Discounted Cash Flow (DCF) Analysis Unlevered

Central Securities Corp. (CET)

$34.6935

+0.95 (+2.83%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 34.6935 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 174.85-28.49256.9679.89360.31-393428.66-467.55509.97-556.24
Revenue (%)
EBITDA 169.21-34.27251.0273.72353.58-397.08433.11-472.41515.27-562.02
EBITDA (%)
EBIT 169.21-34.28251.0173.72353.58-397.08433.11-472.41515.27-562.02
EBIT (%)
Depreciation 0.01000.010.01-00-00-0
Depreciation (%)

Balance Sheet Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 2.660.230.660.970.61-1.852.02-2.202.40-2.62
Total Cash (%)
Account Receivables 0.470.410.420.640.690.01-0.010.01-0.020.02
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.99-0.161.460.452.04-2.232.43-2.652.89-3.15
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 34.6,935
Beta 0.848
Diluted Shares Outstanding 25.48
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.640
Total Debt 0.20
Total Equity 884.12
Total Capital 884.31
Debt Weighting 0.02
Equity Weighting 99.98
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 174.85-28.49256.9679.89360.31-393428.66-467.55509.97-556.24
EBITDA 169.21-34.27251.0273.72353.58-397.08433.11-472.41515.27-562.02
EBIT 169.21-34.28251.0173.72353.58-397.08433.11-472.41515.27-562.02
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT 169.21-34.28251.0173.72353.58-397.08433.11-472.41515.27-562.02
Depreciation 0.01000.010.01-00-00-0
Accounts Receivable -0.06-0.01-0.22-0.050.680.03-0.030.03-0.03
Inventories ----------
Accounts Payable --1.151.62-11.59-4.274.65-5.075.54-6.04
Capital Expenditure ----------
UFCF ------400.67437.79-477.51520.83-568.09
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -579.45
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -0.41
Equity Value -
Shares Outstanding 25.48
Equity Value Per Share -