Discounted Cash Flow (DCF) Analysis Levered
Strattec Security Corporation (STRT)
$19.1
-0.01 (-0.05%)
All numbers are in Millions, Currency in USD
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 | 439.19 | 487.01 | 385.30 | 485.29 | 452.27 | 462.61 | 473.19 | 484.01 | 495.08 | 506.40 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 6.94 | 29.94 | 25.42 | 35.15 | 10.44 | 22.09 | 22.60 | 23.11 | 23.64 | 24.18 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -24.13 | -17.45 | -12.38 | -8.93 | -14.19 | -15.98 | -16.34 | -16.72 | -17.10 | -17.49 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -17.19 | 12.49 | 13.04 | 26.22 | -3.75 | 6.11 | 6.25 | 6.40 | 6.54 | 6.69 |
Weighted Average Cost Of Capital
Share price | $ 19.1 |
---|---|
Beta | 1.206 |
Diluted Shares Outstanding | 3.85 |
Cost of Debt | |
Tax Rate | 24.22 |
After-tax Cost of Debt | 1.52% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.391 |
Total Debt | 11 |
Total Equity | 73.57 |
Total Capital | 84.57 |
Debt Weighting | 13.01 |
Equity Weighting | 86.99 |
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 | 439.19 | 487.01 | 385.30 | 485.29 | 452.27 | 462.61 | 473.19 | 484.01 | 495.08 | 506.40 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 6.94 | 29.94 | 25.42 | 35.15 | 10.44 | 22.09 | 22.60 | 23.11 | 23.64 | 24.18 |
Capital Expenditure | -24.13 | -17.45 | -12.38 | -8.93 | -14.19 | -15.98 | -16.34 | -16.72 | -17.10 | -17.49 |
Free Cash Flow | -17.19 | 12.49 | 13.04 | 26.22 | -3.75 | 6.11 | 6.25 | 6.40 | 6.54 | 6.69 |
WACC | ||||||||||
PV LFCF | 5.64 | 5.32 | 5.03 | 4.74 | 4.48 | |||||
SUM PV LFCF | 25.21 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.37 |
Free cash flow (t + 1) | 6.83 |
Terminal Value | 107.17 |
Present Value of Terminal Value | 71.70 |
Intrinsic Value
Enterprise Value | 96.91 |
---|---|
Net Debt | 2.23 |
Equity Value | 94.69 |
Shares Outstanding | 3.85 |
Equity Value Per Share | 24.58 |