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 212.37270.78306.36323.97324.44362.18404.32451.36503.87562.49
Revenue (%)
Operating Cash Flow 20.9625.6651.0129.17-30.3925.8128.8132.1735.9140.09
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 19.4024.3850.4728.47-31.5524.3927.2330.4033.9437.88

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 212.37270.78306.36323.97324.44362.18404.32451.36503.87562.49
Operating Cash Flow 20.9625.6651.0129.17-30.3925.8128.8132.1735.9140.09
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 19.4024.3850.4728.47-31.5524.3927.2330.4033.9437.88
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 -