DCF — TEXAS HEALTH ALLIANCE
Enterprise Value: $120.4M
🛡️ Public data only — no PHI permitted on this instance.
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$120.4M
Enterprise Value
$30.7M
PV of Cash Flows
$89.8M
PV of Terminal Value
$144.6M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $194.6M | $16.5M | 9.0% | $5.4M | $4.9M |
| Year 2 | $200.5M | $19.0M | 10.0% | $7.1M | $5.8M |
| Year 3 | $206.5M | $21.7M | 11.0% | $8.8M | $6.6M |
| Year 4 | $212.7M | $23.4M | 11.0% | $9.9M | $6.7M |
| Year 5 | $219.1M | $24.6M | 11.0% | $10.6M | $6.6M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $120.4M. 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$189.0M
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base0.08000000254012378
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5