Discounted Cash Flow (DCF) Analysis Levered
BrainsWay Ltd. (BWAY)
$2
0.00 (0.00%)
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 | 11.14 | 16.40 | 23.10 | 22.06 | 29.66 | 38.40 | 49.73 | 64.39 | 83.37 | 107.96 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -3.47 | -3.77 | -7.24 | -1.44 | 0.88 | -6.84 | -8.85 | -11.46 | -14.84 | -19.22 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.99 | -1.97 | -3.31 | -2.47 | -2.24 | -4.14 | -5.36 | -6.95 | -8.99 | -11.65 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -4.45 | -5.75 | -10.56 | -3.91 | -1.35 | -10.98 | -14.22 | -18.41 | -23.84 | -30.86 |
Weighted Average Cost Of Capital
| Share price | $ 2 |
|---|---|
| Beta | 0.195 |
| Diluted Shares Outstanding | 15.39 |
| Cost of Debt | |
| Tax Rate | -0.67 |
| After-tax Cost of Debt | 7.96% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.440 |
| Total Debt | 0.75 |
| Total Equity | 30.77 |
| Total Capital | 31.53 |
| Debt Weighting | 2.39 |
| Equity Weighting | 97.61 |
| 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 | 11.14 | 16.40 | 23.10 | 22.06 | 29.66 | 38.40 | 49.73 | 64.39 | 83.37 | 107.96 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -3.47 | -3.77 | -7.24 | -1.44 | 0.88 | -6.84 | -8.85 | -11.46 | -14.84 | -19.22 |
| Capital Expenditure | -0.99 | -1.97 | -3.31 | -2.47 | -2.24 | -4.14 | -5.36 | -6.95 | -8.99 | -11.65 |
| Free Cash Flow | -4.45 | -5.75 | -10.56 | -3.91 | -1.35 | -10.98 | -14.22 | -18.41 | -23.84 | -30.86 |
| WACC | ||||||||||
| PV LFCF | -10.50 | -13.01 | -16.12 | -19.97 | -24.74 | |||||
| SUM PV LFCF | -84.36 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.52 |
| Free cash flow (t + 1) | -31.48 |
| Terminal Value | -1,249.28 |
| Present Value of Terminal Value | -1,001.53 |
Intrinsic Value
| Enterprise Value | -1,085.88 |
|---|---|
| Net Debt | -16.17 |
| Equity Value | -1,069.72 |
| Shares Outstanding | 15.39 |
| Equity Value Per Share | -69.53 |