DCF) Analysis Levered

Maui Land & Pineapple Company, Inc. (MLP)

$9.05

-0.16 (-1.74%)
All numbers are in Millions, Currency in USD
Stock DCF: 2.65 | 9.05 | 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 --0.31-0.71-0.084.200.670.630.590.560.52
Capital Expenditure (%)
Free Cash Flow 8.350.571.062.125.593.012.842.672.512.36

Weighted Average Cost Of Capital

Share price $ 9.05
Beta 0.636
Diluted Shares Outstanding 19.36
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.968
Total Debt -
Total Equity 175.22
Total Capital 175.22
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 --0.31-0.71-0.084.200.670.630.590.560.52
Free Cash Flow 8.350.571.062.125.593.012.842.672.512.36
WACC
PV LFCF 2.011.771.561.371.20
SUM PV LFCF 11.08

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.97
Free cash flow (t + 1) 2.41
Terminal Value 48.49
Present Value of Terminal Value 34.62

Intrinsic Value

Enterprise Value 45.70
Net Debt -5.60
Equity Value 51.29
Shares Outstanding 19.36
Equity Value Per Share 2.65