Discounted Cash Flow (DCF) Analysis Levered
Cinedigm Corp. (CIDM)
$0.2945
+0.00 (+0.86%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 53.53 | 39.29 | 31.42 | 56.05 | 68.03 | 77.06 | 87.30 | 98.89 | 112.02 | 126.90 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 11.09 | 7.76 | -20.01 | 4.88 | -8.80 | -4.23 | -4.79 | -5.43 | -6.15 | -6.96 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.97 | -1.25 | -2.61 | -0.64 | -1.27 | -2.80 | -3.17 | -3.59 | -4.07 | -4.61 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 9.12 | 6.51 | -22.62 | 4.24 | -10.07 | -7.03 | -7.96 | -9.02 | -10.22 | -11.58 |
Weighted Average Cost Of Capital
| Share price | $ 0.2,945 |
|---|---|
| Beta | 2.057 |
| Diluted Shares Outstanding | 8.89 |
| Cost of Debt | |
| Tax Rate | -1.24 |
| After-tax Cost of Debt | 20.79% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 14.269 |
| Total Debt | 6.21 |
| Total Equity | 2.62 |
| Total Capital | 8.82 |
| Debt Weighting | 70.33 |
| Equity Weighting | 29.67 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 53.53 | 39.29 | 31.42 | 56.05 | 68.03 | 77.06 | 87.30 | 98.89 | 112.02 | 126.90 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 11.09 | 7.76 | -20.01 | 4.88 | -8.80 | -4.23 | -4.79 | -5.43 | -6.15 | -6.96 |
| Capital Expenditure | -1.97 | -1.25 | -2.61 | -0.64 | -1.27 | -2.80 | -3.17 | -3.59 | -4.07 | -4.61 |
| Free Cash Flow | 9.12 | 6.51 | -22.62 | 4.24 | -10.07 | -7.03 | -7.96 | -9.02 | -10.22 | -11.58 |
| WACC | ||||||||||
| PV LFCF | -5.91 | -5.64 | -5.37 | -5.12 | -4.88 | |||||
| SUM PV LFCF | -26.92 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 18.86 |
| Free cash flow (t + 1) | -11.81 |
| Terminal Value | -70.03 |
| Present Value of Terminal Value | -29.52 |
Intrinsic Value
| Enterprise Value | -56.44 |
|---|---|
| Net Debt | -0.95 |
| Equity Value | -55.49 |
| Shares Outstanding | 8.89 |
| Equity Value Per Share | -6.24 |