Discounted Cash Flow (DCF) Analysis Levered

Sprott Inc. (SII)

$36.01

-0.09 (-0.25%)
All numbers are in Millions, Currency in USD
Stock DCF: 45.83 | 36.01 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 91.0173.2975.05110.45164.95197.70236.97284.03340.44408.05
Revenue (%)
Operating Cash Flow 41.4770.0531.9026.2451.2594.30113.03135.48162.38194.63
Operating Cash Flow (%)
Capital Expenditure -0.82-90.69-2.26-13.19-0.69-55.36-66.36-79.54-95.33-114.27
Capital Expenditure (%)
Free Cash Flow 40.66-20.6429.6413.0550.5538.9446.6755.9467.0580.37

Weighted Average Cost Of Capital

Share price $ 36.01
Beta 1.188
Diluted Shares Outstanding 24.39
Cost of Debt
Tax Rate 26.57
After-tax Cost of Debt 3.67%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.448
Total Debt 29.77
Total Equity 878.20
Total Capital 907.97
Debt Weighting 3.28
Equity Weighting 96.72
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 91.0173.2975.05110.45164.95197.70236.97284.03340.44408.05
Operating Cash Flow 41.4770.0531.9026.2451.2594.30113.03135.48162.38194.63
Capital Expenditure -0.82-90.69-2.26-13.19-0.69-55.36-66.36-79.54-95.33-114.27
Free Cash Flow 40.66-20.6429.6413.0550.5538.9446.6755.9467.0580.37
WACC
PV LFCF 35.9639.8044.0548.7653.97
SUM PV LFCF 222.53

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.29
Free cash flow (t + 1) 81.97
Terminal Value 1,303.24
Present Value of Terminal Value 875.15

Intrinsic Value

Enterprise Value 1,097.69
Net Debt -20.04
Equity Value 1,117.72
Shares Outstanding 24.39
Equity Value Per Share 45.83