Discounted Cash Flow (DCF) Analysis Levered

Huadi International Group Co., Ltd. (HUDI)

$ 13.67
-0.52 (-3.66%)
Stock DCF: -3.57 | 13.67 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 60.3965.5259.1458.7758.4158.0457.6857.33
Revenue (%)
Operating Cash Flow 1.211.311.181.181.171.161.161.15
Operating Cash Flow (%)
Capital Expenditure -0.53-0.91-0.66-0.66-0.66-0.66-0.65-0.65
Capital Expenditure (%)
Free Cash Flow 0.680.400.520.510.510.510.500.50

Weighted Average Cost Of Capital

Share price $ 13.67
Beta 0.000
Diluted Shares Outstanding 13.21
Cost of Debt
Tax Rate 7.06
After-tax Cost of Debt 6.14%
Risk-Free Rate
Market Risk Premium
Cost of Equity 1.655
Total Debt 32.74
Total Equity 180.65
Total Capital 213.39
Debt Weighting 15.34
Equity Weighting 84.66
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 60.3965.5259.1458.7758.4158.0457.6857.33
Operating Cash Flow 1.211.311.181.181.171.161.161.15
Capital Expenditure -0.53-0.91-0.66-0.66-0.66-0.66-0.65-0.65
Free Cash Flow 0.680.400.520.510.510.510.500.50
WACC
PV LFCF 0.500.490.470.460.45
SUM PV LFCF 2.37

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 2.34
Free cash flow (t + 1) 0.53
Terminal Value -19.75
Present Value of Terminal Value -17.60

Intrinsic Value

Enterprise Value -15.23
Net Debt 31.94
Equity Value -47.17
Shares Outstanding 13.21
Equity Value Per Share -3.57