Discounted Cash Flow (DCF) Analysis Levered

Security National Financial Corpora... (SNFCA)

$6.23

-0.07 (-1.11%)
All numbers are in Millions, Currency in USD
Stock DCF: -6.35 | 6.23 | overvalue

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 276.93279.62283.06481.46470.70553.14650.02763.86897.651,054.87
Revenue (%)
Operating Cash Flow 44.327.01-75.60-129.63144.64-4.86-5.71-6.71-7.89-9.27
Operating Cash Flow (%)
Capital Expenditure -0.91-1.28-1.84-1.63-5.22-3.19-3.75-4.41-5.18-6.09
Capital Expenditure (%)
Free Cash Flow 43.415.73-77.44-131.26139.42-8.05-9.46-11.12-13.07-15.36

Weighted Average Cost Of Capital

Share price $ 6.23
Beta 0.681
Diluted Shares Outstanding 21.98
Cost of Debt
Tax Rate -23.71
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.974
Total Debt -
Total Equity 136.91
Total Capital 136.91
Debt Weighting 0.00
Equity Weighting 100.00
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 276.93279.62283.06481.46470.70553.14650.02763.86897.651,054.87
Operating Cash Flow 44.327.01-75.60-129.63144.64-4.86-5.71-6.71-7.89-9.27
Capital Expenditure -0.91-1.28-1.84-1.63-5.22-3.19-3.75-4.41-5.18-6.09
Free Cash Flow 43.415.73-77.44-131.26139.42-8.05-9.46-11.12-13.07-15.36
WACC
PV LFCF -7.53-8.27-9.08-9.98-10.96
SUM PV LFCF -45.83

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.97
Free cash flow (t + 1) -15.66
Terminal Value -315.15
Present Value of Terminal Value -225.02

Intrinsic Value

Enterprise Value -270.84
Net Debt -131.35
Equity Value -139.49
Shares Outstanding 21.98
Equity Value Per Share -6.35