Discounted Cash Flow (DCF) Analysis Levered

Unifi, Inc. (UFI)

$14.37

+0.38 (+2.72%)
All numbers are in Millions, Currency in USD
Stock DCF: 13.45 | 14.37 | overvalue

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 647.27678.91708.80606.51667.59675.82684.15692.59701.12709.76
Revenue (%)
Operating Cash Flow 46.0637.347.2852.7236.6837.6238.0838.5539.0339.51
Operating Cash Flow (%)
Capital Expenditure -33.19-25.03-24.87-18.51-24.78-25.80-26.12-26.44-26.76-27.09
Capital Expenditure (%)
Free Cash Flow 12.8712.31-17.5934.2111.9011.8211.9612.1112.2612.41

Weighted Average Cost Of Capital

Share price $ 14.37
Beta 1.040
Diluted Shares Outstanding 18.86
Cost of Debt
Tax Rate 37.27
After-tax Cost of Debt 2.19%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.676
Total Debt 95.27
Total Equity 270.96
Total Capital 366.23
Debt Weighting 26.01
Equity Weighting 73.99
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 647.27678.91708.80606.51667.59675.82684.15692.59701.12709.76
Operating Cash Flow 46.0637.347.2852.7236.6837.6238.0838.5539.0339.51
Capital Expenditure -33.19-25.03-24.87-18.51-24.78-25.80-26.12-26.44-26.76-27.09
Free Cash Flow 12.8712.31-17.5934.2111.9011.8211.9612.1112.2612.41
WACC
PV LFCF 9.859.398.948.528.12
SUM PV LFCF 50.60

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.25
Free cash flow (t + 1) 12.66
Terminal Value 297.88
Present Value of Terminal Value 219.99

Intrinsic Value

Enterprise Value 270.59
Net Debt 17.02
Equity Value 253.58
Shares Outstanding 18.86
Equity Value Per Share 13.45