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 | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 0.79 | 6.70 | 15.13 | 12.84 | 14.39 | 45.86 | 146.21 | 466.10 | 1,485.91 | 4,737.03 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.79 | 6.70 | 15.13 | 12.84 | 14.39 | 45.86 | 146.21 | 466.10 | 1,485.91 | 4,737.03 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |