Discounted Cash Flow (DCF) Analysis Levered

Park Aerospace Corp. (PKE)

$11.17

-0.24 (-2.10%)
All numbers are in Millions, Currency in USD
Stock DCF: 2.33 | 11.17 | overvalue

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 111.2051.1260.0146.2853.5847.7242.5037.8633.7230.03
Revenue (%)
Operating Cash Flow 3.347.545.2213.018.206.675.945.294.714.20
Operating Cash Flow (%)
Capital Expenditure -0.89-2.76-6.85-7.49-4.37-4-3.57-3.18-2.83-2.52
Capital Expenditure (%)
Free Cash Flow 2.454.78-1.635.523.832.662.372.111.881.68

Weighted Average Cost Of Capital

Share price $ 11.17
Beta 0.577
Diluted Shares Outstanding 20.55
Cost of Debt
Tax Rate 28.17
After-tax Cost of Debt 118.66%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.601
Total Debt 0.23
Total Equity 229.55
Total Capital 229.78
Debt Weighting 0.10
Equity Weighting 99.90
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 111.2051.1260.0146.2853.5847.7242.5037.8633.7230.03
Operating Cash Flow 3.347.545.2213.018.206.675.945.294.714.20
Capital Expenditure -0.89-2.76-6.85-7.49-4.37-4-3.57-3.18-2.83-2.52
Free Cash Flow 2.454.78-1.635.523.832.662.372.111.881.68
WACC
PV LFCF 2.502.081.741.451.21
SUM PV LFCF 8.98

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.71
Free cash flow (t + 1) 1.71
Terminal Value 36.31
Present Value of Terminal Value 26.24

Intrinsic Value

Enterprise Value 35.23
Net Debt -12.58
Equity Value 47.81
Shares Outstanding 20.55
Equity Value Per Share 2.33