Discounted Cash Flow (DCF) Analysis Levered

IMAC Holdings, Inc. (IMAC)

$1.01

+0.02 (+2.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 49,920.96 | 1.01 | undervalue

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 0.796.7015.1312.8414.3945.86146.21466.101,485.914,737.03
Revenue (%)
Operating Cash Flow -0.44-1.81-4.07-5.99-7.59-19.16-61.10-194.77-620.93-1,979.50
Operating Cash Flow (%)
Capital Expenditure -0.55-1.58-1.20-0.13-0.69-9.80-31.24-99.60-317.52-1,012.23
Capital Expenditure (%)
Free Cash Flow -0.98-3.39-5.27-6.12-8.29-28.96-92.34-294.37-938.45-2,991.73

Weighted Average Cost Of Capital

Share price $ 1.01
Beta -1.067
Diluted Shares Outstanding 11.05
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 8.54%
Risk-Free Rate
Market Risk Premium
Cost of Equity -2.240
Total Debt 5.90
Total Equity 11.16
Total Capital 17.07
Debt Weighting 34.60
Equity Weighting 65.40
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 0.796.7015.1312.8414.3945.86146.21466.101,485.914,737.03
Operating Cash Flow -0.44-1.81-4.07-5.99-7.59-19.16-61.10-194.77-620.93-1,979.50
Capital Expenditure -0.55-1.58-1.20-0.13-0.69-9.80-31.24-99.60-317.52-1,012.23
Free Cash Flow -0.98-3.39-5.27-6.12-8.29-28.96-92.34-294.37-938.45-2,991.73
WACC
PV LFCF -28.54-89.65-281.59-884.54-2,778.48
SUM PV LFCF -4,062.79

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 1.49
Free cash flow (t + 1) -3,051.57
Terminal Value 598,346.96
Present Value of Terminal Value 555,695.43

Intrinsic Value

Enterprise Value 551,632.63
Net Debt -1.21
Equity Value 551,633.85
Shares Outstanding 11.05
Equity Value Per Share 49,920.96