Discounted Cash Flow (DCF) Analysis Levered
DAVIDsTEA Inc. (DTEA)
$0.52
0.00 (0.00%)
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 | 224.01 | 212.75 | 196.46 | 121.69 | 104.07 | 87.10 | 72.90 | 61.01 | 51.07 | 42.74 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 9.86 | -13.23 | 33.11 | -11.27 | -4.24 | 0.30 | 0.25 | 0.21 | 0.17 | 0.15 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -12.60 | -8.26 | -3.63 | -0.91 | -0.05 | -2.12 | -1.77 | -1.48 | -1.24 | -1.04 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -2.74 | -21.49 | 29.48 | -12.18 | -4.29 | -1.82 | -1.52 | -1.28 | -1.07 | -0.89 |
Weighted Average Cost Of Capital
| Share price | $ 0.52 |
|---|---|
| Beta | 2.666 |
| Diluted Shares Outstanding | 27.64 |
| Cost of Debt | |
| Tax Rate | -1.30 |
| After-tax Cost of Debt | 4.16% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 16.740 |
| Total Debt | 12.55 |
| Total Equity | 14.38 |
| Total Capital | 26.93 |
| Debt Weighting | 46.62 |
| Equity Weighting | 53.38 |
| 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 | 224.01 | 212.75 | 196.46 | 121.69 | 104.07 | 87.10 | 72.90 | 61.01 | 51.07 | 42.74 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 9.86 | -13.23 | 33.11 | -11.27 | -4.24 | 0.30 | 0.25 | 0.21 | 0.17 | 0.15 |
| Capital Expenditure | -12.60 | -8.26 | -3.63 | -0.91 | -0.05 | -2.12 | -1.77 | -1.48 | -1.24 | -1.04 |
| Free Cash Flow | -2.74 | -21.49 | 29.48 | -12.18 | -4.29 | -1.82 | -1.52 | -1.28 | -1.07 | -0.89 |
| WACC | ||||||||||
| PV LFCF | -1.64 | -1.24 | -0.94 | -0.71 | -0.53 | |||||
| SUM PV LFCF | -5.06 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 10.87 |
| Free cash flow (t + 1) | -0.91 |
| Terminal Value | -10.28 |
| Present Value of Terminal Value | -6.13 |
Intrinsic Value
| Enterprise Value | -11.19 |
|---|---|
| Net Debt | -12.55 |
| Equity Value | 1.36 |
| Shares Outstanding | 27.64 |
| Equity Value Per Share | 0.05 |