Discounted Cash Flow (DCF) Analysis Levered
VOXX International Corporation (VOXX)
$7.68
-0.15 (-1.92%)
All numbers are in Millions, Currency in USD
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 | 446.82 | 394.89 | 563.61 | 635.92 | 534.01 | 571.27 | 611.13 | 653.77 | 699.39 | 748.19 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 22.56 | -1.01 | 36.61 | -2.96 | -38.21 | 4.19 | 4.49 | 4.80 | 5.13 | 5.49 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -4.76 | -2.91 | -2.91 | -3.90 | -3.56 | -4.11 | -4.40 | -4.71 | -5.03 | -5.39 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 17.80 | -3.92 | 33.70 | -6.86 | -41.77 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 |
Weighted Average Cost Of Capital
Share price | $ 7.68 |
---|---|
Beta | 1.437 |
Diluted Shares Outstanding | 24.33 |
Cost of Debt | |
Tax Rate | 0.13 |
After-tax Cost of Debt | 11.43% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.221 |
Total Debt | 40.59 |
Total Equity | 186.82 |
Total Capital | 227.41 |
Debt Weighting | 17.85 |
Equity Weighting | 82.15 |
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 | 446.82 | 394.89 | 563.61 | 635.92 | 534.01 | 571.27 | 611.13 | 653.77 | 699.39 | 748.19 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 22.56 | -1.01 | 36.61 | -2.96 | -38.21 | 4.19 | 4.49 | 4.80 | 5.13 | 5.49 |
Capital Expenditure | -4.76 | -2.91 | -2.91 | -3.90 | -3.56 | -4.11 | -4.40 | -4.71 | -5.03 | -5.39 |
Free Cash Flow | 17.80 | -3.92 | 33.70 | -6.86 | -41.77 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 |
WACC | ||||||||||
PV LFCF | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | |||||
SUM PV LFCF | 0.34 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.26 |
Free cash flow (t + 1) | 0.11 |
Terminal Value | 1.16 |
Present Value of Terminal Value | 0.68 |
Intrinsic Value
Enterprise Value | 1.02 |
---|---|
Net Debt | 34.45 |
Equity Value | -33.43 |
Shares Outstanding | 24.33 |
Equity Value Per Share | -1.37 |