DCF — ADVOCATE NORTHSIDE HEALTH SYSTEM
Enterprise Value: $454.6M
🛡️ Public data only — no PHI permitted on this instance.
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$454.6M
Enterprise Value
$115.7M
PV of Cash Flows
$338.9M
PV of Terminal Value
$545.7M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $734.6M | $62.4M | 9.0% | $20.3M | $18.5M |
| Year 2 | $756.7M | $71.9M | 10.0% | $26.6M | $22.0M |
| Year 3 | $779.4M | $81.8M | 11.0% | $33.3M | $25.0M |
| Year 4 | $802.7M | $88.3M | 11.0% | $37.3M | $25.5M |
| Year 5 | $826.8M | $93.0M | 11.0% | $39.9M | $24.8M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $454.6M. Terminal value accounts for 75% of total EV — typical range (60-80%).
Next steps: Check the LBO model to see equity returns at this entry price, or the EBITDA bridge to model value creation levers.
Assumptions
ASSMrevenue base$713.2M
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base0.08000000056083094
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5