Discounted Cash Flow (DCF) Analysis Levered

Metalpha Technology Holding Limited (MATH)

$1.8

+0.32 (+21.62%)
All numbers are in Millions, Currency in USD
Stock DCF: -Infinity | 1.8 | overvalue

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 2.760.010.232.165.6945.90370.152,984.9624,071.01194,111.21
Revenue (%)
Operating Cash Flow 0.77-1.44-3.10-4.86-1.14-1,323.25-10,670.86-86,050.97-693,924.19-5,595,878.65
Operating Cash Flow (%)
Capital Expenditure -0.03-0-0-0.02-0.06-0.52-4.21-33.92-273.53-2,205.80
Capital Expenditure (%)
Free Cash Flow 0.74-1.44-3.11-4.88-1.21-1,323.78-10,675.07-86,084.89-694,197.72-5,598,084.45

Weighted Average Cost Of Capital

Share price $ 1.8
Beta -0.544
Diluted Shares Outstanding -
Cost of Debt
Tax Rate -75.68
After-tax Cost of Debt 6.35%
Risk-Free Rate
Market Risk Premium
Cost of Equity 1.735
Total Debt 0.13
Total Equity -
Total Capital 0.13
Debt Weighting 100.00
Equity Weighting 0.00
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 2.760.010.232.165.6945.90370.152,984.9624,071.01194,111.21
Operating Cash Flow 0.77-1.44-3.10-4.86-1.14-1,323.25-10,670.86-86,050.97-693,924.19-5,595,878.65
Capital Expenditure -0.03-0-0-0.02-0.06-0.52-4.21-33.92-273.53-2,205.80
Free Cash Flow 0.74-1.44-3.11-4.88-1.21-1,323.78-10,675.07-86,084.89-694,197.72-5,598,084.45
WACC
PV LFCF -1,244.74-9,438.34-71,567.27-542,666.74-4,114,830.73
SUM PV LFCF -4,739,747.82

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.35
Free cash flow (t + 1) -5,710,046.14
Terminal Value -131,265,428.56
Present Value of Terminal Value -96,485,686.14

Intrinsic Value

Enterprise Value -101,225,433.96
Net Debt -6.61
Equity Value -101,225,427.34
Shares Outstanding -
Equity Value Per Share -Infinity