Discounted Cash Flow (DCF) Analysis Levered
Direct Communication Solutions, Inc... (DCSI.CN)
$1.13
-0.04 (-3.42%)
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 | 8.81 | 15.96 | 16.06 | 14.26 | 16.53 | 20.10 | 24.44 | 29.72 | 36.14 | 43.94 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.10 | -0.17 | 0.81 | -1.99 | -1.03 | -0.70 | -0.85 | -1.03 | -1.25 | -1.52 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.03 | -0.26 | -0.33 | -0.14 | -0.01 | -0.21 | -0.25 | -0.30 | -0.37 | -0.45 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -0.13 | -0.42 | 0.48 | -2.13 | -1.04 | -0.90 | -1.10 | -1.34 | -1.62 | -1.97 |
Weighted Average Cost Of Capital
| Share price | $ 1.13 |
|---|---|
| Beta | 1.221 |
| Diluted Shares Outstanding | 15.53 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 3.82% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.279 |
| Total Debt | 2.82 |
| Total Equity | 17.55 |
| Total Capital | 20.37 |
| Debt Weighting | 13.86 |
| Equity Weighting | 86.14 |
| 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 | 8.81 | 15.96 | 16.06 | 14.26 | 16.53 | 20.10 | 24.44 | 29.72 | 36.14 | 43.94 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.10 | -0.17 | 0.81 | -1.99 | -1.03 | -0.70 | -0.85 | -1.03 | -1.25 | -1.52 |
| Capital Expenditure | -0.03 | -0.26 | -0.33 | -0.14 | -0.01 | -0.21 | -0.25 | -0.30 | -0.37 | -0.45 |
| Free Cash Flow | -0.13 | -0.42 | 0.48 | -2.13 | -1.04 | -0.90 | -1.10 | -1.34 | -1.62 | -1.97 |
| WACC | ||||||||||
| PV LFCF | -0.83 | -0.93 | -1.04 | -1.17 | -1.31 | |||||
| SUM PV LFCF | -5.29 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.52 |
| Free cash flow (t + 1) | -2.01 |
| Terminal Value | -30.89 |
| Present Value of Terminal Value | -20.52 |
Intrinsic Value
| Enterprise Value | -25.81 |
|---|---|
| Net Debt | 0.32 |
| Equity Value | -26.13 |
| Shares Outstanding | 15.53 |
| Equity Value Per Share | -1.68 |