Discounted Cash Flow (DCF) Analysis Levered
Allot Ltd. (ALLT)
$3.81
+0.14 (+3.81%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 81.99 | 95.84 | 110.10 | 135.92 | 145.60 | 168.29 | 194.52 | 224.84 | 259.88 | 300.38 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.23 | 1.03 | 0.44 | 0.54 | 0.58 | 0.67 | 0.77 | 0.89 | 1.03 | 1.19 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.83 | -3.49 | -3.71 | -7.58 | -7.64 | -7.16 | -8.28 | -9.57 | -11.06 | -12.79 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -3.06 | -2.46 | -3.27 | -7.04 | -7.06 | -6.50 | -7.51 | -8.68 | -10.03 | -11.59 |
Weighted Average Cost Of Capital
| Share price | $ 3.81 |
|---|---|
| Beta | 0.967 |
| Diluted Shares Outstanding | 35.01 |
| Cost of Debt | |
| Tax Rate | -14.03 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.083 |
| Total Debt | 8.25 |
| Total Equity | 133.38 |
| Total Capital | 141.63 |
| Debt Weighting | 5.83 |
| Equity Weighting | 94.17 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 81.99 | 95.84 | 110.10 | 135.92 | 145.60 | 168.29 | 194.52 | 224.84 | 259.88 | 300.38 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.23 | 1.03 | 0.44 | 0.54 | 0.58 | 0.67 | 0.77 | 0.89 | 1.03 | 1.19 |
| Capital Expenditure | -2.83 | -3.49 | -3.71 | -7.58 | -7.64 | -7.16 | -8.28 | -9.57 | -11.06 | -12.79 |
| Free Cash Flow | -3.06 | -2.46 | -3.27 | -7.04 | -7.06 | -6.50 | -7.51 | -8.68 | -10.03 | -11.59 |
| WACC | ||||||||||
| PV LFCF | -6.02 | -6.45 | -6.91 | -7.40 | -7.93 | |||||
| SUM PV LFCF | -34.70 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.90 |
| Free cash flow (t + 1) | -11.83 |
| Terminal Value | -200.42 |
| Present Value of Terminal Value | -137.04 |
Intrinsic Value
| Enterprise Value | -171.74 |
|---|---|
| Net Debt | -3.46 |
| Equity Value | -168.28 |
| Shares Outstanding | 35.01 |
| Equity Value Per Share | -4.81 |