Discounted Cash Flow (DCF) Analysis Levered
ClearStream Energy Services Inc. (CSM.TO)
$0.045
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 | 357.15 | 378.33 | 464.25 | 393.12 | 389.40 | 401.45 | 413.87 | 426.67 | 439.87 | 453.48 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -27.72 | -12.15 | -20.17 | 60.03 | 2.22 | 0.42 | 0.43 | 0.44 | 0.46 | 0.47 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.74 | -0.94 | -4.12 | -2.25 | -1.52 | -2.30 | -2.37 | -2.45 | -2.52 | -2.60 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -30.47 | -13.09 | -24.29 | 57.77 | 0.70 | -1.89 | -1.94 | -2 | -2.07 | -2.13 |
Weighted Average Cost Of Capital
| Share price | $ 0.045 |
|---|---|
| Beta | 4.272 |
| Diluted Shares Outstanding | 109.99 |
| Cost of Debt | |
| Tax Rate | -0.13 |
| After-tax Cost of Debt | 7.99% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 23.976 |
| Total Debt | 197.12 |
| Total Equity | 4.95 |
| Total Capital | 202.07 |
| Debt Weighting | 97.55 |
| Equity Weighting | 2.45 |
| 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 | 357.15 | 378.33 | 464.25 | 393.12 | 389.40 | 401.45 | 413.87 | 426.67 | 439.87 | 453.48 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -27.72 | -12.15 | -20.17 | 60.03 | 2.22 | 0.42 | 0.43 | 0.44 | 0.46 | 0.47 |
| Capital Expenditure | -2.74 | -0.94 | -4.12 | -2.25 | -1.52 | -2.30 | -2.37 | -2.45 | -2.52 | -2.60 |
| Free Cash Flow | -30.47 | -13.09 | -24.29 | 57.77 | 0.70 | -1.89 | -1.94 | -2 | -2.07 | -2.13 |
| WACC | ||||||||||
| PV LFCF | -1.74 | -1.66 | -1.57 | -1.50 | -1.42 | |||||
| SUM PV LFCF | -7.89 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.38 |
| Free cash flow (t + 1) | -2.17 |
| Terminal Value | -34.06 |
| Present Value of Terminal Value | -22.78 |
Intrinsic Value
| Enterprise Value | -30.67 |
|---|---|
| Net Debt | 175.44 |
| Equity Value | -206.11 |
| Shares Outstanding | 109.99 |
| Equity Value Per Share | -1.87 |