Discounted Cash Flow (DCF) Analysis Levered

Jowell Global Ltd. (JWEL)

$2.32

+0.04 (+1.75%)
All numbers are in Millions, Currency in USD
Stock DCF: 34.84 | 2.32 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 24.1961.7896.88170.91335.35658.021,291.122,533.384,970.86
Revenue (%)
Operating Cash Flow 0.160.400.631.112.184.278.3816.4432.25
Operating Cash Flow (%)
Capital Expenditure -0.04-0.01-0.12-1.99-1.22-2.40-4.71-9.24-18.13
Capital Expenditure (%)
Free Cash Flow 0.120.390.51-0.880.951.873.677.1914.12

Weighted Average Cost Of Capital

Share price $ 2.32
Beta 0.000
Diluted Shares Outstanding 24.86
Cost of Debt
Tax Rate 2.90
After-tax Cost of Debt 1.13%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.785
Total Debt 7.98
Total Equity 57.68
Total Capital 65.67
Debt Weighting 12.16
Equity Weighting 87.84
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 24.1961.7896.88170.91335.35658.021,291.122,533.384,970.86
Operating Cash Flow 0.160.400.631.112.184.278.3816.4432.25
Capital Expenditure -0.04-0.01-0.12-1.99-1.22-2.40-4.71-9.24-18.13
Free Cash Flow 0.120.390.51-0.880.951.873.677.1914.12
WACC
PV LFCF 0.951.813.436.5012.32
SUM PV LFCF 24.16

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.46
Free cash flow (t + 1) 14.40
Terminal Value 986.13
Present Value of Terminal Value 831.90

Intrinsic Value

Enterprise Value 856.06
Net Debt -10.27
Equity Value 866.33
Shares Outstanding 24.86
Equity Value Per Share 34.84