Discounted Cash Flow (DCF) Analysis Levered

9F Inc. (JFU)

$5.02

+0.14 (+2.87%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.07 | 5.02 | overvalue

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 1,078.68889.04707.99200.96121.8376.474830.1318.9111.87
Revenue (%)
Operating Cash Flow 458.49375.34-68.65-279.14-36.76-14.38-9.03-5.67-3.56-2.23
Operating Cash Flow (%)
Capital Expenditure -7.63-7.77-9.07-1.92-1.16-0.73-0.46-0.29-0.18-0.11
Capital Expenditure (%)
Free Cash Flow 450.86367.57-77.72-281.05-37.92-15.11-9.49-5.95-3.74-2.35

Weighted Average Cost Of Capital

Share price $ 5.02
Beta 0.318
Diluted Shares Outstanding 3,971.94
Cost of Debt
Tax Rate -12.54
After-tax Cost of Debt 265.29%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.192
Total Debt 2.87
Total Equity 19,939.13
Total Capital 19,941.99
Debt Weighting 0.01
Equity Weighting 99.99
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 1,078.68889.04707.99200.96121.8376.474830.1318.9111.87
Operating Cash Flow 458.49375.34-68.65-279.14-36.76-14.38-9.03-5.67-3.56-2.23
Capital Expenditure -7.63-7.77-9.07-1.92-1.16-0.73-0.46-0.29-0.18-0.11
Free Cash Flow 450.86367.57-77.72-281.05-37.92-15.11-9.49-5.95-3.74-2.35
WACC
PV LFCF -14.36-8.57-5.11-3.05-1.82
SUM PV LFCF -32.90

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.23
Free cash flow (t + 1) -2.39
Terminal Value -74.07
Present Value of Terminal Value -57.40

Intrinsic Value

Enterprise Value -90.30
Net Debt -388.08
Equity Value 297.78
Shares Outstanding 3,971.94
Equity Value Per Share 0.07