Discounted Cash Flow (DCF) Analysis Levered

Meta Data Limited (ONE)

$1.34

-0.07 (-4.96%)
All numbers are in Millions, Currency in USD
Stock DCF: 321.01 | 1.34 | 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 329.21458.03639.02550.22547.75635.79738856.63994.331,154.17
Revenue (%)
Operating Cash Flow 123.72138.7855.2638.5122.13111.35129.25150.03174.15202.14
Operating Cash Flow (%)
Capital Expenditure -27.63-38.73-45.43-30.91-3.28-38.37-44.54-51.70-60.01-69.65
Capital Expenditure (%)
Free Cash Flow 96.09100.059.837.6018.8572.9884.7198.33114.14132.49

Weighted Average Cost Of Capital

Share price $ 1.34
Beta 0.420
Diluted Shares Outstanding 6.44
Cost of Debt
Tax Rate -0.07
After-tax Cost of Debt 7.16%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.674
Total Debt 219.70
Total Equity 8.63
Total Capital 228.33
Debt Weighting 96.22
Equity Weighting 3.78
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 329.21458.03639.02550.22547.75635.79738856.63994.331,154.17
Operating Cash Flow 123.72138.7855.2638.5122.13111.35129.25150.03174.15202.14
Capital Expenditure -27.63-38.73-45.43-30.91-3.28-38.37-44.54-51.70-60.01-69.65
Free Cash Flow 96.09100.059.837.6018.8572.9884.7198.33114.14132.49
WACC
PV LFCF 59.4164.3969.7875.6381.97
SUM PV LFCF 402.82

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.10
Free cash flow (t + 1) 135.14
Terminal Value 2,649.74
Present Value of Terminal Value 1,880.42

Intrinsic Value

Enterprise Value 2,283.24
Net Debt 214.96
Equity Value 2,068.28
Shares Outstanding 6.44
Equity Value Per Share 321.01