Discounted Cash Flow (DCF) Analysis Levered

GigaMedia Limited (GIGM)

$1.95

-0.21 (-9.72%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.28 | 1.95 | overvalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 11.607.106.646.875.494.643.933.322.812.37
Revenue (%)
Operating Cash Flow -1.11-3.91-1.57-2.07-4.14-1.80-1.52-1.29-1.09-0.92
Operating Cash Flow (%)
Capital Expenditure -0-0.07-0.05-0.03-0.09-0.04-0.03-0.03-0.02-0.02
Capital Expenditure (%)
Free Cash Flow -1.11-3.98-1.61-2.11-4.23-1.83-1.55-1.31-1.11-0.94

Weighted Average Cost Of Capital

Share price $ 1.95
Beta 0.244
Diluted Shares Outstanding 11.05
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.043
Total Debt -
Total Equity 21.55
Total Capital 21.55
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 11.607.106.646.875.494.643.933.322.812.37
Operating Cash Flow -1.11-3.91-1.57-2.07-4.14-1.80-1.52-1.29-1.09-0.92
Capital Expenditure -0-0.07-0.05-0.03-0.09-0.04-0.03-0.03-0.02-0.02
Free Cash Flow -1.11-3.98-1.61-2.11-4.23-1.83-1.55-1.31-1.11-0.94
WACC
PV LFCF -1.76-1.43-1.16-0.95-0.77
SUM PV LFCF -6.08

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.04
Free cash flow (t + 1) -0.96
Terminal Value -46.86
Present Value of Terminal Value -38.44

Intrinsic Value

Enterprise Value -44.52
Net Debt -41.46
Equity Value -3.06
Shares Outstanding 11.05
Equity Value Per Share -0.28