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Major Indexes

Discounted Cash Flow (DCF) Analysis Levered


Cable One Inc.

Cable One Inc. (CABO)

$1776
-59.77 (-3.26%)

Free Cash Flow

Year
A/P
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 814.81807.23819.58959.981,072.201,167.841,257.421,353.861,457.701,569.51
Revenue (%)
Operating Cash Flow 205.82246.45251.86324.47407.76491.78420.10452.32487.02524.37
Operating Cash Flow (%)
Capital Expenditure -175.84156.12125.56179.32217.76262.30156.17168.15181.05194.93
Capital Expenditure (%)
Free Cash Flow 29.99402.57377.42503.80625.52754.08576.27620.47668.06719.30

Weighted Average Cost Of Capital

Share price $ 1,776
Diluted Shares Outstanding 5.74
Cost of Debt
Tax Rate 23.62
After-tax Cost of Debt -1.13
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.96
Total Debt 1,711.94
Total Equity 10,190.43
Total Capital 11,902.37
Debt Weighting 14.38
Equity Weighting 85.62
Wacc

Build Up Free Cash Flow

Year
A/P
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 814.81807.23819.58959.981,072.201,167.841,257.421,353.861,457.701,569.51
Operating Cash Flow 205.82246.45251.86324.47407.76491.78420.10452.32487.02524.37
Capital Expenditure -175.84156.12125.56179.32217.76262.30156.17168.15181.05194.93
Free Cash Flow 29.99402.57377.42503.80625.52754.08576.27620.47668.06719.30
WACC
PV LFCF 488.67498.02507.54517.24
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.65
Free cash flow (t + 1) 598.49
Terminal Value 36,272.30
Present Value of Terminal Value 27,556.72

Intrinsic Value

Enterprise Value -
Net Debt 1,586.63
Equity Value -
Shares Outstanding 5.74
Equity Value Per Share -