Discounted Cash Flow (DCF) Analysis Levered

Omeros Corporation (OMER)

$4.55

+0.43 (+10.44%)
All numbers are in Millions, Currency in USD
Stock DCF: -14,769.39 | 4.55 | overvalue

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 29.87111.8073.81162.52357.82787.841,734.623,819.208,408.9118,514.31
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 $ 4.55
Beta 1.296
Diluted Shares Outstanding 62.74
Cost of Debt
Tax Rate 115.81
After-tax Cost of Debt -1.05%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.444
Total Debt 342.02
Total Equity 285.45
Total Capital 627.48
Debt Weighting 54.51
Equity Weighting 45.49
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 29.87111.8073.81162.52357.82787.841,734.623,819.208,408.9118,514.31
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 -114.60-86.60-954.52-2,017.29-4,263.36-9,010.23-19,042.30
SUM PV LFCF -35,287.71

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.18
Free cash flow (t + 1) -23,836.43
Terminal Value -1,093,414.44
Present Value of Terminal Value -890,969.92

Intrinsic Value

Enterprise Value -926,257.62
Net Debt 331.01
Equity Value -926,588.64
Shares Outstanding 62.74
Equity Value Per Share -14,769.39