Discounted Cash Flow (DCF) Analysis Levered
NI Holdings, Inc. (NODK)
$12.96
+0.22 (+1.73%)
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 | 212.37 | 270.78 | 306.36 | 323.97 | 324.44 | 362.18 | 404.32 | 451.36 | 503.87 | 562.49 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 20.96 | 25.66 | 51.01 | 29.17 | -30.39 | 25.81 | 28.81 | 32.17 | 35.91 | 40.09 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.55 | -1.29 | -0.54 | -0.70 | -1.16 | -1.42 | -1.58 | -1.77 | -1.97 | -2.20 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 19.40 | 24.38 | 50.47 | 28.47 | -31.55 | 24.39 | 27.23 | 30.40 | 33.94 | 37.88 |
Weighted Average Cost Of Capital
| Share price | $ 12.96 |
|---|---|
| Beta | 0.291 |
| Diluted Shares Outstanding | 21.66 |
| Cost of Debt | |
| Tax Rate | 22.10 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.971 |
| Total Debt | - |
| Total Equity | 280.67 |
| 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 | 212.37 | 270.78 | 306.36 | 323.97 | 324.44 | 362.18 | 404.32 | 451.36 | 503.87 | 562.49 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 20.96 | 25.66 | 51.01 | 29.17 | -30.39 | 25.81 | 28.81 | 32.17 | 35.91 | 40.09 |
| Capital Expenditure | -1.55 | -1.29 | -0.54 | -0.70 | -1.16 | -1.42 | -1.58 | -1.77 | -1.97 | -2.20 |
| Free Cash Flow | 19.40 | 24.38 | 50.47 | 28.47 | -31.55 | 24.39 | 27.23 | 30.40 | 33.94 | 37.88 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 38.64 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -47 |
| Equity Value | - |
| Shares Outstanding | 21.66 |
| Equity Value Per Share | - |