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 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 189.87 | 173.62 | 173.18 | 165.55 | 158.26 | 151.29 | 144.62 | 138.25 | 132.16 | 126.34 | 120.77 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| Operating Cash Flow | 1.21 | 5.55 | 1.54 | 2.60 | 2.49 | 2.38 | 2.27 | 2.17 | 2.08 | 1.99 | 1.90 |
| Operating Cash Flow (%) | |||||||||||
| Capital Expenditure | -3.10 | -3.47 | -2.33 | -2.75 | -2.63 | -2.51 | -2.40 | -2.29 | -2.19 | -2.10 | -2 |
| Capital Expenditure (%) | |||||||||||
| Free Cash Flow | -1.89 | 2.07 | -0.79 | -0.14 | -0.14 | -0.13 | -0.12 | -0.12 | -0.11 | -0.11 | -0.10 |
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 | 2.53% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.350 |
| 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 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 189.87 | 173.62 | 173.18 | 165.55 | 158.26 | 151.29 | 144.62 | 138.25 | 132.16 | 126.34 | 120.77 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.21 | 5.55 | 1.54 | 2.60 | 2.49 | 2.38 | 2.27 | 2.17 | 2.08 | 1.99 | 1.90 |
| Capital Expenditure | -3.10 | -3.47 | -2.33 | -2.75 | -2.63 | -2.51 | -2.40 | -2.29 | -2.19 | -2.10 | -2 |
| Free Cash Flow | -1.89 | 2.07 | -0.79 | -0.14 | -0.14 | -0.13 | -0.12 | -0.12 | -0.11 | -0.11 | -0.10 |
| WACC | |||||||||||
| PV LFCF | -0.15 | -0.14 | -0.12 | -0.11 | -0.10 | -0.09 | -0.09 | -0.08 | |||
| SUM PV LFCF | -0.50 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.04 |
| Free cash flow (t + 1) | -0.11 |
| Terminal Value | -3.49 |
| Present Value of Terminal Value | -2.73 |
Intrinsic Value
| Enterprise Value | -3.23 |
|---|---|
| Net Debt | 54.18 |
| Equity Value | -57.41 |
| Shares Outstanding | 2.15 |
| Equity Value Per Share | -26.66 |