Discounted Cash Flow (DCF) Analysis Levered

Morguard North American Residential... (MRG-UN.TO)

$16.7

-0.13 (-0.77%)
All numbers are in Millions, Currency in USD
Stock DCF: 48.25 | 16.7 | 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 241.37245.60248.68245.57278.49289.05300.01311.38323.18335.43
Revenue (%)
Operating Cash Flow 59.9562.4850.1363.7075.1771.3274.0276.8379.7482.76
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----71.3274.0276.8379.7482.76

Weighted Average Cost Of Capital

Share price $ 16.7
Beta 1.025
Diluted Shares Outstanding 39.11
Cost of Debt
Tax Rate 29.24
After-tax Cost of Debt 2.38%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.581
Total Debt 1,483.54
Total Equity 653.17
Total Capital 2,136.70
Debt Weighting 69.43
Equity Weighting 30.57
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 241.37245.60248.68245.57278.49289.05300.01311.38323.18335.43
Operating Cash Flow 59.9562.4850.1363.7075.1771.3274.0276.8379.7482.76
Capital Expenditure ----------
Free Cash Flow -----71.3274.0276.8379.7482.76
WACC
PV LFCF 68.4068.0867.7767.4667.15
SUM PV LFCF 338.86

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.27
Free cash flow (t + 1) 84.42
Terminal Value 3,718.83
Present Value of Terminal Value 3,017.24

Intrinsic Value

Enterprise Value 3,356.09
Net Debt 1,468.90
Equity Value 1,887.19
Shares Outstanding 39.11
Equity Value Per Share 48.25