Discounted Cash Flow (DCF) Analysis Levered
TD Holdings, Inc. (GLG)
$0.64
+0.01 (+1.59%)
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 | 0.49 | 2.49 | 28.27 | 201.13 | 156.84 | 954.41 | 5,807.96 | 35,343.81 | 215,081.60 | 1,308,859.76 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.09 | -2.17 | 29.86 | 8.03 | 4.34 | 14.66 | 89.19 | 542.76 | 3,302.94 | 20,099.77 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.12 | -2.07 | -73.23 | -521.05 | -406.29 | -2,472.43 | -15,045.76 | -91,559.62 | -557,177.82 | -3,390,655.63 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -2.21 | -4.23 | -43.38 | -513.01 | -401.95 | -2,457.77 | -14,956.57 | -91,016.85 | -553,874.88 | -3,370,555.86 |
Weighted Average Cost Of Capital
| Share price | $ 0.64 |
|---|---|
| Beta | 0.363 |
| Diluted Shares Outstanding | 292.95 |
| Cost of Debt | |
| Tax Rate | 39.72 |
| After-tax Cost of Debt | 17.82% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.522 |
| Total Debt | 5.87 |
| Total Equity | 187.49 |
| Total Capital | 193.36 |
| Debt Weighting | 3.04 |
| Equity Weighting | 96.96 |
| 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 | 0.49 | 2.49 | 28.27 | 201.13 | 156.84 | 954.41 | 5,807.96 | 35,343.81 | 215,081.60 | 1,308,859.76 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.09 | -2.17 | 29.86 | 8.03 | 4.34 | 14.66 | 89.19 | 542.76 | 3,302.94 | 20,099.77 |
| Capital Expenditure | -2.12 | -2.07 | -73.23 | -521.05 | -406.29 | -2,472.43 | -15,045.76 | -91,559.62 | -557,177.82 | -3,390,655.63 |
| Free Cash Flow | -2.21 | -4.23 | -43.38 | -513.01 | -401.95 | -2,457.77 | -14,956.57 | -91,016.85 | -553,874.88 | -3,370,555.86 |
| WACC | ||||||||||
| PV LFCF | -2,320.84 | -13,336.44 | -76,636.19 | -440,380.25 | -2,530,589.66 | |||||
| SUM PV LFCF | -3,063,263.38 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.90 |
| Free cash flow (t + 1) | -3,437,966.98 |
| Terminal Value | -88,152,999.39 |
| Present Value of Terminal Value | -66,184,652.53 |
Intrinsic Value
| Enterprise Value | -69,247,915.91 |
|---|---|
| Net Debt | 4.98 |
| Equity Value | -69,247,920.89 |
| Shares Outstanding | 292.95 |
| Equity Value Per Share | -236,380.28 |