Discounted Cash Flow (DCF) Analysis Levered
Farmmi, Inc. (FAMI)
$0.45
-0.00 (-1.03%)
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 | 29.82 | 30.84 | 30.17 | 39.29 | 99.21 | 144.85 | 211.48 | 308.76 | 450.79 | 658.16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -2.73 | -10.77 | -1.62 | -0.94 | 20.64 | -8.99 | -13.12 | -19.16 | -27.97 | -40.84 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.06 | -0.09 | -0.25 | -0.18 | -0.44 | -0.65 | -0.95 | -1.38 | -2.02 | -2.95 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -2.79 | -10.87 | -1.86 | -1.12 | 20.19 | -9.64 | -14.07 | -20.54 | -29.99 | -43.79 |
Weighted Average Cost Of Capital
| Share price | $ 0.45 |
|---|---|
| Beta | 0.844 |
| Diluted Shares Outstanding | 11.68 |
| Cost of Debt | |
| Tax Rate | -5.62 |
| After-tax Cost of Debt | 2.95% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.734 |
| Total Debt | 4.55 |
| Total Equity | 5.26 |
| Total Capital | 9.81 |
| Debt Weighting | 46.41 |
| Equity Weighting | 53.59 |
| 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 | 29.82 | 30.84 | 30.17 | 39.29 | 99.21 | 144.85 | 211.48 | 308.76 | 450.79 | 658.16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -2.73 | -10.77 | -1.62 | -0.94 | 20.64 | -8.99 | -13.12 | -19.16 | -27.97 | -40.84 |
| Capital Expenditure | -0.06 | -0.09 | -0.25 | -0.18 | -0.44 | -0.65 | -0.95 | -1.38 | -2.02 | -2.95 |
| Free Cash Flow | -2.79 | -10.87 | -1.86 | -1.12 | 20.19 | -9.64 | -14.07 | -20.54 | -29.99 | -43.79 |
| WACC | ||||||||||
| PV LFCF | -9.13 | -12.64 | -17.49 | -24.20 | -33.49 | |||||
| SUM PV LFCF | -96.95 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.51 |
| Free cash flow (t + 1) | -44.66 |
| Terminal Value | -1,272.45 |
| Present Value of Terminal Value | -973.14 |
Intrinsic Value
| Enterprise Value | -1,070.08 |
|---|---|
| Net Debt | -36.62 |
| Equity Value | -1,033.47 |
| Shares Outstanding | 11.68 |
| Equity Value Per Share | -88.49 |