Complete SHIM Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
SHIM DCF Analysis
SHIM (Shimmick Corporation Common Stock) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $664.2M | $632.8M | $480.2M | $432.2M | $389.6M | $355.0M | $326.6M | $303.1M |
| Revenue Growth % | - | -4.7% | -24.1% | -10.0% | -9.9% | -8.9% | -8.0% | -7.2% |
| EBIT | $12.9M | $435.0K | $-119.3M | $21.6M | $19.5M | $17.7M | $16.3M | $15.2M |
| EBIT Margin % | 1.9% | 0.1% | -24.8% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 30.5% | 25.0% | 25.0% | 20.1% | 20.6% | 21.1% | 21.6% | 22.1% |
| NOPAT | $9.0M | $326.3K | $-89.5M | $17.3M | $15.5M | $14.0M | $12.8M | $11.8M |
| NOPAT Margin % | 1.4% | 0.1% | -18.6% | 4.0% | 4.0% | 3.9% | 3.9% | 3.9% |
| Capex | $10.4M | $7.0M | $10.5M | $5.8M | $5.0M | $4.3M | $3.8M | $3.3M |
| Capex / Revenue % | 1.6% | 1.1% | 2.2% | 1.3% | 1.3% | 1.2% | 1.2% | 1.1% |
| Depreciation | $16.0M | $17.1M | $15.1M | $11.9M | $10.7M | $9.8M | $9.0M | $8.3M |
| D&A / Revenue % | 2.4% | 2.7% | 3.2% | 2.8% | 2.8% | 2.8% | 2.8% | 2.8% |
| Change in NWC | $26.0M | $93.7M | $-75.5M | $8.5M | $6.1M | $4.5M | $3.3M | $2.4M |
| NWC Change / Revenue % | 3.9% | 14.8% | -15.7% | 2.0% | 1.6% | 1.3% | 1.0% | 0.8% |
| Unlevered FCF | $-11.5M | $-83.3M | $-9.4M | $14.9M | $15.1M | $15.0M | $14.8M | $14.4M |
| UFCF % Chg. | - | -623.0% | 88.7% | 258.8% | 1.5% | -0.6% | -1.8% | -2.4% |
| FCF / Revenue % | -1.7% | -13.2% | -2.0% | 3.4% | 3.9% | 4.2% | 4.5% | 4.8% |
| Discount Factor | - | - | - | 0.932 | 0.869 | 0.809 | 0.754 | 0.703 |
| Present Value of FCF | - | - | - | $13.9M | $13.1M | $12.2M | $11.1M | $10.1M |
| Sum of PV of UFCF | - | - | - | $13.9M | $27.0M | $39.2M | $50.3M | $60.4M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.4% |
| Tax Rate | 20.1% |
| After Tax Cost of Debt | 5.9% |
| Risk Free Rate | 4.43% |
| Market Risk Premium | 4.3% |
| Beta | 0.77 |
| Cost of Equity | 7.8% |
| Total Debt | $25.5M |
| Market Cap | $72.4M |
| Total Capital | $97.9M |
| Debt Weighting | 26.0% |
| Equity Weighting | 74.0% |
| WACC | 7.3% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $14.4M |
| Terminal Value | $307.7M |
| PV of Terminal Value | $216.3M |
| Cumulative PV of UFCF | $60.4M |
| Net Debt | $-8.3M |
| Equity Value | $285.0M |
| Shares Outstanding | 30.4M |
| Implied Share Price | $9 |
| Current Share Price | $2 |
| Implied Upside/(Downside) | +345.5% |
Valuation Summary
$9.37
Implied Price
$2.10
Current Price
+345.5%
Upside/Downside
7.3%
WACC
SHIM Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 6 peer companies in Industrials
P/E Ratio
$-185.59
-8920.7%
Peer Median: 62.4x
EV/EBITDA
$0.00
-100.0%
Peer Median: 27.1x
P/S Ratio
$18.00
+755.6%
Peer Median: 1.3x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for SHIM's business model and current situation.
Multiple Comparison
| Multiple | SHIM Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -0.7x | 62.4x | 62.4x | -101.1% | Undervalued |
| EV/EBITDA | Infinityx | 27.1x | 18.5x | Infinity% | Overvalued |
| P/S Ratio | 0.2x | 1.3x | 1.2x | -88.3% | Undervalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.07B | 0.0x | 9.9x | 0.1x | |
| $0.07B | 0.0x | 0.0x | 0.2x | |
| $0.07B | 1885.1x | 666.9x | 2.8x | |
| $0.01B | 0.0x | 0.0x | 0.9x | |
| $0.01B | 0.0x | 0.0x | 1.3x | |
| $57.04B | 62.4x | 27.1x | 2.3x |