Discounted Cash Flow (DCF) Analysis Levered
Dolphin Entertainment, Inc. (DLPN)
$1.66
+0.01 (+0.30%)
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 | 22.55 | 25 | 24.05 | 35.73 | 40.51 | 47.49 | 55.68 | 65.28 | 76.54 | 89.74 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.62 | -2.91 | -1.51 | -1.32 | -4.03 | -3.26 | -3.82 | -4.48 | -5.25 | -6.15 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.09 | -0.10 | -0.08 | -0.13 | -0.15 | -0.18 | -0.21 | -0.25 | -0.29 | -0.34 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -0.71 | -3.01 | -1.58 | -1.45 | -4.18 | -3.44 | -4.03 | -4.72 | -5.54 | -6.49 |
Weighted Average Cost Of Capital
| Share price | $ 1.66 |
|---|---|
| Beta | 2.532 |
| Diluted Shares Outstanding | 9.93 |
| Cost of Debt | |
| Tax Rate | -4.06 |
| After-tax Cost of Debt | 4.32% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 16.273 |
| Total Debt | 21.82 |
| Total Equity | 16.48 |
| Total Capital | 38.30 |
| Debt Weighting | 56.98 |
| Equity Weighting | 43.02 |
| 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 | 22.55 | 25 | 24.05 | 35.73 | 40.51 | 47.49 | 55.68 | 65.28 | 76.54 | 89.74 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.62 | -2.91 | -1.51 | -1.32 | -4.03 | -3.26 | -3.82 | -4.48 | -5.25 | -6.15 |
| Capital Expenditure | -0.09 | -0.10 | -0.08 | -0.13 | -0.15 | -0.18 | -0.21 | -0.25 | -0.29 | -0.34 |
| Free Cash Flow | -0.71 | -3.01 | -1.58 | -1.45 | -4.18 | -3.44 | -4.03 | -4.72 | -5.54 | -6.49 |
| WACC | ||||||||||
| PV LFCF | -3.14 | -3.36 | -3.60 | -3.86 | -4.13 | |||||
| SUM PV LFCF | -18.09 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.46 |
| Free cash flow (t + 1) | -6.62 |
| Terminal Value | -88.77 |
| Present Value of Terminal Value | -56.49 |
Intrinsic Value
| Enterprise Value | -74.58 |
|---|---|
| Net Debt | 15.75 |
| Equity Value | -90.34 |
| Shares Outstanding | 9.93 |
| Equity Value Per Share | -9.10 |