DCF — MCLAREN NORTHERN MICHIGAN
Enterprise Value: $-64.5M
🛡️ Public data only — no PHI permitted on this instance.
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$-64.5M
Enterprise Value
$-27.0M
PV of Cash Flows
$-37.5M
PV of Terminal Value
$-60.4M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $242.0M | $-0.2M | -0.0% | $-10.5M | $-9.5M |
| Year 2 | $249.3M | $2.2M | 1.0% | $-8.3M | $-6.9M |
| Year 3 | $256.8M | $4.9M | 2.0% | $-6.0M | $-4.5M |
| Year 4 | $264.5M | $6.3M | 2.0% | $-4.9M | $-3.3M |
| Year 5 | $272.4M | $7.2M | 3.0% | $-4.4M | $-2.7M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $-64.5M. Terminal value accounts for 0% of total EV — consider sensitivity to terminal assumptions.
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$235.0M
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base-0.006027628120559133
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5