Discounted Cash Flow (DCF) Analysis Levered
Summer Infant, Inc. (SUMR)
$11.99
-0.01 (-0.08%)
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 | 189.87 | 173.62 | 173.18 | 155.30 | 143.67 | 134.10 | 125.17 | 116.84 | 109.06 | 101.80 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 1.21 | 5.55 | 1.54 | 17.61 | -8.39 | 2.74 | 2.56 | 2.39 | 2.23 | 2.08 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -3.10 | -3.47 | -2.33 | -1.28 | -1.25 | -1.79 | -1.67 | -1.56 | -1.45 | -1.36 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -1.89 | 2.07 | -0.79 | 16.33 | -9.64 | 0.95 | 0.89 | 0.83 | 0.77 | 0.72 |
Weighted Average Cost Of Capital
Share price | $ 11.99 |
---|---|
Beta | 1.559 |
Diluted Shares Outstanding | 2.15 |
Cost of Debt | |
Tax Rate | -68.39 |
After-tax Cost of Debt | 4.35% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.708 |
Total Debt | 54.71 |
Total Equity | 25.81 |
Total Capital | 80.53 |
Debt Weighting | 67.94 |
Equity Weighting | 32.06 |
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 | 189.87 | 173.62 | 173.18 | 155.30 | 143.67 | 134.10 | 125.17 | 116.84 | 109.06 | 101.80 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 1.21 | 5.55 | 1.54 | 17.61 | -8.39 | 2.74 | 2.56 | 2.39 | 2.23 | 2.08 |
Capital Expenditure | -3.10 | -3.47 | -2.33 | -1.28 | -1.25 | -1.79 | -1.67 | -1.56 | -1.45 | -1.36 |
Free Cash Flow | -1.89 | 2.07 | -0.79 | 16.33 | -9.64 | 0.95 | 0.89 | 0.83 | 0.77 | 0.72 |
WACC | ||||||||||
PV LFCF | 0.89 | 0.78 | 0.68 | 0.60 | 0.52 | |||||
SUM PV LFCF | 3.47 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.71 |
Free cash flow (t + 1) | 0.74 |
Terminal Value | 15.64 |
Present Value of Terminal Value | 11.30 |
Intrinsic Value
Enterprise Value | 14.78 |
---|---|
Net Debt | 54.18 |
Equity Value | -39.40 |
Shares Outstanding | 2.15 |
Equity Value Per Share | -18.30 |