Discounted Cash Flow (DCF) Analysis Levered
Park Aerospace Corp. (PKE)
$15.615
-0.45 (-2.77%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 51.12 | 60.01 | 46.28 | 53.58 | 54.06 | 55.57 | 57.12 | 58.72 | 60.36 | 62.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 7.54 | 5.22 | 13.01 | 8.20 | 6.49 | 8.77 | 9.01 | 9.26 | 9.52 | 9.79 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.76 | -6.85 | -7.49 | -4.37 | -1.05 | -4.79 | -4.92 | -5.06 | -5.20 | -5.35 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 4.78 | -1.63 | 5.52 | 3.83 | 5.44 | 3.98 | 4.09 | 4.20 | 4.32 | 4.44 |
Weighted Average Cost Of Capital
| Share price | $ 15.615 |
|---|---|
| Beta | 0.547 |
| Diluted Shares Outstanding | 20.51 |
| Cost of Debt | |
| Tax Rate | 2.73 |
| After-tax Cost of Debt | -576.15% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.194 |
| Total Debt | 0.18 |
| Total Equity | 320.25 |
| Total Capital | 320.43 |
| Debt Weighting | 0.06 |
| Equity Weighting | 99.94 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 51.12 | 60.01 | 46.28 | 53.58 | 54.06 | 55.57 | 57.12 | 58.72 | 60.36 | 62.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 7.54 | 5.22 | 13.01 | 8.20 | 6.49 | 8.77 | 9.01 | 9.26 | 9.52 | 9.79 |
| Capital Expenditure | -2.76 | -6.85 | -7.49 | -4.37 | -1.05 | -4.79 | -4.92 | -5.06 | -5.20 | -5.35 |
| Free Cash Flow | 4.78 | -1.63 | 5.52 | 3.83 | 5.44 | 3.98 | 4.09 | 4.20 | 4.32 | 4.44 |
| WACC | ||||||||||
| PV LFCF | 3.72 | 3.58 | 3.44 | 3.31 | 3.19 | |||||
| SUM PV LFCF | 17.24 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.86 |
| Free cash flow (t + 1) | 4.53 |
| Terminal Value | 93.19 |
| Present Value of Terminal Value | 66.88 |
Intrinsic Value
| Enterprise Value | 84.12 |
|---|---|
| Net Debt | -105.26 |
| Equity Value | 189.38 |
| Shares Outstanding | 20.51 |
| Equity Value Per Share | 9.23 |