Discounted Cash Flow (DCF) Analysis Levered
Idera Pharmaceuticals, Inc. (IDRA)
$0.425
-0.13 (-23.04%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 0.66 | 1.45 | 3.17 | 6.93 | 15.15 | 33.14 | 72.50 | 158.57 | 346.85 | 758.67 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -51.92 | -44.50 | -33.77 | -24.60 | -24.49 | -828.50 | -1,812.19 | -3,963.83 | -8,670.13 | -18,964.27 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -0.07 | -0.01 | -0.01 | -0.28 | -0.62 | -1.36 | -2.98 | -6.52 | -14.27 | -31.21 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -51.99 | -44.51 | -33.78 | -24.88 | -25.12 | -829.87 | -1,815.18 | -3,970.35 | -8,684.40 | -18,995.48 |
Weighted Average Cost Of Capital
Share price | $ 0.425 |
---|---|
Beta | 0.000 |
Diluted Shares Outstanding | 3.26 |
Cost of Debt | |
Tax Rate | 21.29 |
After-tax Cost of Debt | 28.67% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 4.573 |
Total Debt | 0.56 |
Total Equity | 1.38 |
Total Capital | 1.94 |
Debt Weighting | 28.81 |
Equity Weighting | 71.19 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 0.66 | 1.45 | 3.17 | 6.93 | 15.15 | 33.14 | 72.50 | 158.57 | 346.85 | 758.67 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -51.92 | -44.50 | -33.77 | -24.60 | -24.49 | -828.50 | -1,812.19 | -3,963.83 | -8,670.13 | -18,964.27 |
Capital Expenditure | -0.07 | -0.01 | -0.01 | -0.28 | -0.62 | -1.36 | -2.98 | -6.52 | -14.27 | -31.21 |
Free Cash Flow | -51.99 | -44.51 | -33.78 | -24.88 | -25.12 | -829.87 | -1,815.18 | -3,970.35 | -8,684.40 | -18,995.48 |
WACC | ||||||||||
PV LFCF | -42.01 | -27.75 | -25.12 | -744.14 | -1,459.53 | -2,862.67 | -5,614.73 | -11,012.52 | ||
SUM PV LFCF | -21,693.58 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.52 |
Free cash flow (t + 1) | -19,375.39 |
Terminal Value | -203,523.04 |
Present Value of Terminal Value | -117,991.24 |
Intrinsic Value
Enterprise Value | -139,684.83 |
---|---|
Net Debt | -11.48 |
Equity Value | -139,673.34 |
Shares Outstanding | 3.26 |
Equity Value Per Share | -42,901.86 |