Discounted Cash Flow (DCF) Analysis Levered
Arcimoto, Inc. (FUV)
$0.9289
-0.09 (-8.93%)
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 | 0.09 | 0.99 | 2.18 | 4.39 | 6.56 | 26.41 | 106.40 | 428.59 | 1,726.40 | 6,954.11 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -12.67 | -14.29 | -16.29 | -39.29 | -47.52 | -906.30 | -3,650.65 | -14,705.20 | -59,234.02 | -238,600.59 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.72 | -0.25 | -2.84 | -17.36 | -8.06 | -131.15 | -528.28 | -2,127.98 | -8,571.71 | -34,527.72 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -14.39 | -14.55 | -19.14 | -56.65 | -55.58 | -1,037.45 | -4,178.94 | -16,833.18 | -67,805.73 | -273,128.31 |
Weighted Average Cost Of Capital
| Share price | $ 0.9,289 |
|---|---|
| Beta | 2.299 |
| Diluted Shares Outstanding | 2.21 |
| Cost of Debt | |
| Tax Rate | -0.01 |
| After-tax Cost of Debt | 7.43% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 15.007 |
| Total Debt | 14.59 |
| Total Equity | 2.05 |
| Total Capital | 16.64 |
| Debt Weighting | 87.66 |
| Equity Weighting | 12.34 |
| 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 | 0.09 | 0.99 | 2.18 | 4.39 | 6.56 | 26.41 | 106.40 | 428.59 | 1,726.40 | 6,954.11 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -12.67 | -14.29 | -16.29 | -39.29 | -47.52 | -906.30 | -3,650.65 | -14,705.20 | -59,234.02 | -238,600.59 |
| Capital Expenditure | -1.72 | -0.25 | -2.84 | -17.36 | -8.06 | -131.15 | -528.28 | -2,127.98 | -8,571.71 | -34,527.72 |
| Free Cash Flow | -14.39 | -14.55 | -19.14 | -56.65 | -55.58 | -1,037.45 | -4,178.94 | -16,833.18 | -67,805.73 | -273,128.31 |
| WACC | ||||||||||
| PV LFCF | -957.41 | -3,559 | -13,229.98 | -49,180.21 | -182,819.17 | |||||
| SUM PV LFCF | -249,745.77 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.36 |
| Free cash flow (t + 1) | -278,590.88 |
| Terminal Value | -4,380,359.73 |
| Present Value of Terminal Value | -2,932,005.61 |
Intrinsic Value
| Enterprise Value | -3,181,751.37 |
|---|---|
| Net Debt | 14.13 |
| Equity Value | -3,181,765.50 |
| Shares Outstanding | 2.21 |
| Equity Value Per Share | -1,439,780.00 |