Discounted Cash Flow (DCF) Analysis Unlevered

OptimumBank Holdings, Inc. (OPHC)

$4.07

-0.07 (-1.69%)
All numbers are in Millions, Currency in USD
Stock DCF: 31.46 | 4.07 | 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 3.573.133.315.2810.3914.2819.6226.9537.0350.89
Revenue (%)
EBITDA 0.762.201.161.274.055.417.4310.2114.0319.27
EBITDA (%)
EBIT 0.612.040.890.943.454.576.288.6311.8616.30
EBIT (%)
Depreciation 0.150.160.260.330.610.831.151.572.162.97
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 23.1010.3414.3473.5248.0893.21128.07175.98241.81332.26
Total Cash (%)
Account Receivables 0.320.310.431.340.971.902.613.594.936.77
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable ----------
Accounts Payable (%)
Capital Expenditure -0.09-0.23-0.51-0.20-0.76-1.04-1.44-1.97-2.71-3.72
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 4.07
Beta 0.817
Diluted Shares Outstanding 4.35
Cost of Debt
Tax Rate -105.15
After-tax Cost of Debt 94.71%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.662
Total Debt 1.04
Total Equity 17.69
Total Capital 18.73
Debt Weighting 5.55
Equity Weighting 94.45
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 3.573.133.315.2810.3914.2819.6226.9537.0350.89
EBITDA 0.762.201.161.274.055.417.4310.2114.0319.27
EBIT 0.612.040.890.943.454.576.288.6311.8616.30
Tax Rate 0.00%0.00%4.51%0.00%-105.15%-20.13%-20.13%-20.13%-20.13%-20.13%
EBIAT 0.612.040.850.947.075.497.5510.3714.2519.58
Depreciation 0.150.160.260.330.610.831.151.572.162.97
Accounts Receivable -0-0.12-0.900.37-0.93-0.71-0.98-1.34-1.84
Inventories ----------
Accounts Payable ----------
Capital Expenditure -0.09-0.23-0.51-0.20-0.76-1.04-1.44-1.97-2.71-3.72
UFCF 0.661.970.490.167.284.356.55912.3616.99
WACC
PV UFCF 3.875.176.327.729.43
SUM PV UFCF 32.51

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 12.50
Free cash flow (t + 1) 17.33
Terminal Value 165.01
Present Value of Terminal Value 91.57

Intrinsic Value

Enterprise Value 124.08
Net Debt -12.64
Equity Value 136.72
Shares Outstanding 4.35
Equity Value Per Share 31.46