Discounted Cash Flow (DCF) Analysis Unlevered

Target Hospitality Corp. (TH)

$12.78

+0.34 (+2.73%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 12.78 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 134.24---------
Revenue (%)
EBITDA 59.56---------
EBITDA (%)
EBIT 29.41---------
EBIT (%)
Depreciation 30.15---------
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 ----------
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable ----------
Accounts Payable (%)
Capital Expenditure -16.21---------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 12.78
Beta 3.065
Diluted Shares Outstanding 96.61
Cost of Debt
Tax Rate -71.26
After-tax Cost of Debt 10.36%
Risk-Free Rate
Market Risk Premium
Cost of Equity 18.170
Total Debt 331.64
Total Equity 1,234.69
Total Capital 1,566.33
Debt Weighting 21.17
Equity Weighting 78.83
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 134.24---------
EBITDA 59.56---------
EBIT 29.41---------
Tax Rate 96.31%0.00%54.95%23.53%-71.26%20.71%20.71%20.71%20.71%20.71%
EBIAT 1.09---------
Depreciation 30.15---------
Accounts Receivable ----------
Inventories ----------
Accounts Payable ----------
Capital Expenditure -16.21-79.68-85.17-12.56-35.91-----
UFCF 15.02---------
WACC
PV UFCF ---------
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 16.52
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 308.23
Equity Value -
Shares Outstanding 96.61
Equity Value Per Share -