Discounted Cash Flow (DCF) Analysis Levered
ECMOHO Limited (MOHO)
$0.0999
-0.07 (-%)
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 | 98.24 | 199.02 | 329.48 | 304.94 | 130.75 | 164.60 | 207.22 | 260.87 | 328.42 | 413.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -2.44 | -40.76 | -14.19 | 21.60 | 4.08 | -5.62 | -7.07 | -8.91 | -11.21 | -14.11 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.34 | -1.62 | -0.81 | -0.26 | -0.27 | -0.56 | -0.70 | -0.89 | -1.12 | -1.41 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -2.78 | -42.38 | -15 | 21.34 | 3.80 | -6.18 | -7.78 | -9.79 | -12.33 | -15.52 |
Weighted Average Cost Of Capital
| Share price | $ 0.0,999 |
|---|---|
| Beta | 0.825 |
| Diluted Shares Outstanding | 34.90 |
| Cost of Debt | |
| Tax Rate | 5.06 |
| After-tax Cost of Debt | 15.65% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.532 |
| Total Debt | 11.49 |
| Total Equity | 3.49 |
| Total Capital | 14.98 |
| Debt Weighting | 76.72 |
| Equity Weighting | 23.28 |
| 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 | 98.24 | 199.02 | 329.48 | 304.94 | 130.75 | 164.60 | 207.22 | 260.87 | 328.42 | 413.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -2.44 | -40.76 | -14.19 | 21.60 | 4.08 | -5.62 | -7.07 | -8.91 | -11.21 | -14.11 |
| Capital Expenditure | -0.34 | -1.62 | -0.81 | -0.26 | -0.27 | -0.56 | -0.70 | -0.89 | -1.12 | -1.41 |
| Free Cash Flow | -2.78 | -42.38 | -15 | 21.34 | 3.80 | -6.18 | -7.78 | -9.79 | -12.33 | -15.52 |
| WACC | ||||||||||
| PV LFCF | -5.43 | -6.01 | -6.65 | -7.36 | -8.15 | |||||
| SUM PV LFCF | -33.60 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 13.76 |
| Free cash flow (t + 1) | -15.83 |
| Terminal Value | -134.61 |
| Present Value of Terminal Value | -70.65 |
Intrinsic Value
| Enterprise Value | -104.26 |
|---|---|
| Net Debt | -32.13 |
| Equity Value | -72.13 |
| Shares Outstanding | 34.90 |
| Equity Value Per Share | -2.07 |