Discounted Cash Flow (DCF) Analysis Levered

Southern Missouri Bancorp, Inc. (SMBC)

$55.1

-0.49 (-0.88%)
All numbers are in Millions, Currency in USD
Stock DCF: 138.79 | 55.1 | undervalue

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 74.6785.8394.89112.73124.77141.92161.42183.61208.84237.54
Revenue (%)
Operating Cash Flow 30.6438.6040.3051.7654.4061.8870.3880.0591.05103.57
Operating Cash Flow (%)
Capital Expenditure -2.14-7.70-4.30-2.86-5.89-6.71-7.63-8.67-9.87-11.22
Capital Expenditure (%)
Free Cash Flow 28.5130.913648.9148.5055.1762.7571.3881.1992.35

Weighted Average Cost Of Capital

Share price $ 55.1
Beta 0.974
Diluted Shares Outstanding 9.01
Cost of Debt
Tax Rate 21.26
After-tax Cost of Debt 17.17%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.571
Total Debt 61.01
Total Equity 496.53
Total Capital 557.55
Debt Weighting 10.94
Equity Weighting 89.06
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 74.6785.8394.89112.73124.77141.92161.42183.61208.84237.54
Operating Cash Flow 30.6438.6040.3051.7654.4061.8870.3880.0591.05103.57
Capital Expenditure -2.14-7.70-4.30-2.86-5.89-6.71-7.63-8.67-9.87-11.22
Free Cash Flow 28.5130.913648.9148.5055.1762.7571.3881.1992.35
WACC
PV LFCF 43.0545.0847.2149.4351.77
SUM PV LFCF 279.08

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.62
Free cash flow (t + 1) 94.19
Terminal Value 1,422.85
Present Value of Terminal Value 941.04

Intrinsic Value

Enterprise Value 1,220.12
Net Debt -30.57
Equity Value 1,250.68
Shares Outstanding 9.01
Equity Value Per Share 138.79