Discounted Cash Flow (DCF) Analysis Levered
Gevo, Inc. (GEVO)
$1.23
+0.02 (+1.65%)
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 | 32.86 | 24.45 | 5.31 | 0.71 | 1.18 | 0.81 | 0.55 | 0.38 | 0.26 | 0.18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -15.85 | -20.84 | -19.34 | -43.54 | -52.61 | -17.92 | -12.31 | -8.45 | -5.81 | -3.99 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.23 | -5.99 | -5.91 | -68.83 | -75.79 | -26.27 | -18.05 | -12.40 | -8.52 | -5.85 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -18.08 | -26.83 | -25.24 | -112.37 | -128.40 | -44.19 | -30.35 | -20.85 | -14.32 | -9.84 |
Weighted Average Cost Of Capital
| Share price | $ 1.23 |
|---|---|
| Beta | 3.115 |
| Diluted Shares Outstanding | 221.54 |
| Cost of Debt | |
| Tax Rate | -20.99 |
| After-tax Cost of Debt | 1.67% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 19.245 |
| Total Debt | 69.69 |
| Total Equity | 272.49 |
| Total Capital | 342.18 |
| Debt Weighting | 20.37 |
| Equity Weighting | 79.63 |
| 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 | 32.86 | 24.45 | 5.31 | 0.71 | 1.18 | 0.81 | 0.55 | 0.38 | 0.26 | 0.18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -15.85 | -20.84 | -19.34 | -43.54 | -52.61 | -17.92 | -12.31 | -8.45 | -5.81 | -3.99 |
| Capital Expenditure | -2.23 | -5.99 | -5.91 | -68.83 | -75.79 | -26.27 | -18.05 | -12.40 | -8.52 | -5.85 |
| Free Cash Flow | -18.08 | -26.83 | -25.24 | -112.37 | -128.40 | -44.19 | -30.35 | -20.85 | -14.32 | -9.84 |
| WACC | ||||||||||
| PV LFCF | -38.20 | -22.69 | -13.47 | -8 | -4.75 | |||||
| SUM PV LFCF | -87.11 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 15.67 |
| Free cash flow (t + 1) | -10.04 |
| Terminal Value | -73.41 |
| Present Value of Terminal Value | -35.46 |
Intrinsic Value
| Enterprise Value | -122.57 |
|---|---|
| Net Debt | -167.43 |
| Equity Value | 44.87 |
| Shares Outstanding | 221.54 |
| Equity Value Per Share | 0.20 |