DCF — WEST JERSEY HEALTH SYSTEM
Enterprise Value: $522.8M
🛡️ Public data only — no PHI permitted on this instance.
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$522.8M
Enterprise Value
$129.5M
PV of Cash Flows
$393.3M
PV of Terminal Value
$633.4M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $987.2M | $75.2M | 8.0% | $20.8M | $18.9M |
| Year 2 | $1.0B | $87.7M | 9.0% | $29.1M | $24.0M |
| Year 3 | $1.0B | $100.8M | 10.0% | $37.8M | $28.4M |
| Year 4 | $1.1B | $109.2M | 10.0% | $43.0M | $29.4M |
| Year 5 | $1.1B | $115.2M | 10.0% | $46.3M | $28.8M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $522.8M. 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$958.4M
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base0.07122497543730653
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5