Discounted Cash Flow (DCF) Analysis Levered
PCB Bancorp (PCB)
$15.4
-0.05 (-0.32%)
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 | 75.85 | 80.90 | 77.93 | 95.57 | 104.13 | 113.13 | 122.91 | 133.54 | 145.09 | 157.63 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 35.08 | 30.12 | 17.09 | -1.62 | 57.27 | 35.91 | 39.02 | 42.39 | 46.05 | 50.04 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -1.14 | -0.71 | -1.78 | -0.43 | -5.45 | -2.34 | -2.55 | -2.77 | -3.01 | -3.26 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 33.94 | 29.41 | 15.31 | -2.05 | 51.81 | 33.57 | 36.47 | 39.62 | 43.05 | 46.77 |
Weighted Average Cost Of Capital
Share price | $ 15.4 |
---|---|
Beta | 0.666 |
Diluted Shares Outstanding | 15.07 |
Cost of Debt | |
Tax Rate | 29.18 |
After-tax Cost of Debt | 32.01% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.742 |
Total Debt | 26.81 |
Total Equity | 232 |
Total Capital | 258.81 |
Debt Weighting | 10.36 |
Equity Weighting | 89.64 |
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 | 75.85 | 80.90 | 77.93 | 95.57 | 104.13 | 113.13 | 122.91 | 133.54 | 145.09 | 157.63 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 35.08 | 30.12 | 17.09 | -1.62 | 57.27 | 35.91 | 39.02 | 42.39 | 46.05 | 50.04 |
Capital Expenditure | -1.14 | -0.71 | -1.78 | -0.43 | -5.45 | -2.34 | -2.55 | -2.77 | -3.01 | -3.26 |
Free Cash Flow | 33.94 | 29.41 | 15.31 | -2.05 | 51.81 | 33.57 | 36.47 | 39.62 | 43.05 | 46.77 |
WACC | ||||||||||
PV LFCF | 27.61 | 27.21 | 26.81 | 26.42 | 26.03 | |||||
SUM PV LFCF | 147.83 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 10.26 |
Free cash flow (t + 1) | 47.71 |
Terminal Value | 577.57 |
Present Value of Terminal Value | 354.41 |
Intrinsic Value
Enterprise Value | 502.25 |
---|---|
Net Debt | -120.22 |
Equity Value | 622.47 |
Shares Outstanding | 15.07 |
Equity Value Per Share | 41.32 |