Discounted Cash Flow (DCF) Analysis Levered

Beamr Imaging Ltd. (BMR)

$1.24

-0.03 (-2.36%)

All numbers are in Millions, Currency in USD

Stock DCF: -4,132,836,625,299,988,992.00 | 1.24 | overvalue

Free Cash Flow

Year A/P	2013 Actual	2014 Actual	2015 Projected	2016 Projected	2017 Projected	2018 Projected	2019 Projected	2020 Projected	2021 Projected	2022 Projected	2023 Projected	2024 Projected	2025 Projected	2026 Projected	2027 Projected
Revenue	45.30	674.61	10,046.30	149,609.78	2,227,993.49	33,179,347.95	494,107,875.22	7,358,269,750.66	109,579,580,571.01	1,631,862,500,968.33	24,301,746,805,290.23	361,902,364,591,375.81	5,389,461,199,896,859	80,260,022,777,109,712	1,195,234,740,034,021,888
Revenue (%)
Operating Cash Flow	279.79	297.85	33,242.58	495,049.57	7,372,293.53	109,788,423.16	1,634,972,591.24	24,348,062,365.69	362,592,097,348.45	5,399,732,721,434.88	80,412,986,593,346.72	1,197,512,681,913,535	17,833,395,874,173,360	265,575,482,588,456,128	3,954,958,295,645,455,872
Operating Cash Flow (%)
Capital Expenditure	-252.13	-414.45	-31,043.58	-462,301.92	-6,884,614.41	-102,525,890.58	-1,526,818,731.58	-22,737,431,744.62	-338,606,536,354.86	-5,042,539,005,724.68	-75,093,646,738,132.59	-1,118,296,908,368,891.25	-16,653,712,125,986,968	-248,007,595,746,439,744	-3,693,336,781,770,765,312
Capital Expenditure (%)
Free Cash Flow	27.66	-116.60	2,199.01	32,747.66	487,679.12	7,262,532.58	108,153,859.66	1,610,630,621.07	23,985,560,993.59	357,193,715,710.20	5,319,339,855,214.12	79,215,773,544,643.69	1,179,683,748,186,391.75	17,567,886,842,016,392	261,621,513,874,690,624

Weighted Average Cost Of Capital

Share price	$ 1.24
Beta	0.000
Diluted Shares Outstanding	2.58
Cost of Debt
Tax Rate	-4.35
After-tax Cost of Debt	-23.01%
Risk-Free Rate
Market Risk Premium
Cost of Equity	4.542
Total Debt	0.72
Total Equity	3.20
Total Capital	3.91
Debt Weighting	18.32
Equity Weighting	81.68
Wacc

Build Up Free Cash Flow

Year A/P	2013 Actual	2014 Actual	2015 Projected	2016 Projected	2017 Projected	2018 Projected	2019 Projected	2020 Projected	2021 Projected	2022 Projected	2023 Projected	2024 Projected	2025 Projected	2026 Projected	2027 Projected
Revenue	45.30	674.61	10,046.30	149,609.78	2,227,993.49	33,179,347.95	494,107,875.22	7,358,269,750.66	109,579,580,571.01	1,631,862,500,968.33	24,301,746,805,290.23	361,902,364,591,375.81	5,389,461,199,896,859	80,260,022,777,109,712	1,195,234,740,034,021,888
Operating Cash Flow	279.79	297.85	33,242.58	495,049.57	7,372,293.53	109,788,423.16	1,634,972,591.24	24,348,062,365.69	362,592,097,348.45	5,399,732,721,434.88	80,412,986,593,346.72	1,197,512,681,913,535	17,833,395,874,173,360	265,575,482,588,456,128	3,954,958,295,645,455,872
Capital Expenditure	-252.13	-414.45	-31,043.58	-462,301.92	-6,884,614.41	-102,525,890.58	-1,526,818,731.58	-22,737,431,744.62	-338,606,536,354.86	-5,042,539,005,724.68	-75,093,646,738,132.59	-1,118,296,908,368,891.25	-16,653,712,125,986,968	-248,007,595,746,439,744	-3,693,336,781,770,765,312
Free Cash Flow	27.66	-116.60	2,199.01	32,747.66	487,679.12	7,262,532.58	108,153,859.66	1,610,630,621.07	23,985,560,993.59	357,193,715,710.20	5,319,339,855,214.12	79,215,773,544,643.69	1,179,683,748,186,391.75	17,567,886,842,016,392	261,621,513,874,690,624
WACC
PV LFCF			2,177.07	32,583.92	487,679.12	7,299,027.72	109,243,564.21	1,635,033,703.47	24,471,329,096.52	366,259,084,737.91	5,481,750,362,799.24	82,044,618,938,402.13	1,227,950,755,004,878	18,378,573,466,824,592	275,069,632,311,213,984
SUM PV LFCF															287,467,914,216,123,328

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	-0.50
Free cash flow (t + 1)	266,853,944,152,184,448
Terminal Value	-10,674,157,766,087,376,896
Present Value of Terminal Value	-10,945,061,690,074,724,352

Intrinsic Value

Enterprise Value	-10,657,593,775,858,599,936
Net Debt	0.02
Equity Value	-10,657,593,775,858,599,936
Shares Outstanding	2.58
Equity Value Per Share	-4,132,836,625,299,988,992.00