Discounted Cash Flow (DCF) Analysis Levered

Motorsport Games Inc. (MSGM)

$2.88

-0.30 (-9.43%)
All numbers are in Millions, Currency in USD
Stock DCF: 824.06 | 2.88 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 11.8519.0515.0818.0821.6826.0131.1937.41
Revenue (%)
Operating Cash Flow -4.424.05-20.94-9.34-11.20-13.43-16.11-19.32
Operating Cash Flow (%)
Capital Expenditure -0.11-0.24-0.75-0.43-0.52-0.62-0.74-0.89
Capital Expenditure (%)
Free Cash Flow -4.533.82-21.70-9.77-11.72-14.05-16.86-20.22

Weighted Average Cost Of Capital

Share price $ 2.88
Beta -0.828
Diluted Shares Outstanding 1
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity -0.392
Total Debt -
Total Equity 2.88
Total Capital 2.88
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 11.8519.0515.0818.0821.6826.0131.1937.41
Operating Cash Flow -4.424.05-20.94-9.34-11.20-13.43-16.11-19.32
Capital Expenditure -0.11-0.24-0.75-0.43-0.52-0.62-0.74-0.89
Free Cash Flow -4.533.82-21.70-9.77-11.72-14.05-16.86-20.22
WACC
PV LFCF -9.73-11.72-14.11-16.99-20.45
SUM PV LFCF -73.58

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -0.39
Free cash flow (t + 1) -20.62
Terminal Value 862.79
Present Value of Terminal Value 879.82

Intrinsic Value

Enterprise Value 806.24
Net Debt -17.82
Equity Value 824.06
Shares Outstanding 1
Equity Value Per Share 824.06