Discounted Cash Flow (DCF) Analysis Levered

Hostess Brands, Inc. (TWNKW)

$3.2

+0.94 (+41.59%)
All numbers are in Millions, Currency in USD

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 776.19850.39907.671,016.611,142.041,258.051,385.861,526.641,681.731,852.58
Revenue (%)
Operating Cash Flow 163.69143.65143.97159.24203.03219.62241.93266.51293.58323.40
Operating Cash Flow (%)
Capital Expenditure -35.29-48.42-40.48-58.25-65.43-65.82-72.51-79.88-87.99-96.93
Capital Expenditure (%)
Free Cash Flow 128.3995.23103.49100.99137.60153.80169.42186.63205.59226.48

Weighted Average Cost Of Capital

Share price $ 3.2
Beta 0.692
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 25.35
After-tax Cost of Debt 2.66%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.155
Total Debt 1,114.14
Total Equity -
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 776.19850.39907.671,016.611,142.041,258.051,385.861,526.641,681.731,852.58
Operating Cash Flow 163.69143.65143.97159.24203.03219.62241.93266.51293.58323.40
Capital Expenditure -35.29-48.42-40.48-58.25-65.43-65.82-72.51-79.88-87.99-96.93
Free Cash Flow 128.3995.23103.49100.99137.60153.80169.42186.63205.59226.48
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 231.01
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 864.99
Equity Value -
Shares Outstanding -
Equity Value Per Share -