Discounted Cash Flow (DCF) Analysis Levered

Cinedigm Corp. (CIDM)

$0.441

-0.01 (-2.54%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.08 | 0.441 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 67.6853.5339.2931.4256.0557.5859.1460.7562.4064.09
Revenue (%)
Operating Cash Flow 22.4011.097.76-20.014.882.142.202.262.322.38
Operating Cash Flow (%)
Capital Expenditure -0.93-1.97-1.25-2.61-0.64-2.04-2.09-2.15-2.21-2.27
Capital Expenditure (%)
Free Cash Flow 21.479.126.51-22.624.240.100.110.110.110.12

Weighted Average Cost Of Capital

Share price $ 0.441
Beta 1.911
Diluted Shares Outstanding 173.91
Cost of Debt
Tax Rate -49.16
After-tax Cost of Debt 47.53%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.790
Total Debt 0.75
Total Equity 76.69
Total Capital 77.44
Debt Weighting 0.97
Equity Weighting 99.03
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 67.6853.5339.2931.4256.0557.5859.1460.7562.4064.09
Operating Cash Flow 22.4011.097.76-20.014.882.142.202.262.322.38
Capital Expenditure -0.93-1.97-1.25-2.61-0.64-2.04-2.09-2.15-2.21-2.27
Free Cash Flow 21.479.126.51-22.624.240.100.110.110.110.12
WACC
PV LFCF 0.090.080.080.070.06
SUM PV LFCF 0.38

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 13.13
Free cash flow (t + 1) 0.12
Terminal Value 1.07
Present Value of Terminal Value 0.58

Intrinsic Value

Enterprise Value 0.96
Net Debt -12.31
Equity Value 13.27
Shares Outstanding 173.91
Equity Value Per Share 0.08