Discounted Cash Flow (DCF) Analysis Unlevered

Financial 15 Split Corp. (FTN.TO)

$9.17

-0.22 (-2.34%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 9.17 | 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 60.38-22.1785.72-85.55115.67-190.38313.34-515.72848.80-1,397.01
Revenue (%)
EBITDA 57.79-25.6182.77-88.10112.77-193.52318.51-524.22862.79-1,420.04
EBITDA (%)
EBIT ------193.52318.51-524.22862.79-1,420.04
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 78.4740.5266.11238.5828.1287.66-144.28237.46-390.82643.24
Total Cash (%)
Account Receivables 1.371.561.290.480.741.21-1.993.28-5.408.88
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 21.206.957.411.974.30-5.278.67-14.2723.49-38.67
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 9.17
Beta 1.742
Diluted Shares Outstanding 22.02
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.822
Total Debt -
Total Equity 201.95
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 60.38-22.1785.72-85.55115.67-190.38313.34-515.72848.80-1,397.01
EBITDA 57.79-25.6182.77-88.10112.77-193.52318.51-524.22862.79-1,420.04
EBIT ------193.52318.51-524.22862.79-1,420.04
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------193.52318.51-524.22862.79-1,420.04
Depreciation ----------
Accounts Receivable --0.190.270.81-0.26-0.473.20-5.278.68-14.28
Inventories ----------
Accounts Payable --14.250.46-5.442.33-9.5713.94-22.9537.77-62.16
Capital Expenditure ----------
UFCF ------203.56335.65-552.44909.24-1,496.48
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -1,526.41
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -28.12
Equity Value -
Shares Outstanding 22.02
Equity Value Per Share -