Discounted Cash Flow (DCF) Analysis Levered
Orion Group Holdings, Inc. (ORN)
$2.75
-0.09 (-3.17%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 578.55 | 520.89 | 708.39 | 709.94 | 601.36 | 617.83 | 634.75 | 652.13 | 669.99 | 688.33 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 34.13 | 21.93 | -0.72 | 46.03 | 0.07 | 20.39 | 20.95 | 21.53 | 22.12 | 22.72 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -10.73 | -17.71 | -17.20 | -14.69 | 27.16 | -6.47 | -6.65 | -6.83 | -7.02 | -7.21 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 23.40 | 4.22 | -17.91 | 31.34 | 27.23 | 13.92 | 14.31 | 14.70 | 15.10 | 15.51 |
Weighted Average Cost Of Capital
Share price | $ 2.75 |
---|---|
Beta | 0.772 |
Diluted Shares Outstanding | 30.98 |
Cost of Debt | |
Tax Rate | -3.57 |
After-tax Cost of Debt | -18.89% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.163 |
Total Debt | 26.87 |
Total Equity | 85.19 |
Total Capital | 112.07 |
Debt Weighting | 23.98 |
Equity Weighting | 76.02 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 578.55 | 520.89 | 708.39 | 709.94 | 601.36 | 617.83 | 634.75 | 652.13 | 669.99 | 688.33 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 34.13 | 21.93 | -0.72 | 46.03 | 0.07 | 20.39 | 20.95 | 21.53 | 22.12 | 22.72 |
Capital Expenditure | -10.73 | -17.71 | -17.20 | -14.69 | 27.16 | -6.47 | -6.65 | -6.83 | -7.02 | -7.21 |
Free Cash Flow | 23.40 | 4.22 | -17.91 | 31.34 | 27.23 | 13.92 | 14.31 | 14.70 | 15.10 | 15.51 |
WACC | ||||||||||
PV LFCF | 13.18 | 13.42 | 13.66 | 13.90 | 14.16 | |||||
SUM PV LFCF | 71.52 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 0.92 |
Free cash flow (t + 1) | 15.82 |
Terminal Value | -1,465.12 |
Present Value of Terminal Value | -1,399.55 |
Intrinsic Value
Enterprise Value | -1,328.03 |
---|---|
Net Debt | 14.58 |
Equity Value | -1,342.61 |
Shares Outstanding | 30.98 |
Equity Value Per Share | -43.34 |