Discounted Cash Flow (DCF) Analysis Levered

Summer Infant, Inc. (SUMR)

$11.99

-0.01 (-0.08%)
All numbers are in Millions, Currency in USD
Stock DCF: -26.56 | 11.99 | overvalue

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 189.87173.62173.18165.55158.26151.29144.62138.25132.16126.34120.77
Revenue (%)
Operating Cash Flow 1.215.551.542.602.492.382.272.172.081.991.90
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 -1.892.07-0.79-0.14-0.14-0.13-0.12-0.12-0.11-0.11-0.10

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 11.058
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 189.87173.62173.18165.55158.26151.29144.62138.25132.16126.34120.77
Operating Cash Flow 1.215.551.542.602.492.382.272.172.081.991.90
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 -1.892.07-0.79-0.14-0.14-0.13-0.12-0.12-0.11-0.11-0.10
WACC
PV LFCF -0.15-0.14-0.12-0.11-0.10-0.09-0.08-0.08
SUM PV LFCF -0.49

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.26
Free cash flow (t + 1) -0.11
Terminal Value -3.26
Present Value of Terminal Value -2.52

Intrinsic Value

Enterprise Value -3.01
Net Debt 54.18
Equity Value -57.19
Shares Outstanding 2.15
Equity Value Per Share -26.56