Discounted Cash Flow (DCF) Analysis Levered
Great Panther Mining Limited (GPR.TO)
$1.09
0.00 (0.00%)
All numbers are in Millions, Currency in USD
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 | 63.75 | 59.43 | 198.65 | 260.80 | 185.68 | 292.42 | 460.54 | 725.30 | 1,142.26 | 1,798.95 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 5.70 | 0.33 | 13.79 | 68.89 | -0.69 | 24.85 | 39.13 | 61.62 | 97.05 | 152.84 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -5.27 | -2.07 | -25.91 | -41.95 | -43.98 | -37.75 | -59.46 | -93.64 | -147.47 | -232.25 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 0.44 | -1.74 | -12.12 | 26.94 | -44.66 | -12.91 | -20.33 | -32.02 | -50.42 | -79.41 |
Weighted Average Cost Of Capital
| Share price | $ 1.09 |
|---|---|
| Beta | 1.950 |
| Diluted Shares Outstanding | 27.34 |
| Cost of Debt | |
| Tax Rate | -0.09 |
| After-tax Cost of Debt | 4.56% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 13.457 |
| Total Debt | 57.10 |
| Total Equity | 29.80 |
| Total Capital | 86.90 |
| Debt Weighting | 65.71 |
| Equity Weighting | 34.29 |
| 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 | 63.75 | 59.43 | 198.65 | 260.80 | 185.68 | 292.42 | 460.54 | 725.30 | 1,142.26 | 1,798.95 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.70 | 0.33 | 13.79 | 68.89 | -0.69 | 24.85 | 39.13 | 61.62 | 97.05 | 152.84 |
| Capital Expenditure | -5.27 | -2.07 | -25.91 | -41.95 | -43.98 | -37.75 | -59.46 | -93.64 | -147.47 | -232.25 |
| Free Cash Flow | 0.44 | -1.74 | -12.12 | 26.94 | -44.66 | -12.91 | -20.33 | -32.02 | -50.42 | -79.41 |
| WACC | ||||||||||
| PV LFCF | -12 | -17.56 | -25.69 | -37.60 | -55.03 | |||||
| SUM PV LFCF | -147.87 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.61 |
| Free cash flow (t + 1) | -81 |
| Terminal Value | -1,443.77 |
| Present Value of Terminal Value | -1,000.54 |
Intrinsic Value
| Enterprise Value | -1,148.42 |
|---|---|
| Net Debt | 9.41 |
| Equity Value | -1,157.82 |
| Shares Outstanding | 27.34 |
| Equity Value Per Share | -42.35 |