Discounted Cash Flow (DCF) Analysis Levered
IZEA Worldwide, Inc. (IZEA)
$2.21
+0.04 (+1.84%)
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 | 20.10 | 18.96 | 18.33 | 30.02 | 41.10 | 50.52 | 62.09 | 76.33 | 93.82 | 115.32 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -5.58 | -2.91 | -2.10 | -2.57 | -3.06 | -7.13 | -8.76 | -10.77 | -13.23 | -16.27 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.93 | -0.68 | -0.38 | -0.28 | -1.55 | -1.51 | -1.86 | -2.29 | -2.81 | -3.46 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -6.51 | -3.58 | -2.48 | -2.85 | -4.61 | -8.64 | -10.62 | -13.05 | -16.05 | -19.72 |
Weighted Average Cost Of Capital
| Share price | $ 2.21 |
|---|---|
| Beta | 2.140 |
| Diluted Shares Outstanding | 62.20 |
| Cost of Debt | |
| Tax Rate | 26.00 |
| After-tax Cost of Debt | 0.56% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 14.834 |
| Total Debt | 0.11 |
| Total Equity | 137.46 |
| Total Capital | 137.57 |
| Debt Weighting | 0.08 |
| Equity Weighting | 99.92 |
| 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 | 20.10 | 18.96 | 18.33 | 30.02 | 41.10 | 50.52 | 62.09 | 76.33 | 93.82 | 115.32 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.58 | -2.91 | -2.10 | -2.57 | -3.06 | -7.13 | -8.76 | -10.77 | -13.23 | -16.27 |
| Capital Expenditure | -0.93 | -0.68 | -0.38 | -0.28 | -1.55 | -1.51 | -1.86 | -2.29 | -2.81 | -3.46 |
| Free Cash Flow | -6.51 | -3.58 | -2.48 | -2.85 | -4.61 | -8.64 | -10.62 | -13.05 | -16.05 | -19.72 |
| WACC | ||||||||||
| PV LFCF | -7.52 | -8.06 | -8.62 | -9.23 | -9.88 | |||||
| SUM PV LFCF | -43.32 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 14.82 |
| Free cash flow (t + 1) | -20.12 |
| Terminal Value | -156.93 |
| Present Value of Terminal Value | -78.63 |
Intrinsic Value
| Enterprise Value | -121.95 |
|---|---|
| Net Debt | -24.50 |
| Equity Value | -97.45 |
| Shares Outstanding | 62.20 |
| Equity Value Per Share | -1.57 |