Discounted Cash Flow (DCF) Analysis Levered

Oconee Federal Financial Corp. (OFED)

$16.89

+0.85 (+5.30%)
All numbers are in Millions, Currency in USD
Stock DCF: 20.62 | 16.89 | undervalue

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 16.6116.7316.6116.5416.6116.6216.6216.6216.6216.62
Revenue (%)
Operating Cash Flow 6.385.525.094.935.715.525.525.525.535.53
Operating Cash Flow (%)
Capital Expenditure -0.67-1.81-1.85-0.26-0.21-0.96-0.96-0.96-0.96-0.96
Capital Expenditure (%)
Free Cash Flow 5.713.713.244.675.494.574.574.574.574.57

Weighted Average Cost Of Capital

Share price $ 16.89
Beta 0.340
Diluted Shares Outstanding 5.63
Cost of Debt
Tax Rate 19.18
After-tax Cost of Debt 9.76%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.297
Total Debt 9
Total Equity 95.15
Total Capital 104.15
Debt Weighting 8.64
Equity Weighting 91.36
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 16.6116.7316.6116.5416.6116.6216.6216.6216.6216.62
Operating Cash Flow 6.385.525.094.935.715.525.525.525.535.53
Capital Expenditure -0.67-1.81-1.85-0.26-0.21-0.96-0.96-0.96-0.96-0.96
Free Cash Flow 5.713.713.244.675.494.574.574.574.574.57
WACC
PV LFCF 3.873.663.463.283.10
SUM PV LFCF 19.40

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.68
Free cash flow (t + 1) 4.66
Terminal Value 126.61
Present Value of Terminal Value 96.05

Intrinsic Value

Enterprise Value 115.45
Net Debt -0.73
Equity Value 116.19
Shares Outstanding 5.63
Equity Value Per Share 20.62