Discounted Cash Flow (DCF) Analysis Unlevered

RF Industries, Ltd. (RFIL)

$5.23

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 5.23 | 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 30.9650.2055.3343.0457.4269.4283.91101.44122.62148.23
Revenue (%)
EBITDA 1.397.835.120.577.996.197.489.0410.9313.21
EBITDA (%)
EBIT 0.527.314.56-0.457.2256.047.308.8310.67
EBIT (%)
Depreciation 0.880.510.561.010.771.191.441.742.102.54
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 6.0416.3312.5415.8013.0518.6222.5127.2132.9039.77
Total Cash (%)
Account Receivables 3.984.2812.195.6713.5211.1313.4516.2619.6523.76
Account Receivables (%)
Inventories 6.117.118.258.5911.1812.2514.8117.9021.6426.15
Inventories (%)
Accounts Payable 1.361.342.411.473.502.913.514.255.136.21
Accounts Payable (%)
Capital Expenditure -0.17-0.27-0.54-0.24-0.23-0.42-0.50-0.61-0.73-0.89
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 5.23
Beta 1.099
Diluted Shares Outstanding 10.21
Cost of Debt
Tax Rate 14.35
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.735
Total Debt 1.51
Total Equity 53.40
Total Capital 54.90
Debt Weighting 2.74
Equity Weighting 97.26
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 30.9650.2055.3343.0457.4269.4283.91101.44122.62148.23
EBITDA 1.397.835.120.577.996.197.489.0410.9313.21
EBIT 0.527.314.56-0.457.2256.047.308.8310.67
Tax Rate 4.50%21.99%22.73%81.92%14.35%29.10%29.10%29.10%29.10%29.10%
EBIAT 0.495.713.52-0.086.183.544.285.186.267.57
Depreciation 0.880.510.561.010.771.191.441.742.102.54
Accounts Receivable --0.29-7.926.52-7.852.40-2.32-2.81-3.40-4.10
Inventories --1-1.13-0.34-2.59-1.07-2.56-3.09-3.74-4.52
Accounts Payable --0.011.06-0.932.03-0.600.610.730.891.07
Capital Expenditure -0.17-0.27-0.54-0.23-0.23-0.42-0.50-0.61-0.73-0.89
UFCF 1.204.64-4.445.95-1.695.050.941.141.381.67
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 1.70
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -11.55
Equity Value -
Shares Outstanding 10.21
Equity Value Per Share -