Discounted Cash Flow (DCF) Analysis Levered
CooTek (Cayman) Inc. (CTK)
$0.9111
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 | 37.33 | 134.11 | 177.88 | 441.51 | 272.15 | 545.44 | 1,093.18 | 2,190.97 | 4,391.18 | 8,800.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -28.05 | 23.11 | -15.66 | -0.85 | -51.04 | -93.44 | -187.27 | -375.33 | -752.24 | -1,507.66 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.49 | -3.53 | -4.76 | -2.92 | -6.78 | -13.58 | -27.23 | -54.57 | -109.36 | -219.19 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -29.54 | 19.57 | -20.43 | -3.77 | -57.82 | -107.02 | -214.50 | -429.90 | -861.60 | -1,726.84 |
Weighted Average Cost Of Capital
| Share price | $ 0.9,111 |
|---|---|
| Beta | 0.619 |
| Diluted Shares Outstanding | 4.85 |
| Cost of Debt | |
| Tax Rate | -0.38 |
| After-tax Cost of Debt | 26.65% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.527 |
| Total Debt | 19.19 |
| Total Equity | 4.42 |
| Total Capital | 23.61 |
| Debt Weighting | 81.27 |
| Equity Weighting | 18.73 |
| 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 | 37.33 | 134.11 | 177.88 | 441.51 | 272.15 | 545.44 | 1,093.18 | 2,190.97 | 4,391.18 | 8,800.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -28.05 | 23.11 | -15.66 | -0.85 | -51.04 | -93.44 | -187.27 | -375.33 | -752.24 | -1,507.66 |
| Capital Expenditure | -1.49 | -3.53 | -4.76 | -2.92 | -6.78 | -13.58 | -27.23 | -54.57 | -109.36 | -219.19 |
| Free Cash Flow | -29.54 | 19.57 | -20.43 | -3.77 | -57.82 | -107.02 | -214.50 | -429.90 | -861.60 | -1,726.84 |
| WACC | ||||||||||
| PV LFCF | -86.96 | -141.62 | -230.62 | -375.58 | -611.63 | |||||
| SUM PV LFCF | -1,446.41 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 23.07 |
| Free cash flow (t + 1) | -1,761.38 |
| Terminal Value | -8,359.64 |
| Present Value of Terminal Value | -2,960.92 |
Intrinsic Value
| Enterprise Value | -4,407.33 |
|---|---|
| Net Debt | 0.95 |
| Equity Value | -4,408.29 |
| Shares Outstanding | 4.85 |
| Equity Value Per Share | -908.18 |