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
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 | 241.37 | 245.60 | 248.68 | 245.57 | 278.49 | 289.05 | 300.01 | 311.38 | 323.18 | 335.43 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 59.95 | 62.48 | 50.13 | 63.70 | 75.17 | 71.32 | 74.02 | 76.83 | 79.74 | 82.76 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 71.32 | 74.02 | 76.83 | 79.74 | 82.76 |
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 | 241.37 | 245.60 | 248.68 | 245.57 | 278.49 | 289.05 | 300.01 | 311.38 | 323.18 | 335.43 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 59.95 | 62.48 | 50.13 | 63.70 | 75.17 | 71.32 | 74.02 | 76.83 | 79.74 | 82.76 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 71.32 | 74.02 | 76.83 | 79.74 | 82.76 |
WACC | ||||||||||
PV LFCF | 68.40 | 68.08 | 67.77 | 67.46 | 67.15 | |||||
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 |