Discounted Cash Flow (DCF) Analysis Levered
Amyris, Inc. (AMRS)
$2.31
-0.11 (-4.55%)
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 | 143.44 | 63.60 | 152.56 | 173.14 | 341.82 | 508.55 | 756.60 | 1,125.66 | 1,674.73 | 2,491.62 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -100.62 | -109.37 | -156.93 | -175.75 | -181.33 | -508.06 | -755.88 | -1,124.58 | -1,673.12 | -2,489.23 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -4.41 | -12.47 | -13.08 | -12.78 | -45.64 | -52.88 | -78.67 | -117.05 | -174.14 | -259.09 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -105.03 | -121.84 | -170.01 | -188.53 | -226.97 | -560.94 | -834.55 | -1,241.63 | -1,847.27 | -2,748.32 |
Weighted Average Cost Of Capital
Share price | $ 2.31 |
---|---|
Beta | 1.567 |
Diluted Shares Outstanding | 203.60 |
Cost of Debt | |
Tax Rate | 0.19 |
After-tax Cost of Debt | -7,569.63% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.184 |
Total Debt | 0.34 |
Total Equity | 470.31 |
Total Capital | 470.65 |
Debt Weighting | 0.07 |
Equity Weighting | 99.93 |
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 | 143.44 | 63.60 | 152.56 | 173.14 | 341.82 | 508.55 | 756.60 | 1,125.66 | 1,674.73 | 2,491.62 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -100.62 | -109.37 | -156.93 | -175.75 | -181.33 | -508.06 | -755.88 | -1,124.58 | -1,673.12 | -2,489.23 |
Capital Expenditure | -4.41 | -12.47 | -13.08 | -12.78 | -45.64 | -52.88 | -78.67 | -117.05 | -174.14 | -259.09 |
Free Cash Flow | -105.03 | -121.84 | -170.01 | -188.53 | -226.97 | -560.94 | -834.55 | -1,241.63 | -1,847.27 | -2,748.32 |
WACC | ||||||||||
PV LFCF | -424.61 | -603.08 | -856.56 | -1,216.59 | -1,727.93 | |||||
SUM PV LFCF | -6,089.86 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.75 |
Free cash flow (t + 1) | -2,803.28 |
Terminal Value | -101,937.60 |
Present Value of Terminal Value | -80,828.45 |
Intrinsic Value
Enterprise Value | -86,918.30 |
---|---|
Net Debt | -0.15 |
Equity Value | -86,918.16 |
Shares Outstanding | 203.60 |
Equity Value Per Share | -426.91 |