Discounted Cash Flow (DCF) Analysis Levered
Raven Industries Inc. (RAVN)
Industrials
Free Cash Flow
Year A/P | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected |
| Revenue | 406.18 | 394.68 | 378.14 | 258.23 | 277.39 | 377.31 | 406.67 | 415.13 | 423.76 | 432.58 | 441.57 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| Operating Cash Flow | 76.44 | 52.85 | 60.09 | 44.00 | 48.63 | 44.98 | 65.96 | 65.71 | 67.08 | 68.48 | 69.90 |
| Operating Cash Flow (%) | |||||||||||
| Capital Expenditure | -29.69 | -30.71 | -17.05 | -13.04 | -4.80 | -12.00 | -14.11 | -19.59 | -20.00 | -20.42 | -20.84 |
| Capital Expenditure (%) | |||||||||||
| Free Cash Flow | 46.75 | 22.14 | 43.03 | 30.96 | 43.83 | 32.98 | 51.85 | 46.12 | 47.08 | 48.06 | 49.06 |
Weighted Average Cost Of Capital
| Share price | $ 32.74 |
|---|---|
| Diluted Shares Outstanding | - |
| Cost of Debt | |
| Tax Rate | 15.77 |
| After-tax Cost of Debt | -0.74 |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.98 |
| Total Debt | - |
| Total Equity | - |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected |
| Revenue | 406.18 | 394.68 | 378.14 | 258.23 | 277.39 | 377.31 | 406.67 | 415.13 | 423.76 | 432.58 | 441.57 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 76.44 | 52.85 | 60.09 | 44.00 | 48.63 | 44.98 | 65.96 | 65.71 | 67.08 | 68.48 | 69.90 |
| Capital Expenditure | -29.69 | -30.71 | -17.05 | -13.04 | -4.80 | -12.00 | -14.11 | -19.59 | -20.00 | -20.42 | -20.84 |
| Free Cash Flow | 46.75 | 22.14 | 43.03 | 30.96 | 43.83 | 32.98 | 51.85 | 46.12 | 47.08 | 48.06 | 49.06 |
| WACC | |||||||||||
| PV LFCF | - | - | - | - | |||||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 64.73 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -65.80 |
| Equity Value | - |
| Shares Outstanding | - |
| Equity Value Per Share | - |
Results Levered DCF
| Wacc / Long-term Growth | -4 (%) | -3 (%) | -2 (%) | -1 (%) | 0 (%) | 1 (%) | 2 (%) | 3 (%) | 4 (%) |
|---|---|---|---|---|---|---|---|---|---|
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |
| - (%) | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell | - Sell |