Discounted Cash Flow (DCF) Analysis Levered
Nkarta, Inc. (NKTX)
$4.59
-0.03 (-0.65%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 6.55 | 0.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -5.18 | -18.37 | -43.51 | -67.93 | -57 | -0.21 | -0 | -0 | -0 | -0 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.76 | -1.93 | -7.51 | -5.02 | -47.11 | -0.17 | -0 | -0 | -0 | -0 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -5.94 | -20.30 | -51.02 | -72.95 | -104.11 | -0.37 | -0.01 | -0 | -0 | -0 |
Weighted Average Cost Of Capital
| Share price | $ 4.59 |
|---|---|
| Beta | 0.166 |
| Diluted Shares Outstanding | 16.81 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 6.74% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.390 |
| Total Debt | 82.93 |
| Total Equity | 77.14 |
| Total Capital | 160.07 |
| Debt Weighting | 51.81 |
| Equity Weighting | 48.19 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 6.55 | 0.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.18 | -18.37 | -43.51 | -67.93 | -57 | -0.21 | -0 | -0 | -0 | -0 |
| Capital Expenditure | -0.76 | -1.93 | -7.51 | -5.02 | -47.11 | -0.17 | -0 | -0 | -0 | -0 |
| Free Cash Flow | -5.94 | -20.30 | -51.02 | -72.95 | -104.11 | -0.37 | -0.01 | -0 | -0 | -0 |
| WACC | ||||||||||
| PV LFCF | -56.90 | -77.04 | -104.11 | -0.35 | -0.01 | -0 | -0 | -0 | ||
| SUM PV LFCF | -0.36 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.61 |
| Free cash flow (t + 1) | -0 |
| Terminal Value | -0 |
| Present Value of Terminal Value | -0 |
Intrinsic Value
| Enterprise Value | -0.36 |
|---|---|
| Net Debt | 45.44 |
| Equity Value | -45.80 |
| Shares Outstanding | 16.81 |
| Equity Value Per Share | -2.73 |