Discounted Cash Flow (DCF) Analysis Levered
Needham Small Cap Growth Fund (NESIX)
$15.08
-0.26 (-1.69%)
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 | 10.87 | 13.70 | 3.41 | 5.78 | 7 | 7.73 | 8.53 | 9.41 | 10.39 | 11.47 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 38.46 | 54.87 | 120.74 | 10.04 | 26.05 | 74.79 | 82.54 | 91.09 | 100.52 | 110.94 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | 74.79 | 82.54 | 91.09 | 100.52 | 110.94 |
Weighted Average Cost Of Capital
| Share price | $ 15.08 |
|---|---|
| Beta | 1.060 |
| Diluted Shares Outstanding | 19.46 |
| Cost of Debt | |
| Tax Rate | 22.15 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.140 |
| Total Debt | - |
| Total Equity | 293.51 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 10.87 | 13.70 | 3.41 | 5.78 | 7 | 7.73 | 8.53 | 9.41 | 10.39 | 11.47 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 38.46 | 54.87 | 120.74 | 10.04 | 26.05 | 74.79 | 82.54 | 91.09 | 100.52 | 110.94 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | 74.79 | 82.54 | 91.09 | 100.52 | 110.94 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 113.16 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -12.58 |
| Equity Value | - |
| Shares Outstanding | 19.46 |
| Equity Value Per Share | - |