Discounted Cash Flow (DCF) Analysis Levered

Steel Connect, Inc. (STCN)

$0.84

-0.01 (-1.16%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.35 | 0.84 | 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 645.26819.83782.81613.77203.27169.76141.78118.4198.8982.59
Revenue (%)
Operating Cash Flow 11.7720.8571.6223.07-3.135.344.463.733.112.60
Operating Cash Flow (%)
Capital Expenditure -18.42-14.54-12.07-3.62-1.48-2.54-2.12-1.77-1.48-1.24
Capital Expenditure (%)
Free Cash Flow -6.656.3159.5519.45-4.622.802.341.951.631.36

Weighted Average Cost Of Capital

Share price $ 0.84
Beta 0.303
Diluted Shares Outstanding 59.96
Cost of Debt
Tax Rate 614.45
After-tax Cost of Debt -52.68%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.123
Total Debt 30.46
Total Equity 50.37
Total Capital 80.83
Debt Weighting 37.68
Equity Weighting 62.32
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 645.26819.83782.81613.77203.27169.76141.78118.4198.8982.59
Operating Cash Flow 11.7720.8571.6223.07-3.135.344.463.733.112.60
Capital Expenditure -18.42-14.54-12.07-3.62-1.48-2.54-2.12-1.77-1.48-1.24
Free Cash Flow -6.656.3159.5519.45-4.622.802.341.951.631.36
WACC
PV LFCF 3.363.373.373.383.39
SUM PV LFCF 16.86

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -16.66
Free cash flow (t + 1) 1.39
Terminal Value -7.44
Present Value of Terminal Value -18.51

Intrinsic Value

Enterprise Value -1.65
Net Debt -22.68
Equity Value 21.03
Shares Outstanding 59.96
Equity Value Per Share 0.35