Discounted Cash Flow (DCF) Analysis Levered

Plymouth Industrial REIT, Inc. (PLYM)

$21.8

-0.11 (-0.50%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.04 | 21.8 | overvalue

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 75.29109.85140.62183.54199.85256.47329.12422.36542.02695.57
Revenue (%)
Operating Cash Flow 27.7241.7557.9472.2381.87100.71129.24165.85212.84273.14
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----100.71129.24165.85212.84273.14

Weighted Average Cost Of Capital

Share price $ 21.8
Beta 1.405
Diluted Shares Outstanding 43,631.69
Cost of Debt
Tax Rate 1.06
After-tax Cost of Debt 4.24%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.917
Total Debt 872.55
Total Equity 951,170.91
Total Capital 952,043.46
Debt Weighting 0.09
Equity Weighting 99.91
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 75.29109.85140.62183.54199.85256.47329.12422.36542.02695.57
Operating Cash Flow 27.7241.7557.9472.2381.87100.71129.24165.85212.84273.14
Capital Expenditure ----------
Free Cash Flow -----100.71129.24165.85212.84273.14
WACC
PV LFCF 54.1162.6072.4483.8196.98
SUM PV LFCF 620.84

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.91
Free cash flow (t + 1) 278.60
Terminal Value 3,126.82
Present Value of Terminal Value 1,863.16

Intrinsic Value

Enterprise Value 2,484
Net Debt 858.05
Equity Value 1,625.95
Shares Outstanding 43,631.69
Equity Value Per Share 0.04