Discounted Cash Flow (DCF) Analysis Levered
Team, Inc. (TISI)
$8.06
+0.99 (+14.00%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1,246.93 | 1,163.31 | 852.54 | 874.55 | 840.21 | 767.18 | 700.50 | 639.62 | 584.03 | 533.27 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 41.86 | 58.84 | 52.76 | -35.45 | -57.93 | 5.61 | 5.12 | 4.67 | 4.27 | 3.90 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -27.16 | -29.04 | -19.96 | -17.60 | -24.69 | -18.36 | -16.77 | -15.31 | -13.98 | -12.76 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 14.69 | 29.80 | 32.81 | -53.06 | -82.62 | -12.75 | -11.65 | -10.63 | -9.71 | -8.87 |
Weighted Average Cost Of Capital
| Share price | $ 8.06 |
|---|---|
| Beta | 1.887 |
| Diluted Shares Outstanding | 4.19 |
| Cost of Debt | |
| Tax Rate | -2.25 |
| After-tax Cost of Debt | 25.12% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.717 |
| Total Debt | 338.58 |
| Total Equity | 33.75 |
| Total Capital | 372.32 |
| Debt Weighting | 90.94 |
| Equity Weighting | 9.06 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1,246.93 | 1,163.31 | 852.54 | 874.55 | 840.21 | 767.18 | 700.50 | 639.62 | 584.03 | 533.27 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 41.86 | 58.84 | 52.76 | -35.45 | -57.93 | 5.61 | 5.12 | 4.67 | 4.27 | 3.90 |
| Capital Expenditure | -27.16 | -29.04 | -19.96 | -17.60 | -24.69 | -18.36 | -16.77 | -15.31 | -13.98 | -12.76 |
| Free Cash Flow | 14.69 | 29.80 | 32.81 | -53.06 | -82.62 | -12.75 | -11.65 | -10.63 | -9.71 | -8.87 |
| WACC | ||||||||||
| PV LFCF | -10.29 | -7.57 | -5.58 | -4.11 | -3.02 | |||||
| SUM PV LFCF | -30.57 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 24.00 |
| Free cash flow (t + 1) | -9.04 |
| Terminal Value | -41.10 |
| Present Value of Terminal Value | -14.02 |
Intrinsic Value
| Enterprise Value | -44.59 |
|---|---|
| Net Debt | 280.50 |
| Equity Value | -325.09 |
| Shares Outstanding | 4.19 |
| Equity Value Per Share | -77.64 |