Discounted Cash Flow (DCF) Analysis Levered
MiMedx Group, Inc. (MDXG)
$7.99
+0.22 (+2.83%)
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 | 359.11 | 299.25 | 248.23 | 258.61 | 267.84 | 250.45 | 234.19 | 218.99 | 204.77 | 191.48 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 35.80 | -39.41 | -30.26 | -1.98 | -17.89 | -11.44 | -10.70 | -10 | -9.35 | -8.75 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -10.03 | -2.22 | -4.55 | -3.47 | -2.68 | -3.86 | -3.61 | -3.38 | -3.16 | -2.95 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 25.77 | -41.63 | -34.82 | -5.45 | -20.58 | -15.30 | -14.31 | -13.38 | -12.51 | -11.70 |
Weighted Average Cost Of Capital
| Share price | $ 7.99 |
|---|---|
| Beta | 1.625 |
| Diluted Shares Outstanding | 112.91 |
| Cost of Debt | |
| Tax Rate | -0.69 |
| After-tax Cost of Debt | 10.32% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.826 |
| Total Debt | 48.59 |
| Total Equity | 902.15 |
| Total Capital | 950.74 |
| Debt Weighting | 5.11 |
| Equity Weighting | 94.89 |
| 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 | 359.11 | 299.25 | 248.23 | 258.61 | 267.84 | 250.45 | 234.19 | 218.99 | 204.77 | 191.48 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 35.80 | -39.41 | -30.26 | -1.98 | -17.89 | -11.44 | -10.70 | -10 | -9.35 | -8.75 |
| Capital Expenditure | -10.03 | -2.22 | -4.55 | -3.47 | -2.68 | -3.86 | -3.61 | -3.38 | -3.16 | -2.95 |
| Free Cash Flow | 25.77 | -41.63 | -34.82 | -5.45 | -20.58 | -15.30 | -14.31 | -13.38 | -12.51 | -11.70 |
| WACC | ||||||||||
| PV LFCF | -13.69 | -11.46 | -9.59 | -8.02 | -6.71 | |||||
| SUM PV LFCF | -49.48 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.75 |
| Free cash flow (t + 1) | -11.93 |
| Terminal Value | -122.40 |
| Present Value of Terminal Value | -70.24 |
Intrinsic Value
| Enterprise Value | -119.72 |
|---|---|
| Net Debt | -17.36 |
| Equity Value | -102.36 |
| Shares Outstanding | 112.91 |
| Equity Value Per Share | -0.91 |