Discounted Cash Flow (DCF) Analysis Levered

Sprott Inc. (SII)

$37.36

+0.36 (+0.97%)
All numbers are in Millions, Currency in USD
Stock DCF: 18.98 | 37.36 | overvalue

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 73.2975.05114.41164.95154.27189.97233.92288.05354.70436.77
Revenue (%)
Operating Cash Flow 70.0531.9026.2451.2532.5080.9999.73122.80151.21186.20
Operating Cash Flow (%)
Capital Expenditure -90.69-2.26-13.19-0.69-0.13-52.73-64.93-79.96-98.46-121.24
Capital Expenditure (%)
Free Cash Flow -20.6429.6413.0550.5532.3728.2634.7942.8452.7664.96

Weighted Average Cost Of Capital

Share price $ 37.36
Beta 1.421
Diluted Shares Outstanding 25.91
Cost of Debt
Tax Rate 29.69
After-tax Cost of Debt 41.98%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.992
Total Debt 54.44
Total Equity 967.92
Total Capital 1,022.36
Debt Weighting 5.32
Equity Weighting 94.68
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 73.2975.05114.41164.95154.27189.97233.92288.05354.70436.77
Operating Cash Flow 70.0531.9026.2451.2532.5080.9999.73122.80151.21186.20
Capital Expenditure -90.69-2.26-13.19-0.69-0.13-52.73-64.93-79.96-98.46-121.24
Free Cash Flow -20.6429.6413.0550.5532.3728.2634.7942.8452.7664.96
WACC
PV LFCF 25.0927.4229.9832.7735.83
SUM PV LFCF 151.09

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 12.64
Free cash flow (t + 1) 66.26
Terminal Value 622.78
Present Value of Terminal Value 343.46

Intrinsic Value

Enterprise Value 494.55
Net Debt 2.76
Equity Value 491.79
Shares Outstanding 25.91
Equity Value Per Share 18.98