Discounted Cash Flow (DCF) Analysis Levered

Peoples Bancorp of North Carolina, ... (PEBK)

$25.28

-0.20 (-0.78%)
All numbers are in Millions, Currency in USD
Stock DCF: 97.10 | 25.28 | 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 51.1655.3759.5160.7561.7864.7967.9571.2674.7378.37
Revenue (%)
Operating Cash Flow 18.5917.1913.209.1626.9019.2020.1421.1222.1523.22
Operating Cash Flow (%)
Capital Expenditure -5.56-1.74-2.83-2.49-0.48-3.07-3.21-3.37-3.54-3.71
Capital Expenditure (%)
Free Cash Flow 13.0415.4510.366.6726.4216.1416.9217.7518.6119.52

Weighted Average Cost Of Capital

Share price $ 25.28
Beta 0.672
Diluted Shares Outstanding 5.82
Cost of Debt
Tax Rate 20.05
After-tax Cost of Debt 16.57%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.947
Total Debt 15.46
Total Equity 147.23
Total Capital 162.70
Debt Weighting 9.50
Equity Weighting 90.50
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 51.1655.3759.5160.7561.7864.7967.9571.2674.7378.37
Operating Cash Flow 18.5917.1913.209.1626.9019.2020.1421.1222.1523.22
Capital Expenditure -5.56-1.74-2.83-2.49-0.48-3.07-3.21-3.37-3.54-3.71
Free Cash Flow 13.0415.4510.366.6726.4216.1416.9217.7518.6119.52
WACC
PV LFCF 14.9614.5514.1413.7513.37
SUM PV LFCF 70.77

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.86
Free cash flow (t + 1) 19.91
Terminal Value 339.71
Present Value of Terminal Value 232.71

Intrinsic Value

Enterprise Value 303.47
Net Debt -262.04
Equity Value 565.51
Shares Outstanding 5.82
Equity Value Per Share 97.10