Discounted Cash Flow (DCF) Analysis Levered
Vidler Water Resources, Inc. (VWTR)
$15.75
0.00 (0.00%)
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 | 26.39 | 13.64 | 28.61 | 9.03 | 28.23 | 42.74 | 64.71 | 97.99 | 148.37 | 224.66 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -10.07 | 3.04 | 15.61 | 1.78 | 21.46 | 11.49 | 17.40 | 26.35 | 39.90 | 60.42 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0 | -0.02 | -0.01 | -0.07 | -0.01 | -0.08 | -0.12 | -0.19 | -0.28 | -0.43 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -10.08 | 3.02 | 15.60 | 1.72 | 21.45 | 11.41 | 17.28 | 26.16 | 39.62 | 59.99 |
Weighted Average Cost Of Capital
| Share price | $ 15.75 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | - |
| Cost of Debt | |
| Tax Rate | -122.36 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.558 |
| Total Debt | 0.24 |
| Total Equity | - |
| Total Capital | 0.24 |
| Debt Weighting | 100.00 |
| Equity Weighting | 0.00 |
| 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 | 26.39 | 13.64 | 28.61 | 9.03 | 28.23 | 42.74 | 64.71 | 97.99 | 148.37 | 224.66 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -10.07 | 3.04 | 15.61 | 1.78 | 21.46 | 11.49 | 17.40 | 26.35 | 39.90 | 60.42 |
| Capital Expenditure | -0 | -0.02 | -0.01 | -0.07 | -0.01 | -0.08 | -0.12 | -0.19 | -0.28 | -0.43 |
| Free Cash Flow | -10.08 | 3.02 | 15.60 | 1.72 | 21.45 | 11.41 | 17.28 | 26.16 | 39.62 | 59.99 |
| WACC | ||||||||||
| PV LFCF | 10.87 | 15.67 | 22.60 | 32.59 | 47 | |||||
| SUM PV LFCF | 128.74 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.00 |
| Free cash flow (t + 1) | 61.19 |
| Terminal Value | 2,039.61 |
| Present Value of Terminal Value | 1,598.08 |
Intrinsic Value
| Enterprise Value | 1,726.83 |
|---|---|
| Net Debt | -27.94 |
| Equity Value | 1,754.77 |
| Shares Outstanding | - |
| Equity Value Per Share | Infinity |