Discounted Cash Flow (DCF) Analysis Levered

Positive Physicians Holdings, Inc. (PPHI)

$ 9.15
0.00 0.00%

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 9.7713.2513.4127.9720.2026.1433.8143.7556.6073.23
Revenue (%)
Operating Cash Flow 1.223.74-2.12-13.35-1.26-1.52-1.97-2.54-3.29-4.26
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow 1.223.74-2.12-13.35-1.26-1.52-1.97-2.54-3.29-4.26

Weighted Average Cost Of Capital

Share price $ 9.15
Beta 0.081
Diluted Shares Outstanding 3.56
Cost of Debt
Tax Rate 47.00
After-tax Cost of Debt 2.65%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.108
Total Debt -
Total Equity 32.60
Total Capital 32.60
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 9.7713.2513.4127.9720.2026.1433.8143.7556.6073.23
Operating Cash Flow 1.223.74-2.12-13.35-1.26-1.52-1.97-2.54-3.29-4.26
Capital Expenditure ----------
Free Cash Flow 1.223.74-2.12-13.35-1.26-1.52-1.97-2.54-3.29-4.26
WACC
PV LFCF -1.47-1.85-2.32-2.91-3.65
SUM PV LFCF -12.20

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.11
Free cash flow (t + 1) -4.43
Terminal Value 497.38
Present Value of Terminal Value 426.76

Intrinsic Value

Enterprise Value 414.55
Net Debt -18.88
Equity Value 433.43
Shares Outstanding 3.56
Equity Value Per Share 121.64