Discounted Cash Flow (DCF) Analysis Levered
IKONICS Corporation (IKNX)
$33.9
-0.10 (-0.29%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 17.57 | 17.24 | 18.21 | 17.62 | 13.43 | 12.65 | 11.92 | 11.22 | 10.57 | 9.96 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 0.92 | 0.20 | 1.22 | -0.48 | -0.40 | 0.19 | 0.18 | 0.17 | 0.16 | 0.15 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.09 | -0.27 | -0.59 | -0.50 | -0.16 | -0.53 | -0.50 | -0.47 | -0.44 | -0.41 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -1.17 | -0.06 | 0.63 | -0.98 | -0.56 | -0.34 | -0.32 | -0.30 | -0.28 | -0.27 |
Weighted Average Cost Of Capital
| Share price | $ 33.9 |
|---|---|
| Beta | 0.912 |
| Diluted Shares Outstanding | 1.98 |
| Cost of Debt | |
| Tax Rate | 32.34 |
| After-tax Cost of Debt | 1.09% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.038 |
| Total Debt | 5.38 |
| Total Equity | 67 |
| Total Capital | 72.38 |
| Debt Weighting | 7.43 |
| Equity Weighting | 92.57 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 17.57 | 17.24 | 18.21 | 17.62 | 13.43 | 12.65 | 11.92 | 11.22 | 10.57 | 9.96 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 0.92 | 0.20 | 1.22 | -0.48 | -0.40 | 0.19 | 0.18 | 0.17 | 0.16 | 0.15 |
| Capital Expenditure | -2.09 | -0.27 | -0.59 | -0.50 | -0.16 | -0.53 | -0.50 | -0.47 | -0.44 | -0.41 |
| Free Cash Flow | -1.17 | -0.06 | 0.63 | -0.98 | -0.56 | -0.34 | -0.32 | -0.30 | -0.28 | -0.27 |
| WACC | ||||||||||
| PV LFCF | -0.31 | -0.27 | -0.23 | -0.20 | -0.18 | |||||
| SUM PV LFCF | -1.20 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.45 |
| Free cash flow (t + 1) | -0.27 |
| Terminal Value | -4.19 |
| Present Value of Terminal Value | -2.80 |
Intrinsic Value
| Enterprise Value | -3.99 |
|---|---|
| Net Debt | 1.68 |
| Equity Value | -5.67 |
| Shares Outstanding | 1.98 |
| Equity Value Per Share | -2.87 |