Discounted Cash Flow (DCF) Analysis Unlevered

Hudson Global, Inc. (HSON)

$29.8

-1.09 (-3.53%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 29.8 | 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 456.7266.9393.81101.45169.21181.79195.31209.83225.44242.20
Revenue (%)
EBITDA 2.098.66-1.41-0.534.945.205.5866.456.92
EBITDA (%)
EBIT -0.667.97-1.50-0.714.344.384.705.055.435.83
EBIT (%)
Depreciation 2.750.700.090.180.600.820.880.951.021.10
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 21.0440.5631.1925.8121.7149.7153.4157.3861.6566.23
Total Cash (%)
Account Receivables 71.889.8912.7913.4425.7526.4128.3730.4832.7535.18
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 6.961.461.060.580.872.152.312.492.672.87
Accounts Payable (%)
Capital Expenditure -1.47-0.47-0.08-0.02-0.48-0.51-0.55-0.59-0.64-0.68
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 29.8
Beta 0.617
Diluted Shares Outstanding 2.91
Cost of Debt
Tax Rate 25.71
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.709
Total Debt 0.48
Total Equity 86.75
Total Capital 87.23
Debt Weighting 0.55
Equity Weighting 99.45
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 456.7266.9393.81101.45169.21181.79195.31209.83225.44242.20
EBITDA 2.098.66-1.41-0.534.945.205.5866.456.92
EBIT -0.667.97-1.50-0.714.344.384.705.055.435.83
Tax Rate -362.42%252.25%30.90%-75.56%25.71%-25.82%-25.82%-25.82%-25.82%-25.82%
EBIAT -3.04-12.13-1.03-1.243.235.515.916.356.837.33
Depreciation 2.750.700.090.180.600.820.880.951.021.10
Accounts Receivable -61.99-2.90-0.65-12.30-0.66-1.96-2.11-2.27-2.44
Inventories ----------
Accounts Payable --5.50-0.40-0.490.291.280.160.170.180.20
Capital Expenditure -1.47-0.47-0.08-0.02-0.48-0.51-0.55-0.59-0.64-0.68
UFCF -1.7644.59-4.33-2.22-8.666.444.444.775.135.51
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 5.62
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -21.23
Equity Value -
Shares Outstanding 2.91
Equity Value Per Share -