Discounted Cash Flow (DCF) Analysis Unlevered

Global Self Storage, Inc. (SELF)

$5.66

-0.20 (-3.41%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.57 | 5.66 | overvalue

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 7.478.118.679.2010.5111.4512.4713.5914.8016.13
Revenue (%)
EBITDA 2.432.923.113.212.683.774.114.484.885.32
EBITDA (%)
EBIT 0.731.521.671.222.681.982.162.352.562.79
EBIT (%)
Depreciation 1.701.401.441.9901.791.952.132.322.52
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 2.151.533.991.616.383.944.294.675.095.54
Total Cash (%)
Account Receivables 0.100.070.160.110.120.150.160.170.190.21
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable ---1.371.511.681.831.992.172.37
Accounts Payable (%)
Capital Expenditure -0.65-0.16-7.78-3.08-3.52-3.84-4.18-4.55-4.96-5.41
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 5.66
Beta 0.359
Diluted Shares Outstanding 9.28
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.346
Total Debt -
Total Equity 52.54
Total Capital 52.54
Debt Weighting 0.00
Equity Weighting 100.00
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 7.478.118.679.2010.5111.4512.4713.5914.8016.13
EBITDA 2.432.923.113.212.683.774.114.484.885.32
EBIT 0.731.521.671.222.681.982.162.352.562.79
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT 0.731.521.671.222.681.982.162.352.562.79
Depreciation 1.701.401.441.9901.791.952.132.322.52
Accounts Receivable -0.04-0.100.06-0.01-0.03-0.01-0.01-0.02-0.02
Inventories ----------
Accounts Payable ----0.140.170.150.160.180.19
Capital Expenditure -0.65-0.16-7.78-3.08-3.52-3.84-4.18-4.55-4.96-5.41
UFCF 1.782.79-4.770.19-0.710.080.070.070.080.09
WACC
PV UFCF 0.070.060.060.070.07
SUM PV UFCF 0.33

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.35
Free cash flow (t + 1) 0.09
Terminal Value 2.66
Present Value of Terminal Value 2.05

Intrinsic Value

Enterprise Value 2.38
Net Debt -2.90
Equity Value 5.28
Shares Outstanding 9.28
Equity Value Per Share 0.57