Discounted Cash Flow (DCF) Analysis Levered
FreightCar America, Inc. (RAIL)
$2.6868
-0.04 (-1.58%)
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 | 316.52 | 229.96 | 108.45 | 203.05 | 364.75 | 443.80 | 539.97 | 656.99 | 799.37 | 972.60 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -31.64 | -18.98 | -58.90 | -55.40 | 11.50 | -85.83 | -104.43 | -127.06 | -154.59 | -188.09 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -39.53 | -5.57 | -9.85 | -2.29 | -7.82 | -24.20 | -29.45 | -35.83 | -43.59 | -53.04 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -71.18 | -24.55 | -68.75 | -57.69 | 3.69 | -110.03 | -133.87 | -162.88 | -198.18 | -241.13 |
Weighted Average Cost Of Capital
Share price | $ 2.6,868 |
---|---|
Beta | 2.070 |
Diluted Shares Outstanding | 24.84 |
Cost of Debt | |
Tax Rate | -6.33 |
After-tax Cost of Debt | 19.98% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 14.399 |
Total Debt | 127.26 |
Total Equity | 66.74 |
Total Capital | 194 |
Debt Weighting | 65.60 |
Equity Weighting | 34.40 |
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 | 316.52 | 229.96 | 108.45 | 203.05 | 364.75 | 443.80 | 539.97 | 656.99 | 799.37 | 972.60 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -31.64 | -18.98 | -58.90 | -55.40 | 11.50 | -85.83 | -104.43 | -127.06 | -154.59 | -188.09 |
Capital Expenditure | -39.53 | -5.57 | -9.85 | -2.29 | -7.82 | -24.20 | -29.45 | -35.83 | -43.59 | -53.04 |
Free Cash Flow | -71.18 | -24.55 | -68.75 | -57.69 | 3.69 | -110.03 | -133.87 | -162.88 | -198.18 | -241.13 |
WACC | ||||||||||
PV LFCF | -93.20 | -96.05 | -98.99 | -102.01 | -105.13 | |||||
SUM PV LFCF | -495.38 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 18.06 |
Free cash flow (t + 1) | -245.95 |
Terminal Value | -1,531.46 |
Present Value of Terminal Value | -667.72 |
Intrinsic Value
Enterprise Value | -1,163.09 |
---|---|
Net Debt | 89.35 |
Equity Value | -1,252.44 |
Shares Outstanding | 24.84 |
Equity Value Per Share | -50.42 |