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 10.8713.703.415.7877.738.539.4110.3911.47
Revenue (%)
Operating Cash Flow 38.4654.87120.7410.0426.0574.7982.5491.09100.52110.94
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----74.7982.5491.09100.52110.94

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 10.8713.703.415.7877.738.539.4110.3911.47
Operating Cash Flow 38.4654.87120.7410.0426.0574.7982.5491.09100.52110.94
Capital Expenditure ----------
Free Cash Flow -----74.7982.5491.09100.52110.94
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 -