DCF — TEXAS SPINE AND JOINT HOSPITAL
Enterprise Value: $93.9M
🛡️ Public data only — no PHI permitted on this instance.
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$93.9M
Enterprise Value
$23.9M
PV of Cash Flows
$70.0M
PV of Terminal Value
$112.7M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $151.7M | $12.9M | 8.0% | $4.2M | $3.8M |
| Year 2 | $156.3M | $14.8M | 9.0% | $5.5M | $4.5M |
| Year 3 | $160.9M | $16.9M | 10.0% | $6.9M | $5.2M |
| Year 4 | $165.8M | $18.2M | 11.0% | $7.7M | $5.3M |
| Year 5 | $170.7M | $19.2M | 11.0% | $8.2M | $5.1M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $93.9M. 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$147.3M
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base0.07999999782728003
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5