Discounted Cash Flow (DCF) Analysis Levered
Bit Brother Limited (MYT)
$2.16
-0.14 (-6.09%)
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 | 38.45 | 0.40 | 0.87 | 5.71 | 0.77 | 1.70 | 3.78 | 8.42 | 18.72 | 41.64 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -3.18 | -1.06 | -1.90 | -3.41 | -6.26 | -4.66 | -10.36 | -23.03 | -51.23 | -113.93 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.37 | -1.04 | -0.49 | -9.49 | -47.98 | -23 | -51.15 | -113.76 | -253.02 | -562.74 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -4.55 | -2.10 | -2.39 | -12.90 | -54.24 | -27.65 | -61.50 | -136.79 | -304.24 | -676.68 |
Weighted Average Cost Of Capital
| Share price | $ 2.16 |
|---|---|
| Beta | 1.132 |
| Diluted Shares Outstanding | 5.29 |
| Cost of Debt | |
| Tax Rate | -82.25 |
| After-tax Cost of Debt | -60.09% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.078 |
| Total Debt | 0.10 |
| Total Equity | 11.43 |
| Total Capital | 11.54 |
| Debt Weighting | 0.90 |
| Equity Weighting | 99.10 |
| 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 | 38.45 | 0.40 | 0.87 | 5.71 | 0.77 | 1.70 | 3.78 | 8.42 | 18.72 | 41.64 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -3.18 | -1.06 | -1.90 | -3.41 | -6.26 | -4.66 | -10.36 | -23.03 | -51.23 | -113.93 |
| Capital Expenditure | -1.37 | -1.04 | -0.49 | -9.49 | -47.98 | -23 | -51.15 | -113.76 | -253.02 | -562.74 |
| Free Cash Flow | -4.55 | -2.10 | -2.39 | -12.90 | -54.24 | -27.65 | -61.50 | -136.79 | -304.24 | -676.68 |
| WACC | ||||||||||
| PV LFCF | -16.09 | -32.71 | -66.47 | -135.09 | -274.55 | |||||
| SUM PV LFCF | -824.09 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.44 |
| Free cash flow (t + 1) | -690.21 |
| Terminal Value | -9,277.05 |
| Present Value of Terminal Value | -5,909.21 |
Intrinsic Value
| Enterprise Value | -6,733.30 |
|---|---|
| Net Debt | -12.89 |
| Equity Value | -6,720.41 |
| Shares Outstanding | 5.29 |
| Equity Value Per Share | -1,269.84 |