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 |