Discounted Cash Flow (DCF) Analysis Levered
Cryoport, Inc. (CYRX)
$18.67
-0.40 (-2.10%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 19.63 | 33.94 | 78.70 | 222.61 | 237.28 | 471.15 | 935.53 | 1,857.61 | 3,688.55 | 7,324.12 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -3.35 | -1.32 | -14.87 | 8.13 | -1.85 | -34.87 | -69.23 | -137.47 | -272.96 | -542.01 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.96 | -5.41 | -9.67 | -25.01 | 63.60 | -26.14 | -51.90 | -103.05 | -204.62 | -406.30 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -6.31 | -6.73 | -24.54 | -16.88 | 61.75 | -61 | -121.13 | -240.52 | -477.58 | -948.30 |
Weighted Average Cost Of Capital
| Share price | $ 18.67 |
|---|---|
| Beta | 1.317 |
| Diluted Shares Outstanding | 48.99 |
| Cost of Debt | |
| Tax Rate | -6.38 |
| After-tax Cost of Debt | 1.41% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.028 |
| Total Debt | 435.91 |
| Total Equity | 914.59 |
| Total Capital | 1,350.50 |
| Debt Weighting | 32.28 |
| Equity Weighting | 67.72 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 19.63 | 33.94 | 78.70 | 222.61 | 237.28 | 471.15 | 935.53 | 1,857.61 | 3,688.55 | 7,324.12 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -3.35 | -1.32 | -14.87 | 8.13 | -1.85 | -34.87 | -69.23 | -137.47 | -272.96 | -542.01 |
| Capital Expenditure | -2.96 | -5.41 | -9.67 | -25.01 | 63.60 | -26.14 | -51.90 | -103.05 | -204.62 | -406.30 |
| Free Cash Flow | -6.31 | -6.73 | -24.54 | -16.88 | 61.75 | -61 | -121.13 | -240.52 | -477.58 | -948.30 |
| WACC | ||||||||||
| PV LFCF | -53.03 | -98.19 | -181.79 | -336.56 | -623.11 | |||||
| SUM PV LFCF | -1,386.39 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.25 |
| Free cash flow (t + 1) | -967.27 |
| Terminal Value | -18,424.18 |
| Present Value of Terminal Value | -12,983.79 |
Intrinsic Value
| Enterprise Value | -14,370.18 |
|---|---|
| Net Debt | 399.31 |
| Equity Value | -14,769.50 |
| Shares Outstanding | 48.99 |
| Equity Value Per Share | -301.50 |