Discounted Cash Flow (DCF) Analysis Levered
ZW Data Action Technologies Inc. (CNET)
$0.6905
+0.03 (+4.62%)
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 | 46.63 | 57.15 | 58.08 | 38.41 | 47.33 | 48.93 | 50.58 | 52.30 | 54.06 | 55.89 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -1.32 | -5.39 | -4.31 | 0.33 | -8.84 | -3.67 | -3.79 | -3.92 | -4.06 | -4.19 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0 | -4.18 | -2.12 | -2 | -1.49 | -1.89 | -1.96 | -2.02 | -2.09 | -2.16 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -1.32 | -9.57 | -6.43 | -1.68 | -10.33 | -5.56 | -5.75 | -5.95 | -6.15 | -6.36 |
Weighted Average Cost Of Capital
| Share price | $ 0.6,905 |
|---|---|
| Beta | 1.497 |
| Diluted Shares Outstanding | 33.05 |
| Cost of Debt | |
| Tax Rate | -9.68 |
| After-tax Cost of Debt | 0.17% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.750 |
| Total Debt | 2.40 |
| Total Equity | 22.82 |
| Total Capital | 25.22 |
| Debt Weighting | 9.51 |
| Equity Weighting | 90.49 |
| 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 | 46.63 | 57.15 | 58.08 | 38.41 | 47.33 | 48.93 | 50.58 | 52.30 | 54.06 | 55.89 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1.32 | -5.39 | -4.31 | 0.33 | -8.84 | -3.67 | -3.79 | -3.92 | -4.06 | -4.19 |
| Capital Expenditure | -0 | -4.18 | -2.12 | -2 | -1.49 | -1.89 | -1.96 | -2.02 | -2.09 | -2.16 |
| Free Cash Flow | -1.32 | -9.57 | -6.43 | -1.68 | -10.33 | -5.56 | -5.75 | -5.95 | -6.15 | -6.36 |
| WACC | ||||||||||
| PV LFCF | -5.07 | -4.78 | -4.50 | -4.24 | -3.99 | |||||
| SUM PV LFCF | -22.58 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.74 |
| Free cash flow (t + 1) | -6.48 |
| Terminal Value | -83.76 |
| Present Value of Terminal Value | -52.63 |
Intrinsic Value
| Enterprise Value | -75.21 |
|---|---|
| Net Debt | -4.78 |
| Equity Value | -70.43 |
| Shares Outstanding | 33.05 |
| Equity Value Per Share | -2.13 |