Discounted Cash Flow (DCF) Analysis Levered

National American University Holdin... (NAUH)

$0.066

+0.02 (+0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 2.15 | 0.066 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 37.2724.4415.4912.5610.838.025.944.403.262.42
Revenue (%)
Operating Cash Flow -5.45-4.98-2.75-4.78-1.16-1.63-1.21-0.89-0.66-0.49
Operating Cash Flow (%)
Capital Expenditure -0.79-0.08-0.08-0.12-0.11-0.08-0.06-0.04-0.03-0.02
Capital Expenditure (%)
Free Cash Flow -6.25-5.06-2.83-4.91-1.27-1.71-1.27-0.94-0.69-0.51

Weighted Average Cost Of Capital

Share price $ 0.066
Beta -1.291
Diluted Shares Outstanding 24.74
Cost of Debt
Tax Rate 0.23
After-tax Cost of Debt 4.21%
Risk-Free Rate
Market Risk Premium
Cost of Equity -1.879
Total Debt 1.64
Total Equity 1.63
Total Capital 3.27
Debt Weighting 50.13
Equity Weighting 49.87
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 37.2724.4415.4912.5610.838.025.944.403.262.42
Operating Cash Flow -5.45-4.98-2.75-4.78-1.16-1.63-1.21-0.89-0.66-0.49
Capital Expenditure -0.79-0.08-0.08-0.12-0.11-0.08-0.06-0.04-0.03-0.02
Free Cash Flow -6.25-5.06-2.83-4.91-1.27-1.71-1.27-0.94-0.69-0.51
WACC
PV LFCF -1.69-1.24-0.91-0.66-0.49
SUM PV LFCF -4.98

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 1.17
Free cash flow (t + 1) -0.52
Terminal Value 63.20
Present Value of Terminal Value 59.63

Intrinsic Value

Enterprise Value 54.65
Net Debt 1.51
Equity Value 53.14
Shares Outstanding 24.74
Equity Value Per Share 2.15