Discounted Cash Flow (DCF) Analysis Levered
Borqs Technologies, Inc. (BRQS)
$0.21
-0.01 (-2.51%)
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 | 154.31 | 128.42 | 98.96 | 26.75 | 29.56 | 22.01 | 16.39 | 12.20 | 9.08 | 6.76 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -14.94 | 2.58 | -7.37 | -8.06 | -28.74 | -6.27 | -4.67 | -3.48 | -2.59 | -1.93 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -8.49 | -5.73 | -4.53 | -0.21 | -0.78 | -0.79 | -0.59 | -0.44 | -0.33 | -0.24 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -23.43 | -3.15 | -11.91 | -8.27 | -29.52 | -7.06 | -5.26 | -3.92 | -2.92 | -2.17 |
Weighted Average Cost Of Capital
| Share price | $ 0.21 |
|---|---|
| Beta | 1.664 |
| Diluted Shares Outstanding | 2.78 |
| Cost of Debt | |
| Tax Rate | 2.07 |
| After-tax Cost of Debt | 78.25% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.640 |
| Total Debt | 14.96 |
| Total Equity | 0.58 |
| Total Capital | 15.55 |
| Debt Weighting | 96.24 |
| Equity Weighting | 3.76 |
| 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 | 154.31 | 128.42 | 98.96 | 26.75 | 29.56 | 22.01 | 16.39 | 12.20 | 9.08 | 6.76 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -14.94 | 2.58 | -7.37 | -8.06 | -28.74 | -6.27 | -4.67 | -3.48 | -2.59 | -1.93 |
| Capital Expenditure | -8.49 | -5.73 | -4.53 | -0.21 | -0.78 | -0.79 | -0.59 | -0.44 | -0.33 | -0.24 |
| Free Cash Flow | -23.43 | -3.15 | -11.91 | -8.27 | -29.52 | -7.06 | -5.26 | -3.92 | -2.92 | -2.17 |
| WACC | ||||||||||
| PV LFCF | -0.24 | -0.10 | -0.04 | -0.02 | -0.01 | |||||
| SUM PV LFCF | -6.88 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 75.75 |
| Free cash flow (t + 1) | -2.21 |
| Terminal Value | -3 |
| Present Value of Terminal Value | -0.18 |
Intrinsic Value
| Enterprise Value | -7.06 |
|---|---|
| Net Debt | 7.25 |
| Equity Value | -14.30 |
| Shares Outstanding | 2.78 |
| Equity Value Per Share | -5.14 |