Discounted Cash Flow (DCF) Analysis Unlevered

North American Financial 15 Split C... (FFN.TO)

$5.64

+0.04 (+0.71%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 5.64 | 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 26.68-10.9839.03-38.1289.90-164.07299.42-546.44997.24-1,819.93
Revenue (%)
EBITDA 25.37-12.7137.50-39.3587.31-166.45303.76-554.361,011.70-1,846.32
EBITDA (%)
EBIT ------166.45303.76-554.361,011.70-1,846.32
EBIT (%)
Depreciation ----------
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 21.93301.2216.2722.5957.60857.70-1,565.272,856.59-5,213.209,513.97
Total Cash (%)
Account Receivables 0.650.700.630.340.700.82-1.492.72-4.969.05
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 6.623.163.150.966.79-3.015.49-10.0318.30-33.39
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 5.64
Beta 2.877
Diluted Shares Outstanding 25.73
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 17.096
Total Debt -
Total Equity 145.10
Total Capital -
Debt Weighting -
Equity Weighting -
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 26.68-10.9839.03-38.1289.90-164.07299.42-546.44997.24-1,819.93
EBITDA 25.37-12.7137.50-39.3587.31-166.45303.76-554.361,011.70-1,846.32
EBIT ------166.45303.76-554.361,011.70-1,846.32
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------166.45303.76-554.361,011.70-1,846.32
Depreciation ----------
Accounts Receivable --0.060.070.29-0.36-0.122.31-4.217.68-14.01
Inventories ----------
Accounts Payable --3.46-0.01-2.195.83-9.808.50-15.5228.32-51.69
Capital Expenditure ----------
UFCF ------176.36314.57-574.091,047.70-1,912.02
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -1,950.26
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -57.60
Equity Value -
Shares Outstanding 25.73
Equity Value Per Share -