Discounted Cash Flow (DCF) Analysis Levered
IT Tech Packaging, Inc. (ITP)
$0.3697
-0.07 (-15.98%)
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 | 86.75 | 117.61 | 100.94 | 160.88 | 100.35 | 111.18 | 123.18 | 136.47 | 151.20 | 167.51 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 9.79 | 7.53 | 16.14 | -2.44 | 10.72 | 9.53 | 10.56 | 11.70 | 12.96 | 14.36 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.20 | -6.42 | -21.11 | -25.07 | -4.53 | -10.90 | -12.07 | -13.37 | -14.82 | -16.42 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 7.59 | 1.11 | -4.96 | -27.51 | 6.19 | -1.37 | -1.52 | -1.68 | -1.86 | -2.06 |
Weighted Average Cost Of Capital
| Share price | $ 0.3,697 |
|---|---|
| Beta | -0.148 |
| Diluted Shares Outstanding | 5.98 |
| Cost of Debt | |
| Tax Rate | -240.98 |
| After-tax Cost of Debt | 6.66% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 2.992 |
| Total Debt | 15.44 |
| Total Equity | 2.21 |
| Total Capital | 17.66 |
| Debt Weighting | 87.47 |
| Equity Weighting | 12.53 |
| 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 | 86.75 | 117.61 | 100.94 | 160.88 | 100.35 | 111.18 | 123.18 | 136.47 | 151.20 | 167.51 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 9.79 | 7.53 | 16.14 | -2.44 | 10.72 | 9.53 | 10.56 | 11.70 | 12.96 | 14.36 |
| Capital Expenditure | -2.20 | -6.42 | -21.11 | -25.07 | -4.53 | -10.90 | -12.07 | -13.37 | -14.82 | -16.42 |
| Free Cash Flow | 7.59 | 1.11 | -4.96 | -27.51 | 6.19 | -1.37 | -1.52 | -1.68 | -1.86 | -2.06 |
| WACC | ||||||||||
| PV LFCF | -1.29 | -1.34 | -1.40 | -1.46 | -1.53 | |||||
| SUM PV LFCF | -7.02 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.20 |
| Free cash flow (t + 1) | -2.10 |
| Terminal Value | -50.05 |
| Present Value of Terminal Value | -37.05 |
Intrinsic Value
| Enterprise Value | -44.07 |
|---|---|
| Net Debt | 5.92 |
| Equity Value | -49.99 |
| Shares Outstanding | 5.98 |
| Equity Value Per Share | -8.35 |