Discounted Cash Flow (DCF) Analysis Levered

Network-1 Technologies, Inc. (NTIP)

$2.25

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 1,127.02 | 2.25 | undervalue

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 16.4522.113.044.4036.03100.10278.13772.782,147.115,965.61
Revenue (%)
Operating Cash Flow 6.778.09-0.60-0.5019.5020.1355.94155.42431.841,199.83
Operating Cash Flow (%)
Capital Expenditure -1.14-0.11-0.11-0.05-1.12-3.10-8.62-23.95-66.54-184.88
Capital Expenditure (%)
Free Cash Flow 5.637.98-0.72-0.5518.3817.0347.32131.47365.291,014.95

Weighted Average Cost Of Capital

Share price $ 2.25
Beta 0.302
Diluted Shares Outstanding 24.01
Cost of Debt
Tax Rate 27.65
After-tax Cost of Debt 3.62%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.129
Total Debt -
Total Equity 54.03
Total Capital 54.03
Debt Weighting 0.00
Equity Weighting 100.00
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 16.4522.113.044.4036.03100.10278.13772.782,147.115,965.61
Operating Cash Flow 6.778.09-0.60-0.5019.5020.1355.94155.42431.841,199.83
Capital Expenditure -1.14-0.11-0.11-0.05-1.12-3.10-8.62-23.95-66.54-184.88
Free Cash Flow 5.637.98-0.72-0.5518.3817.0347.32131.47365.291,014.95
WACC
PV LFCF 13.9436.8597.38257.37680.19
SUM PV LFCF 1,261.54

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.13
Free cash flow (t + 1) 1,035.25
Terminal Value 33,074.93
Present Value of Terminal Value 25,755.24

Intrinsic Value

Enterprise Value 27,016.78
Net Debt -44.50
Equity Value 27,061.28
Shares Outstanding 24.01
Equity Value Per Share 1,127.02