Discounted Cash Flow (DCF) Analysis Levered
GigaMedia Limited (GIGM)
$1.35
-0.01 (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 | 7.10 | 6.64 | 6.88 | 5.49 | 5.59 | 5.29 | 5 | 4.74 | 4.48 | 4.24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -3.91 | -1.57 | -2.08 | -4.13 | -2.07 | -2.34 | -2.22 | -2.10 | -1.98 | -1.88 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.13 | -0.06 | -0.03 | -0.09 | -0.03 | -0.06 | -0.05 | -0.05 | -0.05 | -0.05 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -4.04 | -1.63 | -2.11 | -4.23 | -2.11 | -2.40 | -2.27 | -2.15 | -2.03 | -1.92 |
Weighted Average Cost Of Capital
| Share price | $ 1.35 |
|---|---|
| Beta | 0.338 |
| Diluted Shares Outstanding | 11.05 |
| Cost of Debt | |
| Tax Rate | -0.01 |
| After-tax Cost of Debt | 4.25% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.168 |
| Total Debt | 0.89 |
| Total Equity | 14.92 |
| Total Capital | 15.81 |
| Debt Weighting | 5.65 |
| Equity Weighting | 94.35 |
| 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 | 7.10 | 6.64 | 6.88 | 5.49 | 5.59 | 5.29 | 5 | 4.74 | 4.48 | 4.24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -3.91 | -1.57 | -2.08 | -4.13 | -2.07 | -2.34 | -2.22 | -2.10 | -1.98 | -1.88 |
| Capital Expenditure | -0.13 | -0.06 | -0.03 | -0.09 | -0.03 | -0.06 | -0.05 | -0.05 | -0.05 | -0.05 |
| Free Cash Flow | -4.04 | -1.63 | -2.11 | -4.23 | -2.11 | -2.40 | -2.27 | -2.15 | -2.03 | -1.92 |
| WACC | ||||||||||
| PV LFCF | -2.26 | -2.02 | -1.80 | -1.61 | -1.43 | |||||
| SUM PV LFCF | -9.12 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.06 |
| Free cash flow (t + 1) | -1.96 |
| Terminal Value | -48.36 |
| Present Value of Terminal Value | -36.04 |
Intrinsic Value
| Enterprise Value | -45.16 |
|---|---|
| Net Debt | -37.90 |
| Equity Value | -7.26 |
| Shares Outstanding | 11.05 |
| Equity Value Per Share | -0.66 |