Discounted Cash Flow (DCF) Analysis Levered
IMAC Holdings, Inc. (IMAC)
$1.01
+0.02 (+2.00%)
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 | 6.70 | 15.13 | 12.84 | 14.39 | 16.19 | 21.66 | 28.97 | 38.76 | 51.86 | 69.39 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -1.81 | -4.07 | -5.99 | -7.59 | -10.29 | -9.40 | -12.57 | -16.82 | -22.50 | -30.11 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.58 | -1.20 | -0.37 | -0.76 | -0.33 | -1.81 | -2.42 | -3.24 | -4.33 | -5.79 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -3.39 | -5.27 | -6.36 | -8.35 | -10.63 | -11.20 | -14.99 | -20.06 | -26.83 | -35.90 |
Weighted Average Cost Of Capital
| Share price | $ 1.01 |
|---|---|
| Beta | -0.886 |
| Diluted Shares Outstanding | 0.94 |
| Cost of Debt | |
| Tax Rate | -46.04 |
| After-tax Cost of Debt | 4.32% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 0.143 |
| Total Debt | 4.16 |
| Total Equity | 0.95 |
| Total Capital | 5.11 |
| Debt Weighting | 81.36 |
| Equity Weighting | 18.64 |
| 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 | 6.70 | 15.13 | 12.84 | 14.39 | 16.19 | 21.66 | 28.97 | 38.76 | 51.86 | 69.39 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1.81 | -4.07 | -5.99 | -7.59 | -10.29 | -9.40 | -12.57 | -16.82 | -22.50 | -30.11 |
| Capital Expenditure | -1.58 | -1.20 | -0.37 | -0.76 | -0.33 | -1.81 | -2.42 | -3.24 | -4.33 | -5.79 |
| Free Cash Flow | -3.39 | -5.27 | -6.36 | -8.35 | -10.63 | -11.20 | -14.99 | -20.06 | -26.83 | -35.90 |
| WACC | ||||||||||
| PV LFCF | -10.82 | -13.98 | -18.07 | -23.35 | -30.17 | |||||
| SUM PV LFCF | -96.39 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.54 |
| Free cash flow (t + 1) | -36.62 |
| Terminal Value | -2,377.92 |
| Present Value of Terminal Value | -1,998.28 |
Intrinsic Value
| Enterprise Value | -2,094.67 |
|---|---|
| Net Debt | 3.39 |
| Equity Value | -2,098.07 |
| Shares Outstanding | 0.94 |
| Equity Value Per Share | -2,226.16 |