Discounted Cash Flow (DCF) Analysis Levered
B. Riley Financial, Inc. (RILYP)
$19.57
+0.02 (+0.10%)
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 | 422.99 | 652.11 | 902.72 | 1,740.56 | 915.47 | 1,231.31 | 1,656.14 | 2,227.53 | 2,996.06 | 4,029.74 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -104.81 | -30.39 | 57.69 | 50.89 | 6.65 | -47.77 | -64.25 | -86.42 | -116.24 | -156.34 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -5.43 | -3.46 | -2.04 | -0.68 | -3.92 | -6.18 | -8.31 | -11.17 | -15.03 | -20.22 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -110.25 | -33.85 | 55.64 | 50.22 | 2.74 | -53.95 | -72.56 | -97.60 | -131.27 | -176.56 |
Weighted Average Cost Of Capital
| Share price | $ 19.57 |
|---|---|
| Beta | 1.783 |
| Diluted Shares Outstanding | - |
| Cost of Debt | |
| Tax Rate | 27.50 |
| After-tax Cost of Debt | 4.02% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.210 |
| Total Debt | 2,545.89 |
| Total Equity | - |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 422.99 | 652.11 | 902.72 | 1,740.56 | 915.47 | 1,231.31 | 1,656.14 | 2,227.53 | 2,996.06 | 4,029.74 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -104.81 | -30.39 | 57.69 | 50.89 | 6.65 | -47.77 | -64.25 | -86.42 | -116.24 | -156.34 |
| Capital Expenditure | -5.43 | -3.46 | -2.04 | -0.68 | -3.92 | -6.18 | -8.31 | -11.17 | -15.03 | -20.22 |
| Free Cash Flow | -110.25 | -33.85 | 55.64 | 50.22 | 2.74 | -53.95 | -72.56 | -97.60 | -131.27 | -176.56 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -180.09 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 2,277.28 |
| Equity Value | - |
| Shares Outstanding | - |
| Equity Value Per Share | - |