Discounted Cash Flow (DCF) Analysis Levered

Value Line, Inc. (VALU)

$42.94

+0.19 (+0.44%)
All numbers are in Millions, Currency in USD
Stock DCF: 31.55 | 42.94 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 36.2640.3040.3940.5239.7040.6541.6442.6443.6744.73
Revenue (%)
Operating Cash Flow 11.8313.7416.4124.6518.1817.4017.8218.2518.6919.14
Operating Cash Flow (%)
Capital Expenditure -0.12-0-0.18-0.01-0.14-0.09-0.10-0.10-0.10-0.10
Capital Expenditure (%)
Free Cash Flow 11.7113.7416.2324.6318.0417.3017.7218.1518.5919.04

Weighted Average Cost Of Capital

Share price $ 42.94
Beta 0.782
Diluted Shares Outstanding 9.46
Cost of Debt
Tax Rate 24.00
After-tax Cost of Debt 3.80%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.976
Total Debt 6.13
Total Equity 406.15
Total Capital 412.28
Debt Weighting 1.49
Equity Weighting 98.51
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 36.2640.3040.3940.5239.7040.6541.6442.6443.6744.73
Operating Cash Flow 11.8313.7416.4124.6518.1817.4017.8218.2518.6919.14
Capital Expenditure -0.12-0-0.18-0.01-0.14-0.09-0.10-0.10-0.10-0.10
Free Cash Flow 11.7113.7416.2324.6318.0417.3017.7218.1518.5919.04
WACC
PV LFCF 16.0315.2214.4413.7113.01
SUM PV LFCF 72.41

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.91
Free cash flow (t + 1) 19.42
Terminal Value 328.55
Present Value of Terminal Value 224.54

Intrinsic Value

Enterprise Value 296.95
Net Debt -1.46
Equity Value 298.41
Shares Outstanding 9.46
Equity Value Per Share 31.55