Discounted Cash Flow (DCF) Analysis Levered
Karora Resources Inc. (KRR.TO)
$4.62
-0.01 (-0.22%)
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 | 73.08 | 128.77 | 128.04 | 239.14 | 264.19 | 378.37 | 541.92 | 776.15 | 1,111.63 | 1,592.10 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -2.06 | -8.31 | 15.18 | 91.13 | 106.46 | 61.29 | 87.78 | 125.72 | 180.06 | 257.89 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -37.39 | -13.01 | -25.39 | -46.31 | -92.02 | -102.38 | -146.64 | -210.02 | -300.79 | -430.81 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -39.45 | -21.32 | -10.21 | 44.83 | 14.44 | -41.10 | -58.86 | -84.30 | -120.73 | -172.92 |
Weighted Average Cost Of Capital
Share price | $ 4.62 |
---|---|
Beta | 0.864 |
Diluted Shares Outstanding | 153.70 |
Cost of Debt | |
Tax Rate | 40.37 |
After-tax Cost of Debt | 5.95% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.825 |
Total Debt | 41.64 |
Total Equity | 710.08 |
Total Capital | 751.72 |
Debt Weighting | 5.54 |
Equity Weighting | 94.46 |
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 | 73.08 | 128.77 | 128.04 | 239.14 | 264.19 | 378.37 | 541.92 | 776.15 | 1,111.63 | 1,592.10 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -2.06 | -8.31 | 15.18 | 91.13 | 106.46 | 61.29 | 87.78 | 125.72 | 180.06 | 257.89 |
Capital Expenditure | -37.39 | -13.01 | -25.39 | -46.31 | -92.02 | -102.38 | -146.64 | -210.02 | -300.79 | -430.81 |
Free Cash Flow | -39.45 | -21.32 | -10.21 | 44.83 | 14.44 | -41.10 | -58.86 | -84.30 | -120.73 | -172.92 |
WACC | ||||||||||
PV LFCF | -38.15 | -50.72 | -67.44 | -89.67 | -119.22 | |||||
SUM PV LFCF | -365.21 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.72 |
Free cash flow (t + 1) | -176.38 |
Terminal Value | -3,083.51 |
Present Value of Terminal Value | -2,126 |
Intrinsic Value
Enterprise Value | -2,491.21 |
---|---|
Net Debt | -49.37 |
Equity Value | -2,441.84 |
Shares Outstanding | 153.70 |
Equity Value Per Share | -15.89 |