Discounted Cash Flow (DCF) Analysis Levered
Omeros Corporation (OMER)
$4.43
-0.01 (-0.23%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 29.87 | 111.80 | 73.81 | 162.52 | 357.82 | 787.84 | 1,734.62 | 3,819.20 | 8,408.91 | 18,514.31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -103.74 | -60.07 | -100.09 | -109.72 | -86.48 | -990.04 | -2,179.81 | -4,799.40 | -10,567.06 | -23,266.02 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.57 | -0.33 | -0.28 | -0.28 | -0.11 | -4.38 | -9.65 | -21.25 | -46.80 | -103.03 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -104.30 | -60.41 | -100.37 | -110 | -86.60 | -994.42 | -2,189.46 | -4,820.65 | -10,613.86 | -23,369.05 |
Weighted Average Cost Of Capital
| Share price | $ 4.43 |
|---|---|
| Beta | 1.023 |
| Diluted Shares Outstanding | 62.74 |
| Cost of Debt | |
| Tax Rate | 126.05 |
| After-tax Cost of Debt | -1.73% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.342 |
| Total Debt | 342.02 |
| Total Equity | 277.93 |
| Total Capital | 619.95 |
| Debt Weighting | 55.17 |
| Equity Weighting | 44.83 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 29.87 | 111.80 | 73.81 | 162.52 | 357.82 | 787.84 | 1,734.62 | 3,819.20 | 8,408.91 | 18,514.31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -103.74 | -60.07 | -100.09 | -109.72 | -86.48 | -990.04 | -2,179.81 | -4,799.40 | -10,567.06 | -23,266.02 |
| Capital Expenditure | -0.57 | -0.33 | -0.28 | -0.28 | -0.11 | -4.38 | -9.65 | -21.25 | -46.80 | -103.03 |
| Free Cash Flow | -104.30 | -60.41 | -100.37 | -110 | -86.60 | -994.42 | -2,189.46 | -4,820.65 | -10,613.86 | -23,369.05 |
| WACC | ||||||||||
| PV LFCF | -113.07 | -86.60 | -967.43 | -2,072.22 | -4,438.67 | -9,507.58 | -20,365.11 | |||
| SUM PV LFCF | -37,351.01 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 2.79 |
| Free cash flow (t + 1) | -23,836.43 |
| Terminal Value | -3,017,270.24 |
| Present Value of Terminal Value | -2,629,419.49 |
Intrinsic Value
| Enterprise Value | -2,666,770.50 |
|---|---|
| Net Debt | 331.01 |
| Equity Value | -2,667,101.52 |
| Shares Outstanding | 62.74 |
| Equity Value Per Share | -42,512.36 |