Discounted Cash Flow (DCF) Analysis Levered

Longeveron Inc. (LGVN)

$ 30.67
-11.63 (-27.49%)
Stock DCF: -429.20 | 30.67 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 2.135.645.6310.2518.6533.9461.76112.41
Revenue (%)
Operating Cash Flow -5.18-2.39-2.36-11.17-20.32-36.99-67.31-122.51
Operating Cash Flow (%)
Capital Expenditure -0.21-0.13-0.26-0.57-1.04-1.90-3.45-6.29
Capital Expenditure (%)
Free Cash Flow -5.39-2.52-2.63-11.74-21.37-38.88-70.77-128.80

Weighted Average Cost Of Capital

Share price $ 30.67
Beta 0.000
Diluted Shares Outstanding 14.47
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 0.65%
Risk-Free Rate
Market Risk Premium
Cost of Equity 1.482
Total Debt 1
Total Equity 443.66
Total Capital 444.66
Debt Weighting 0.22
Equity Weighting 99.78
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 2.135.645.6310.2518.6533.9461.76112.41
Operating Cash Flow -5.18-2.39-2.36-11.17-20.32-36.99-67.31-122.51
Capital Expenditure -0.21-0.13-0.26-0.57-1.04-1.90-3.45-6.29
Free Cash Flow -5.39-2.52-2.63-11.74-21.37-38.88-70.77-128.80
WACC
PV LFCF -11.91-21.37-38.32-68.72-123.24
SUM PV LFCF -255.93

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 1.48
Free cash flow (t + 1) -128.13
Terminal Value -6,406.35
Present Value of Terminal Value -5,952.62

Intrinsic Value

Enterprise Value -6,208.55
Net Debt 0.18
Equity Value -6,208.73
Shares Outstanding 14.47
Equity Value Per Share -429.20