Discounted Cash Flow (DCF) Analysis Levered
Electrovaya Inc. (EFL.TO)
$0.92
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 | 5.63 | 4.89 | 14.53 | 11.58 | 19.17 | 30.15 | 47.42 | 74.58 | 117.28 | 184.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -7 | -2.87 | -3.90 | -8.12 | -11.81 | -20.60 | -32.39 | -50.95 | -80.12 | -126 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | -0.04 | -0.56 | -0.05 | -0.54 | -0.85 | -1.33 | -2.10 | -3.30 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -7 | -2.87 | -3.94 | -8.68 | -11.86 | -21.14 | -33.24 | -52.28 | -82.22 | -129.30 |
Weighted Average Cost Of Capital
| Share price | $ 0.92 |
|---|---|
| Beta | 1.520 |
| Diluted Shares Outstanding | 139.89 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 14.13% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.960 |
| Total Debt | 19.11 |
| Total Equity | 128.70 |
| Total Capital | 147.82 |
| Debt Weighting | 12.93 |
| Equity Weighting | 87.07 |
| 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 | 5.63 | 4.89 | 14.53 | 11.58 | 19.17 | 30.15 | 47.42 | 74.58 | 117.28 | 184.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -7 | -2.87 | -3.90 | -8.12 | -11.81 | -20.60 | -32.39 | -50.95 | -80.12 | -126 |
| Capital Expenditure | - | - | -0.04 | -0.56 | -0.05 | -0.54 | -0.85 | -1.33 | -2.10 | -3.30 |
| Free Cash Flow | -7 | -2.87 | -3.94 | -8.68 | -11.86 | -21.14 | -33.24 | -52.28 | -82.22 | -129.30 |
| WACC | ||||||||||
| PV LFCF | -15.30 | -21.61 | -30.51 | -43.09 | -60.85 | |||||
| SUM PV LFCF | -212.54 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.37 |
| Free cash flow (t + 1) | -131.89 |
| Terminal Value | -1,407.56 |
| Present Value of Terminal Value | -821.54 |
Intrinsic Value
| Enterprise Value | -1,034.08 |
|---|---|
| Net Debt | 18.49 |
| Equity Value | -1,052.57 |
| Shares Outstanding | 139.89 |
| Equity Value Per Share | -7.52 |