Discounted Cash Flow (DCF) Analysis Levered
Strattec Security Corporation (STRT)
$22.85
+0.05 (+0.22%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 487.01 | 385.30 | 485.29 | 452.27 | 492.95 | 501.89 | 511 | 520.27 | 529.71 | 539.32 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 29.94 | 25.42 | 35.15 | 10.44 | 10.10 | 24.44 | 24.88 | 25.33 | 25.79 | 26.26 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -17.45 | -12.38 | -8.93 | -14.19 | -17.37 | -15.36 | -15.63 | -15.92 | -16.21 | -16.50 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 12.49 | 13.04 | 26.22 | -3.75 | -7.28 | 9.08 | 9.25 | 9.41 | 9.58 | 9.76 |
Weighted Average Cost Of Capital
Share price | $ 22.85 |
---|---|
Beta | 1.175 |
Diluted Shares Outstanding | 3.92 |
Cost of Debt | |
Tax Rate | 13.02 |
After-tax Cost of Debt | 6.42% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.141 |
Total Debt | 13 |
Total Equity | 89.59 |
Total Capital | 102.59 |
Debt Weighting | 12.67 |
Equity Weighting | 87.33 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 487.01 | 385.30 | 485.29 | 452.27 | 492.95 | 501.89 | 511 | 520.27 | 529.71 | 539.32 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 29.94 | 25.42 | 35.15 | 10.44 | 10.10 | 24.44 | 24.88 | 25.33 | 25.79 | 26.26 |
Capital Expenditure | -17.45 | -12.38 | -8.93 | -14.19 | -17.37 | -15.36 | -15.63 | -15.92 | -16.21 | -16.50 |
Free Cash Flow | 12.49 | 13.04 | 26.22 | -3.75 | -7.28 | 9.08 | 9.25 | 9.41 | 9.58 | 9.76 |
WACC | ||||||||||
PV LFCF | 8.28 | 7.69 | 7.14 | 6.63 | 6.15 | |||||
SUM PV LFCF | 35.88 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.67 |
Free cash flow (t + 1) | 9.95 |
Terminal Value | 129.77 |
Present Value of Terminal Value | 81.80 |
Intrinsic Value
Enterprise Value | 117.68 |
---|---|
Net Debt | -7.57 |
Equity Value | 125.25 |
Shares Outstanding | 3.92 |
Equity Value Per Share | 31.94 |