DCF — KESSLER INSTITUTE FOR REHABILIATATIO
Enterprise Value: $301.5M
🛡️ Public data only — no PHI permitted on this instance.
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$301.5M
Enterprise Value
$82.4M
PV of Cash Flows
$219.1M
PV of Terminal Value
$352.8M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $263.2M | $36.0M | 14.0% | $17.5M | $15.9M |
| Year 2 | $271.1M | $39.8M | 15.0% | $20.1M | $16.6M |
| Year 3 | $279.2M | $43.8M | 16.0% | $22.8M | $17.1M |
| Year 4 | $287.6M | $46.5M | 16.0% | $24.5M | $16.8M |
| Year 5 | $296.2M | $48.7M | 16.0% | $25.8M | $16.0M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $301.5M. Terminal value accounts for 73% 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$255.5M
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base0.1318139576329111
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5