Discounted Cash Flow (DCF) Analysis Levered
StoneMor Inc. (STON)
$3.41
0.00 (0.00%)
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 | 338.23 | 316.13 | 289.52 | 279.54 | 322.84 | 320.50 | 318.17 | 315.85 | 313.56 | 311.28 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 14.98 | 26.46 | -37.99 | 1.36 | 2.63 | 0.63 | 0.62 | 0.62 | 0.61 | 0.61 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -10.79 | -12.17 | -6.42 | -6.36 | -12 | -9.77 | -9.70 | -9.63 | -9.56 | -9.49 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 4.19 | 14.29 | -44.40 | -5 | -9.37 | -9.15 | -9.08 | -9.02 | -8.95 | -8.88 |
Weighted Average Cost Of Capital
Share price | $ 3.41 |
---|---|
Beta | 0.881 |
Diluted Shares Outstanding | 107 |
Cost of Debt | |
Tax Rate | 26.61 |
After-tax Cost of Debt | 7.33% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.048 |
Total Debt | 390.16 |
Total Equity | 364.87 |
Total Capital | 755.04 |
Debt Weighting | 51.67 |
Equity Weighting | 48.33 |
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 | 338.23 | 316.13 | 289.52 | 279.54 | 322.84 | 320.50 | 318.17 | 315.85 | 313.56 | 311.28 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 14.98 | 26.46 | -37.99 | 1.36 | 2.63 | 0.63 | 0.62 | 0.62 | 0.61 | 0.61 |
Capital Expenditure | -10.79 | -12.17 | -6.42 | -6.36 | -12 | -9.77 | -9.70 | -9.63 | -9.56 | -9.49 |
Free Cash Flow | 4.19 | 14.29 | -44.40 | -5 | -9.37 | -9.15 | -9.08 | -9.02 | -8.95 | -8.88 |
WACC | ||||||||||
PV LFCF | -8.53 | -7.90 | -7.32 | -6.78 | -6.28 | |||||
SUM PV LFCF | -36.82 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.19 |
Free cash flow (t + 1) | -9.06 |
Terminal Value | -174.61 |
Present Value of Terminal Value | -123.39 |
Intrinsic Value
Enterprise Value | -160.21 |
---|---|
Net Debt | 306.28 |
Equity Value | -466.49 |
Shares Outstanding | 107 |
Equity Value Per Share | -4.36 |