Discounted Cash Flow (DCF) Analysis Levered
Senmiao Technology Limited (AIHS)
$0.9727
-0.04 (-3.69%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.49 | 2.92 | 15.66 | 6.16 | 4.91 | 15.30 | 47.62 | 148.25 | 461.53 | 1,436.86 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.81 | -6.26 | -6.45 | -3.94 | -9.16 | -20.50 | -63.82 | -198.69 | -618.56 | -1,925.71 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0 | -0.50 | -0.97 | -2.52 | -3.37 | -4.08 | -12.69 | -39.51 | -123.01 | -382.94 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -0.82 | -6.76 | -7.41 | -6.45 | -12.53 | -24.58 | -76.51 | -238.20 | -741.56 | -2,308.65 |
Weighted Average Cost Of Capital
| Share price | $ 0.9,727 |
|---|---|
| Beta | 0.517 |
| Diluted Shares Outstanding | 5.73 |
| Cost of Debt | |
| Tax Rate | 90.42 |
| After-tax Cost of Debt | 0.53% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.080 |
| Total Debt | 1.12 |
| Total Equity | 5.57 |
| Total Capital | 6.69 |
| Debt Weighting | 16.70 |
| Equity Weighting | 83.30 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.49 | 2.92 | 15.66 | 6.16 | 4.91 | 15.30 | 47.62 | 148.25 | 461.53 | 1,436.86 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.81 | -6.26 | -6.45 | -3.94 | -9.16 | -20.50 | -63.82 | -198.69 | -618.56 | -1,925.71 |
| Capital Expenditure | -0 | -0.50 | -0.97 | -2.52 | -3.37 | -4.08 | -12.69 | -39.51 | -123.01 | -382.94 |
| Free Cash Flow | -0.82 | -6.76 | -7.41 | -6.45 | -12.53 | -24.58 | -76.51 | -238.20 | -741.56 | -2,308.65 |
| WACC | ||||||||||
| PV LFCF | -23.37 | -69.20 | -204.88 | -606.61 | -1,796.03 | |||||
| SUM PV LFCF | -2,700.09 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.15 |
| Free cash flow (t + 1) | -2,354.83 |
| Terminal Value | -74,756.41 |
| Present Value of Terminal Value | -58,157.01 |
Intrinsic Value
| Enterprise Value | -60,857.10 |
|---|---|
| Net Debt | -0.07 |
| Equity Value | -60,857.03 |
| Shares Outstanding | 5.73 |
| Equity Value Per Share | -10,626.34 |