Discounted Cash Flow (DCF) Analysis Levered
Mogo Inc. (MOGO)
$0.85
-0.02 (-2.33%)
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 | 48.68 | 61.28 | 59.81 | 44.25 | 57.52 | 61.47 | 65.69 | 70.19 | 75.01 | 80.16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -21.36 | -29.20 | -15.21 | 43.80 | -29.64 | -8.54 | -9.13 | -9.76 | -10.43 | -11.14 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -5.42 | -11.05 | -9.09 | -4.82 | -9.22 | -8.76 | -9.36 | -10.01 | -10.69 | -11.43 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -26.78 | -40.26 | -24.30 | 38.99 | -38.86 | -17.31 | -18.49 | -19.76 | -21.12 | -22.57 |
Weighted Average Cost Of Capital
| Share price | $ 0.85 |
|---|---|
| Beta | 3.504 |
| Diluted Shares Outstanding | 63.01 |
| Cost of Debt | |
| Tax Rate | 0.69 |
| After-tax Cost of Debt | 10.30% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 20.070 |
| Total Debt | 88.72 |
| Total Equity | 53.55 |
| Total Capital | 142.28 |
| Debt Weighting | 62.36 |
| Equity Weighting | 37.64 |
| 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 | 48.68 | 61.28 | 59.81 | 44.25 | 57.52 | 61.47 | 65.69 | 70.19 | 75.01 | 80.16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -21.36 | -29.20 | -15.21 | 43.80 | -29.64 | -8.54 | -9.13 | -9.76 | -10.43 | -11.14 |
| Capital Expenditure | -5.42 | -11.05 | -9.09 | -4.82 | -9.22 | -8.76 | -9.36 | -10.01 | -10.69 | -11.43 |
| Free Cash Flow | -26.78 | -40.26 | -24.30 | 38.99 | -38.86 | -17.31 | -18.49 | -19.76 | -21.12 | -22.57 |
| WACC | ||||||||||
| PV LFCF | -15.18 | -14.24 | -13.35 | -12.51 | -11.73 | |||||
| SUM PV LFCF | -67.01 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 13.98 |
| Free cash flow (t + 1) | -23.02 |
| Terminal Value | -192.16 |
| Present Value of Terminal Value | -99.89 |
Intrinsic Value
| Enterprise Value | -166.90 |
|---|---|
| Net Debt | 19.52 |
| Equity Value | -186.42 |
| Shares Outstanding | 63.01 |
| Equity Value Per Share | -2.96 |