Discounted Cash Flow (DCF) Analysis Levered

Transcat, Inc. (TRNS)

$79.17

+2.28 (+2.97%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.34 | 79.17 | overvalue

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 155.14160.90173.10173.3355.8848.0141.2535.4430.4526.16
Revenue (%)
Operating Cash Flow 9.8712.5611.5623.6417.626.345.454.684.023.45
Operating Cash Flow (%)
Capital Expenditure -5.88-7-6.58-6.62-10.15-3.26-2.80-2.40-2.07-1.78
Capital Expenditure (%)
Free Cash Flow 3.995.564.9817.027.473.082.652.271.951.68

Weighted Average Cost Of Capital

Share price $ 79.17
Beta 0.869
Diluted Shares Outstanding 7.55
Cost of Debt
Tax Rate 26.43
After-tax Cost of Debt 0.48%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.951
Total Debt 57.65
Total Equity 597.58
Total Capital 655.22
Debt Weighting 8.80
Equity Weighting 91.20
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 155.14160.90173.10173.3355.8848.0141.2535.4430.4526.16
Operating Cash Flow 9.8712.5611.5623.6417.626.345.454.684.023.45
Capital Expenditure -5.88-7-6.58-6.62-10.15-3.26-2.80-2.40-2.07-1.78
Free Cash Flow 3.995.564.9817.027.473.082.652.271.951.68
WACC
PV LFCF 2.902.341.891.531.23
SUM PV LFCF 9.88

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.38
Free cash flow (t + 1) 1.71
Terminal Value 39.10
Present Value of Terminal Value 28.70

Intrinsic Value

Enterprise Value 38.58
Net Debt 56.25
Equity Value -17.67
Shares Outstanding 7.55
Equity Value Per Share -2.34