Discounted Cash Flow (DCF) Analysis Unlevered

Bowl America Incorporated (BWL-A)

$8.9

-0.20 (-2.20%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 8.9 | undervalue

Operating Data

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 24.1023.9324.7724.4217.7816.6315.5614.5613.6212.74
Revenue (%)
EBITDA 4.464.735.354.931.362.922.732.552.392.24
EBITDA (%)
EBIT 3.313.754.403.950.402.182.041.911.791.67
EBIT (%)
Depreciation 1.150.970.950.980.960.730.690.640.600.56
Depreciation (%)

Balance Sheet Data

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash 1.473.563.177.731.792.512.352.202.061.92
Total Cash (%)
Account Receivables --0.190.440.230.210.200.190.180.16
Account Receivables (%)
Inventories 0.560.530.490.520.490.380.350.330.310.29
Inventories (%)
Accounts Payable 0.660.670.810.820.270.460.430.400.370.35
Accounts Payable (%)
Capital Expenditure -0.32-0.33-0.79-0.43-0.34-0.32-0.30-0.28-0.26-0.24
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 8.9
Beta 0.724
Diluted Shares Outstanding 5.16
Cost of Debt
Tax Rate 0.20
After-tax Cost of Debt 4.99%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.298
Total Debt -
Total Equity 45.93
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 24.1023.9324.7724.4217.7816.6315.5614.5613.6212.74
EBITDA 4.464.735.354.931.362.922.732.552.392.24
EBIT 3.313.754.403.950.402.182.041.911.791.67
Tax Rate 35.04%34.56%14.02%22.80%0.20%21.33%21.33%21.33%21.33%21.33%
EBIAT 2.152.463.793.050.401.721.611.501.411.32
Depreciation 1.150.970.950.980.960.730.690.640.600.56
Accounts Receivable ----0.250.210.010.010.010.010.01
Inventories -0.030.04-0.030.030.110.020.020.020.02
Accounts Payable -0.010.130.01-0.550.19-0.03-0.03-0.03-0.02
Capital Expenditure -0.32-0.33-0.79-0.43-0.34-0.32-0.30-0.28-0.26-0.24
UFCF 2.983.144.123.340.712.442.011.881.761.64
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 1.68
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -1.66
Equity Value -
Shares Outstanding 5.16
Equity Value Per Share -