Discounted Cash Flow (DCF) Analysis Levered
Sotherly Hotels Inc. (SOHON)
$25.3
+0.15 (+0.60%)
All numbers are in Millions, Currency in USD
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 | 154.27 | 178.17 | 185.79 | 71.50 | 127.59 | 139.29 | 152.07 | 166.02 | 181.25 | 197.88 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 15.76 | 26.16 | 22.46 | -11.26 | 2,322.50 | 513.03 | 560.09 | 611.47 | 667.57 | 728.81 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 513.03 | 560.09 | 611.47 | 667.57 | 728.81 |
Weighted Average Cost Of Capital
Share price | $ 25.3 |
---|---|
Beta | 1.621 |
Diluted Shares Outstanding | 4.38 |
Cost of Debt | |
Tax Rate | -0.10 |
After-tax Cost of Debt | 5.00% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.168 |
Total Debt | - |
Total Equity | 110.93 |
Total Capital | 110.93 |
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 | 154.27 | 178.17 | 185.79 | 71.50 | 127.59 | 139.29 | 152.07 | 166.02 | 181.25 | 197.88 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 15.76 | 26.16 | 22.46 | -11.26 | 2,322.50 | 513.03 | 560.09 | 611.47 | 667.57 | 728.81 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 513.03 | 560.09 | 611.47 | 667.57 | 728.81 |
WACC | ||||||||||
PV LFCF | 461.48 | 453.19 | 445.06 | 437.06 | 429.22 | |||||
SUM PV LFCF | 2,226.01 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.17 |
Free cash flow (t + 1) | 743.39 |
Terminal Value | 8,106.73 |
Present Value of Terminal Value | 4,774.28 |
Intrinsic Value
Enterprise Value | 7,000.29 |
---|---|
Net Debt | -13.17 |
Equity Value | 7,013.46 |
Shares Outstanding | 4.38 |
Equity Value Per Share | 1,599.56 |