Discounted Cash Flow (DCF) Analysis Levered
Globex Mining Enterprises Inc. (GMX.TO)
$0.92
-0.06 (-6.12%)
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 | 3.05 | 2.29 | 7.40 | 35.27 | 2 | 4.40 | 9.69 | 21.33 | 46.94 | 103.30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.52 | -1.45 | 0.56 | 7.59 | -3.04 | -1.79 | -3.94 | -8.66 | -19.06 | -41.96 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0 | -0.01 | -0.02 | -0.52 | -0.16 | -0.09 | -0.20 | -0.44 | -0.96 | -2.12 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -0.52 | -1.46 | 0.54 | 7.06 | -3.19 | -1.88 | -4.13 | -9.10 | -20.03 | -44.07 |
Weighted Average Cost Of Capital
| Share price | $ 0.92 |
|---|---|
| Beta | 1.204 |
| Diluted Shares Outstanding | 55.54 |
| Cost of Debt | |
| Tax Rate | -3.79 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.938 |
| Total Debt | - |
| Total Equity | 51.10 |
| Total Capital | 51.10 |
| Debt Weighting | 0.00 |
| Equity Weighting | 100.00 |
| 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 | 3.05 | 2.29 | 7.40 | 35.27 | 2 | 4.40 | 9.69 | 21.33 | 46.94 | 103.30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.52 | -1.45 | 0.56 | 7.59 | -3.04 | -1.79 | -3.94 | -8.66 | -19.06 | -41.96 |
| Capital Expenditure | -0 | -0.01 | -0.02 | -0.52 | -0.16 | -0.09 | -0.20 | -0.44 | -0.96 | -2.12 |
| Free Cash Flow | -0.52 | -1.46 | 0.54 | 7.06 | -3.19 | -1.88 | -4.13 | -9.10 | -20.03 | -44.07 |
| WACC | ||||||||||
| PV LFCF | -1.71 | -3.42 | -6.85 | -13.71 | -27.44 | |||||
| SUM PV LFCF | -53.13 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.94 |
| Free cash flow (t + 1) | -44.96 |
| Terminal Value | -566.20 |
| Present Value of Terminal Value | -352.52 |
Intrinsic Value
| Enterprise Value | -405.65 |
|---|---|
| Net Debt | -1.53 |
| Equity Value | -404.12 |
| Shares Outstanding | 55.54 |
| Equity Value Per Share | -7.28 |