Discounted Cash Flow (DCF) Analysis Levered
CynergisTek, Inc. (CTEK)
$1.25
+0.02 (+1.63%)
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 | 71.64 | 71.11 | 21.36 | 18.87 | 16.30 | 12.39 | 9.42 | 7.16 | 5.44 | 4.13 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1.43 | 6.29 | -1.63 | -3.69 | -2.70 | -0.81 | -0.62 | -0.47 | -0.36 | -0.27 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.29 | -0.16 | -0.19 | -0.14 | -0.13 | -0.07 | -0.06 | -0.04 | -0.03 | -0.02 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1.15 | 6.13 | -1.82 | -3.82 | -2.83 | -0.89 | -0.68 | -0.51 | -0.39 | -0.30 |
Weighted Average Cost Of Capital
| Share price | $ 1.25 |
|---|---|
| Beta | 1.235 |
| Diluted Shares Outstanding | 10.57 |
| Cost of Debt | |
| Tax Rate | 32.47 |
| After-tax Cost of Debt | -7.08% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.522 |
| Total Debt | 0.33 |
| Total Equity | 13.22 |
| Total Capital | 13.54 |
| Debt Weighting | 2.41 |
| Equity Weighting | 97.59 |
| 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 | 71.64 | 71.11 | 21.36 | 18.87 | 16.30 | 12.39 | 9.42 | 7.16 | 5.44 | 4.13 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.43 | 6.29 | -1.63 | -3.69 | -2.70 | -0.81 | -0.62 | -0.47 | -0.36 | -0.27 |
| Capital Expenditure | -0.29 | -0.16 | -0.19 | -0.14 | -0.13 | -0.07 | -0.06 | -0.04 | -0.03 | -0.02 |
| Free Cash Flow | 1.15 | 6.13 | -1.82 | -3.82 | -2.83 | -0.89 | -0.68 | -0.51 | -0.39 | -0.30 |
| WACC | ||||||||||
| PV LFCF | -0.82 | -0.57 | -0.40 | -0.28 | -0.19 | |||||
| SUM PV LFCF | -2.25 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.12 |
| Free cash flow (t + 1) | -0.30 |
| Terminal Value | -4.25 |
| Present Value of Terminal Value | -2.75 |
Intrinsic Value
| Enterprise Value | -5 |
|---|---|
| Net Debt | -3.25 |
| Equity Value | -1.75 |
| Shares Outstanding | 10.57 |
| Equity Value Per Share | -0.17 |