Discounted Cash Flow (DCF) Analysis Levered

Urban One, Inc. (UONE)

$5.35

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 11.01 | 5.35 | undervalue

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 440.04439.10436.93376.34441.46444.47447.51450.56453.63456.73
Revenue (%)
Operating Cash Flow 28.3150.2358.5073.8780.1561.3861.8062.2262.6463.07
Operating Cash Flow (%)
Capital Expenditure -7.45-4.83-5.15-4.27-5.63-5.67-5.71-5.75-5.79-5.83
Capital Expenditure (%)
Free Cash Flow 20.8645.4053.3669.5974.5255.7156.0956.4756.8557.24

Weighted Average Cost Of Capital

Share price $ 5.35
Beta 0.854
Diluted Shares Outstanding 54.14
Cost of Debt
Tax Rate 29.30
After-tax Cost of Debt 5.68%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.713
Total Debt 818.62
Total Equity 289.63
Total Capital 1,108.25
Debt Weighting 73.87
Equity Weighting 26.13
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 440.04439.10436.93376.34441.46444.47447.51450.56453.63456.73
Operating Cash Flow 28.3150.2358.5073.8780.1561.3861.8062.2262.6463.07
Capital Expenditure -7.45-4.83-5.15-4.27-5.63-5.67-5.71-5.75-5.79-5.83
Free Cash Flow 20.8645.4053.3669.5974.5255.7156.0956.4756.8557.24
WACC
PV LFCF 52.4549.7247.1344.6842.35
SUM PV LFCF 236.33

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.21
Free cash flow (t + 1) 58.39
Terminal Value 1,386.85
Present Value of Terminal Value 1,026.13

Intrinsic Value

Enterprise Value 1,262.46
Net Debt 666.40
Equity Value 596.07
Shares Outstanding 54.14
Equity Value Per Share 11.01