Discounted Cash Flow (DCF) Analysis Levered

Prudential Bancorp, Inc. (PBIP)

$15.13

-0.10 (-0.66%)
All numbers are in Millions, Currency in USD
Stock DCF: 26.06 | 15.13 | undervalue

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 23.2727.2127.8530.9126.8828.0329.2430.5031.8133.18
Revenue (%)
Operating Cash Flow 5.9210.307.9922.295.0510.2510.6911.1511.6312.13
Operating Cash Flow (%)
Capital Expenditure -0.31-0.26-0.39-0.41-0.16-0.31-0.33-0.34-0.35-0.37
Capital Expenditure (%)
Free Cash Flow 5.6110.047.6021.884.899.9410.3710.8111.2811.76

Weighted Average Cost Of Capital

Share price $ 15.13
Beta 0.084
Diluted Shares Outstanding 7.77
Cost of Debt
Tax Rate 14.02
After-tax Cost of Debt 5.49%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.274
Total Debt 232.03
Total Equity 117.55
Total Capital 349.58
Debt Weighting 66.37
Equity Weighting 33.63
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 23.2727.2127.8530.9126.8828.0329.2430.5031.8133.18
Operating Cash Flow 5.9210.307.9922.295.0510.2510.6911.1511.6312.13
Capital Expenditure -0.31-0.26-0.39-0.41-0.16-0.31-0.33-0.34-0.35-0.37
Free Cash Flow 5.6110.047.6021.884.899.9410.3710.8111.2811.76
WACC
PV LFCF 9.469.399.329.259.18
SUM PV LFCF 46.60

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.08
Free cash flow (t + 1) 12
Terminal Value 389.60
Present Value of Terminal Value 304.10

Intrinsic Value

Enterprise Value 350.70
Net Debt 148.22
Equity Value 202.48
Shares Outstanding 7.77
Equity Value Per Share 26.06