Discounted Cash Flow (DCF) Analysis Levered
MICT, Inc. (MICT)
$0.9261
+0.03 (+2.90%)
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 | 18.37 | 14.16 | 0.48 | 1.17 | 55.68 | 706.09 | 8,954.73 | 113,565.03 | 1,440,246.43 | 18,265,392.64 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -4.07 | -5.32 | -3.80 | -8.30 | -33.03 | -2,291.44 | -29,060.38 | -368,547.48 | -4,673,967.12 | -59,275,859.36 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.19 | -0.04 | -0.06 | -0.03 | -1.21 | -25.69 | -325.76 | -4,131.27 | -52,393.27 | -664,458.27 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -4.26 | -5.36 | -3.85 | -8.33 | -34.23 | -2,317.13 | -29,386.13 | -372,678.75 | -4,726,360.39 | -59,940,317.63 |
Weighted Average Cost Of Capital
| Share price | $ 0.9,261 |
|---|---|
| Beta | 1.210 |
| Diluted Shares Outstanding | 112.56 |
| Cost of Debt | |
| Tax Rate | 6.47 |
| After-tax Cost of Debt | 10.13% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.402 |
| Total Debt | 3.65 |
| Total Equity | 104.24 |
| Total Capital | 107.89 |
| Debt Weighting | 3.38 |
| Equity Weighting | 96.62 |
| 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 | 18.37 | 14.16 | 0.48 | 1.17 | 55.68 | 706.09 | 8,954.73 | 113,565.03 | 1,440,246.43 | 18,265,392.64 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -4.07 | -5.32 | -3.80 | -8.30 | -33.03 | -2,291.44 | -29,060.38 | -368,547.48 | -4,673,967.12 | -59,275,859.36 |
| Capital Expenditure | -0.19 | -0.04 | -0.06 | -0.03 | -1.21 | -25.69 | -325.76 | -4,131.27 | -52,393.27 | -664,458.27 |
| Free Cash Flow | -4.26 | -5.36 | -3.85 | -8.33 | -34.23 | -2,317.13 | -29,386.13 | -372,678.75 | -4,726,360.39 | -59,940,317.63 |
| WACC | ||||||||||
| PV LFCF | -1,768.24 | -20,492.59 | -237,493.99 | -2,752,380.29 | -31,898,058.15 | |||||
| SUM PV LFCF | -41,804,694.26 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.43 |
| Free cash flow (t + 1) | -61,139,123.98 |
| Terminal Value | -822,868,425.10 |
| Present Value of Terminal Value | -524,382,756.17 |
Intrinsic Value
| Enterprise Value | -566,187,450.43 |
|---|---|
| Net Debt | -91.28 |
| Equity Value | -566,187,359.15 |
| Shares Outstanding | 112.56 |
| Equity Value Per Share | -5,029,995.54 |