Discounted Cash Flow (DCF) Analysis Levered
Spok Holdings, Inc. (SPOK)
$7.17
+0.03 (+0.42%)
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 | 171.18 | 169.47 | 160.29 | 148.18 | 142.15 | 135.74 | 129.62 | 123.78 | 118.20 | 112.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 15.56 | 10.31 | 11.69 | 26.16 | 7.97 | 12.42 | 11.86 | 11.32 | 10.81 | 10.32 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -9.21 | -5.92 | -4.84 | -14.71 | -15.24 | -8.83 | -8.43 | -8.05 | -7.69 | -7.34 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 6.34 | 4.40 | 6.86 | 11.46 | -7.27 | 3.58 | 3.42 | 3.27 | 3.12 | 2.98 |
Weighted Average Cost Of Capital
| Share price | $ 7.17 |
|---|---|
| Beta | 0.384 |
| Diluted Shares Outstanding | 19.46 |
| Cost of Debt | |
| Tax Rate | 18.85 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.661 |
| Total Debt | 17.29 |
| Total Equity | 139.56 |
| Total Capital | 156.85 |
| Debt Weighting | 11.02 |
| Equity Weighting | 88.98 |
| 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 | 171.18 | 169.47 | 160.29 | 148.18 | 142.15 | 135.74 | 129.62 | 123.78 | 118.20 | 112.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 15.56 | 10.31 | 11.69 | 26.16 | 7.97 | 12.42 | 11.86 | 11.32 | 10.81 | 10.32 |
| Capital Expenditure | -9.21 | -5.92 | -4.84 | -14.71 | -15.24 | -8.83 | -8.43 | -8.05 | -7.69 | -7.34 |
| Free Cash Flow | 6.34 | 4.40 | 6.86 | 11.46 | -7.27 | 3.58 | 3.42 | 3.27 | 3.12 | 2.98 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 3.04 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -27.30 |
| Equity Value | - |
| Shares Outstanding | 19.46 |
| Equity Value Per Share | - |