Discounted Cash Flow (DCF) Analysis Levered
Greenlane Holdings, Inc. (GNLN)
$0.605
+0.03 (+5.58%)
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 | 178.93 | 185.01 | 138.30 | 166.06 | 137.08 | 130.49 | 124.22 | 118.25 | 112.56 | 107.15 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -13.58 | -36.90 | -12.30 | -37.33 | -26.43 | -20.41 | -19.42 | -18.49 | -17.60 | -16.76 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -10.93 | -2.07 | -2.30 | -4.72 | -2.78 | -3.59 | -3.42 | -3.26 | -3.10 | -2.95 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -24.50 | -38.98 | -14.60 | -42.05 | -29.21 | -24 | -22.84 | -21.75 | -20.70 | -19.71 |
Weighted Average Cost Of Capital
| Share price | $ 0.605 |
|---|---|
| Beta | 1.889 |
| Diluted Shares Outstanding | 7.53 |
| Cost of Debt | |
| Tax Rate | 0.01 |
| After-tax Cost of Debt | 12.38% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 13.171 |
| Total Debt | 19.80 |
| Total Equity | 4.56 |
| Total Capital | 24.35 |
| Debt Weighting | 81.29 |
| Equity Weighting | 18.71 |
| 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 | 178.93 | 185.01 | 138.30 | 166.06 | 137.08 | 130.49 | 124.22 | 118.25 | 112.56 | 107.15 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -13.58 | -36.90 | -12.30 | -37.33 | -26.43 | -20.41 | -19.42 | -18.49 | -17.60 | -16.76 |
| Capital Expenditure | -10.93 | -2.07 | -2.30 | -4.72 | -2.78 | -3.59 | -3.42 | -3.26 | -3.10 | -2.95 |
| Free Cash Flow | -24.50 | -38.98 | -14.60 | -42.05 | -29.21 | -24 | -22.84 | -21.75 | -20.70 | -19.71 |
| WACC | ||||||||||
| PV LFCF | -21.33 | -18.04 | -15.26 | -12.91 | -10.92 | |||||
| SUM PV LFCF | -78.46 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 12.53 |
| Free cash flow (t + 1) | -20.10 |
| Terminal Value | -190.88 |
| Present Value of Terminal Value | -105.78 |
Intrinsic Value
| Enterprise Value | -184.24 |
|---|---|
| Net Debt | 13.34 |
| Equity Value | -197.58 |
| Shares Outstanding | 7.53 |
| Equity Value Per Share | -26.24 |