Discounted Cash Flow (DCF) Analysis Levered

BlueCity Holdings Limited (BLCT)

$1.54

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -73.17 | 1.54 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 80.21121.42165.01172.25224.89293.62383.34500.48653.42
Revenue (%)
Operating Cash Flow -16.55-5.06-6.45-33.74-27.16-35.45-46.29-60.43-78.90
Operating Cash Flow (%)
Capital Expenditure -0.56-0.94-1.72-1.12-1.78-2.32-3.03-3.96-5.17
Capital Expenditure (%)
Free Cash Flow -17.11-6-8.16-34.86-28.93-37.78-49.32-64.39-84.07

Weighted Average Cost Of Capital

Share price $ 1.54
Beta 0.345
Diluted Shares Outstanding 31.43
Cost of Debt
Tax Rate -0.27
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.134
Total Debt -
Total Equity 48.40
Total Capital 48.40
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 80.21121.42165.01172.25224.89293.62383.34500.48653.42
Operating Cash Flow -16.55-5.06-6.45-33.74-27.16-35.45-46.29-60.43-78.90
Capital Expenditure -0.56-0.94-1.72-1.12-1.78-2.32-3.03-3.96-5.17
Free Cash Flow -17.11-6-8.16-34.86-28.93-37.78-49.32-64.39-84.07
WACC
PV LFCF -28.93-35.93-44.62-55.42-68.82
SUM PV LFCF -222.32

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.13
Free cash flow (t + 1) -85.75
Terminal Value -2,739.58
Present Value of Terminal Value -2,133.29

Intrinsic Value

Enterprise Value -2,355.62
Net Debt -55.97
Equity Value -2,299.65
Shares Outstanding 31.43
Equity Value Per Share -73.17