Discounted Cash Flow (DCF) Analysis Levered
Comstock Inc. (LODE)
$0.59
+0.00 (+0.00%)
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 | 0.15 | 0.18 | 0.20 | 0.86 | 0.18 | 0.30 | 0.51 | 0.87 | 1.49 | 2.53 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -4.03 | -2.31 | -3.76 | -7.49 | -12.11 | -8.17 | -13.89 | -23.61 | -40.14 | -68.23 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.66 | -2.44 | -0.13 | -0.08 | -3.19 | -2.62 | -4.45 | -7.56 | -12.86 | -21.86 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -5.68 | -4.74 | -3.90 | -7.57 | -15.30 | -10.79 | -18.34 | -31.18 | -53 | -90.08 |
Weighted Average Cost Of Capital
| Share price | $ 0.59 |
|---|---|
| Beta | 1.941 |
| Diluted Shares Outstanding | 74.46 |
| Cost of Debt | |
| Tax Rate | 1.69 |
| After-tax Cost of Debt | 18.59% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.900 |
| Total Debt | 8.73 |
| Total Equity | 43.93 |
| Total Capital | 52.66 |
| Debt Weighting | 16.58 |
| Equity Weighting | 83.42 |
| 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 | 0.15 | 0.18 | 0.20 | 0.86 | 0.18 | 0.30 | 0.51 | 0.87 | 1.49 | 2.53 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -4.03 | -2.31 | -3.76 | -7.49 | -12.11 | -8.17 | -13.89 | -23.61 | -40.14 | -68.23 |
| Capital Expenditure | -1.66 | -2.44 | -0.13 | -0.08 | -3.19 | -2.62 | -4.45 | -7.56 | -12.86 | -21.86 |
| Free Cash Flow | -5.68 | -4.74 | -3.90 | -7.57 | -15.30 | -10.79 | -18.34 | -31.18 | -53 | -90.08 |
| WACC | ||||||||||
| PV LFCF | -9.48 | -14.15 | -21.13 | -31.55 | -47.12 | |||||
| SUM PV LFCF | -123.44 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 13.84 |
| Free cash flow (t + 1) | -91.89 |
| Terminal Value | -776.06 |
| Present Value of Terminal Value | -405.90 |
Intrinsic Value
| Enterprise Value | -529.34 |
|---|---|
| Net Debt | 6.21 |
| Equity Value | -535.55 |
| Shares Outstanding | 74.46 |
| Equity Value Per Share | -7.19 |