Discounted Cash Flow (DCF) Analysis Levered
Guardforce AI Co., Limited (GFAI)
$4.04
-0.02 (-0.49%)
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 | 37.34 | 38.57 | 37.65 | 35.15 | 34.48 | 33.82 | 33.17 | 32.54 | 31.91 | 31.30 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 5.44 | 4.73 | 4.66 | 0.05 | -19.19 | -1.10 | -1.08 | -1.06 | -1.04 | -1.02 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -1.95 | -0.48 | -1.43 | -5.25 | -7.64 | -3.20 | -3.14 | -3.08 | -3.02 | -2.97 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 3.49 | 4.25 | 3.23 | -5.20 | -26.84 | -4.31 | -4.22 | -4.14 | -4.06 | -3.99 |
Weighted Average Cost Of Capital
Share price | $ 4.04 |
---|---|
Beta | 2.831 |
Diluted Shares Outstanding | 1.24 |
Cost of Debt | |
Tax Rate | -0.17 |
After-tax Cost of Debt | 4.36% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 17.718 |
Total Debt | 28.41 |
Total Equity | 5.01 |
Total Capital | 33.42 |
Debt Weighting | 85.01 |
Equity Weighting | 14.99 |
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 | 37.34 | 38.57 | 37.65 | 35.15 | 34.48 | 33.82 | 33.17 | 32.54 | 31.91 | 31.30 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 5.44 | 4.73 | 4.66 | 0.05 | -19.19 | -1.10 | -1.08 | -1.06 | -1.04 | -1.02 |
Capital Expenditure | -1.95 | -0.48 | -1.43 | -5.25 | -7.64 | -3.20 | -3.14 | -3.08 | -3.02 | -2.97 |
Free Cash Flow | 3.49 | 4.25 | 3.23 | -5.20 | -26.84 | -4.31 | -4.22 | -4.14 | -4.06 | -3.99 |
WACC | ||||||||||
PV LFCF | -4.05 | -3.73 | -3.44 | -3.18 | -2.93 | |||||
SUM PV LFCF | -17.33 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.36 |
Free cash flow (t + 1) | -4.07 |
Terminal Value | -93.25 |
Present Value of Terminal Value | -68.51 |
Intrinsic Value
Enterprise Value | -85.84 |
---|---|
Net Debt | 21.48 |
Equity Value | -107.33 |
Shares Outstanding | 1.24 |
Equity Value Per Share | -86.54 |