Discounted Cash Flow (DCF) Analysis Levered
Nano Labs Ltd (NA)
$1.27
+0.09 (+7.63%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.34 | 6.31 | 157.31 | 3,419.34 | 74,325.23 | 1,615,586.86 | 35,117,563.65 | 763,340,744.73 |
|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||
| Operating Cash Flow | -3.03 | 71.73 | -274.94 | 821.53 | 17,857.42 | 388,161.72 | 8,437,363.75 | 183,400,636.63 |
| Operating Cash Flow (%) | ||||||||
| Capital Expenditure | -0.94 | -8.69 | -66.82 | -5,192.08 | -112,858.74 | -2,453,179.06 | -53,324,073.13 | -1,159,090,593.62 |
| Capital Expenditure (%) | ||||||||
| Free Cash Flow | -3.96 | 63.04 | -341.76 | -4,370.54 | -95,001.32 | -2,065,017.34 | -44,886,709.38 | -975,689,956.99 |
Weighted Average Cost Of Capital
| Share price | $ 1.27 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 53.66 |
| Cost of Debt | |
| Tax Rate | -54.14 |
| After-tax Cost of Debt | 27.10% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.626 |
| Total Debt | 3.79 |
| Total Equity | 68.15 |
| Total Capital | 71.94 |
| Debt Weighting | 5.26 |
| Equity Weighting | 94.74 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.34 | 6.31 | 157.31 | 3,419.34 | 74,325.23 | 1,615,586.86 | 35,117,563.65 | 763,340,744.73 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -3.03 | 71.73 | -274.94 | 821.53 | 17,857.42 | 388,161.72 | 8,437,363.75 | 183,400,636.63 |
| Capital Expenditure | -0.94 | -8.69 | -66.82 | -5,192.08 | -112,858.74 | -2,453,179.06 | -53,324,073.13 | -1,159,090,593.62 |
| Free Cash Flow | -3.96 | 63.04 | -341.76 | -4,370.54 | -95,001.32 | -2,065,017.34 | -44,886,709.38 | -975,689,956.99 |
| WACC | ||||||||
| PV LFCF | -4,624.47 | -95,001.32 | -1,951,627.77 | -40,092,610.97 | -823,629,117.24 | |||
| SUM PV LFCF | -773,304,611.17 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.81 |
| Free cash flow (t + 1) | -995,203,756.13 |
| Terminal Value | -26,120,833,494.25 |
| Present Value of Terminal Value | -19,694,885,435.10 |
Intrinsic Value
| Enterprise Value | -20,468,190,046.27 |
|---|---|
| Net Debt | -10.26 |
| Equity Value | -20,468,190,036.01 |
| Shares Outstanding | 53.66 |
| Equity Value Per Share | -381,406,690.32 |