Discounted Cash Flow (DCF) Analysis Levered
Fujian Blue Hat Interactive Enterta... (BHAT)
$1.04
+0.01 (+0.97%)
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 | 14.14 | 18.53 | 23.83 | 30.19 | 15.16 | 16.54 | 18.05 | 19.69 | 21.49 | 23.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 6.99 | -0.41 | 12.31 | 4.54 | -22.28 | -1.10 | -1.20 | -1.31 | -1.43 | -1.56 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.02 | -4.48 | -6.64 | -11.86 | -16.53 | -7.10 | -7.75 | -8.46 | -9.23 | -10.07 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 4.97 | -4.89 | 5.67 | -7.33 | -38.81 | -8.20 | -8.95 | -9.76 | -10.65 | -11.63 |
Weighted Average Cost Of Capital
| Share price | $ 1.04 |
|---|---|
| Beta | 1.201 |
| Diluted Shares Outstanding | 39.86 |
| Cost of Debt | |
| Tax Rate | 2.21 |
| After-tax Cost of Debt | 25.38% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.361 |
| Total Debt | 1.54 |
| Total Equity | 41.45 |
| Total Capital | 42.99 |
| Debt Weighting | 3.58 |
| Equity Weighting | 96.42 |
| 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 | 14.14 | 18.53 | 23.83 | 30.19 | 15.16 | 16.54 | 18.05 | 19.69 | 21.49 | 23.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 6.99 | -0.41 | 12.31 | 4.54 | -22.28 | -1.10 | -1.20 | -1.31 | -1.43 | -1.56 |
| Capital Expenditure | -2.02 | -4.48 | -6.64 | -11.86 | -16.53 | -7.10 | -7.75 | -8.46 | -9.23 | -10.07 |
| Free Cash Flow | 4.97 | -4.89 | 5.67 | -7.33 | -38.81 | -8.20 | -8.95 | -9.76 | -10.65 | -11.63 |
| WACC | ||||||||||
| PV LFCF | -7.46 | -7.40 | -7.35 | -7.30 | -7.24 | |||||
| SUM PV LFCF | -36.75 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.93 |
| Free cash flow (t + 1) | -11.86 |
| Terminal Value | -149.54 |
| Present Value of Terminal Value | -93.15 |
Intrinsic Value
| Enterprise Value | -129.89 |
|---|---|
| Net Debt | 1.40 |
| Equity Value | -131.30 |
| Shares Outstanding | 39.86 |
| Equity Value Per Share | -3.29 |