DCF — MYMICHIGAN MEDICAL CENTER ALPENA
Enterprise Value: $101.4M
🛡️ Public data only — no PHI permitted on this instance.
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$101.4M
Enterprise Value
$23.8M
PV of Cash Flows
$77.6M
PV of Terminal Value
$125.0M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $244.4M | $15.9M | 6.0% | $3.1M | $2.8M |
| Year 2 | $251.7M | $18.9M | 7.0% | $5.1M | $4.2M |
| Year 3 | $259.2M | $22.0M | 8.0% | $7.2M | $5.4M |
| Year 4 | $267.0M | $24.0M | 9.0% | $8.4M | $5.7M |
| Year 5 | $275.0M | $25.4M | 9.0% | $9.1M | $5.7M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $101.4M. Terminal value accounts for 77% 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$237.2M
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base0.0599449626574349
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5