Discounted Cash Flow (DCF) Analysis Levered

Globex Mining Enterprises Inc. (GMX.TO)

$0.67

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -71.48 | 0.67 | 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 3.963.052.297.4035.2783.92199.66475.011,130.102,688.64
Revenue (%)
Operating Cash Flow -0.57-0.52-1.450.567.59-11.02-26.21-62.35-148.34-352.91
Operating Cash Flow (%)
Capital Expenditure -0-0-0.01-0.02-0.52-0.41-0.98-2.32-5.53-13.16
Capital Expenditure (%)
Free Cash Flow -0.57-0.52-1.460.547.06-11.43-27.18-64.67-153.87-366.07

Weighted Average Cost Of Capital

Share price $ 0.67
Beta 1.070
Diluted Shares Outstanding 56.79
Cost of Debt
Tax Rate 25.96
After-tax Cost of Debt 3.70%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.752
Total Debt -
Total Equity 38.05
Total Capital 38.05
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 3.963.052.297.4035.2783.92199.66475.011,130.102,688.64
Operating Cash Flow -0.57-0.52-1.450.567.59-11.02-26.21-62.35-148.34-352.91
Capital Expenditure -0-0-0.01-0.02-0.52-0.41-0.98-2.32-5.53-13.16
Free Cash Flow -0.57-0.52-1.460.547.06-11.43-27.18-64.67-153.87-366.07
WACC
PV LFCF -10.51-22.99-50.29-110.01-240.67
SUM PV LFCF -434.45

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.75
Free cash flow (t + 1) -373.39
Terminal Value -5,531.67
Present Value of Terminal Value -3,636.72

Intrinsic Value

Enterprise Value -4,071.17
Net Debt -12.13
Equity Value -4,059.05
Shares Outstanding 56.79
Equity Value Per Share -71.48