Discounted Cash Flow (DCF) Analysis Levered
Ocean Power Technologies, Inc. (OPTT)
$0.7142
+0.00 (+0.49%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.51 | 0.63 | 1.68 | 1.21 | 1.76 | 2.67 | 4.06 | 6.16 | 9.35 | 14.20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -10.70 | -12.14 | -10.58 | -11.67 | -0.02 | -29.98 | -45.52 | -69.12 | -104.96 | -159.37 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.66 | -0.05 | -0.06 | -0.03 | -0 | -0.77 | -1.16 | -1.77 | -2.68 | -4.07 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -11.35 | -12.19 | -10.64 | -11.70 | -0.02 | -30.75 | -46.68 | -70.89 | -107.64 | -163.44 |
Weighted Average Cost Of Capital
| Share price | $ 0.7,142 |
|---|---|
| Beta | 1.738 |
| Diluted Shares Outstanding | 54.01 |
| Cost of Debt | |
| Tax Rate | 8.81 |
| After-tax Cost of Debt | 4.56% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.734 |
| Total Debt | - |
| Total Equity | 38.57 |
| Total Capital | 38.57 |
| Debt Weighting | 0.00 |
| Equity Weighting | 100.00 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.51 | 0.63 | 1.68 | 1.21 | 1.76 | 2.67 | 4.06 | 6.16 | 9.35 | 14.20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -10.70 | -12.14 | -10.58 | -11.67 | -0.02 | -29.98 | -45.52 | -69.12 | -104.96 | -159.37 |
| Capital Expenditure | -0.66 | -0.05 | -0.06 | -0.03 | -0 | -0.77 | -1.16 | -1.77 | -2.68 | -4.07 |
| Free Cash Flow | -11.35 | -12.19 | -10.64 | -11.70 | -0.02 | -30.75 | -46.68 | -70.89 | -107.64 | -163.44 |
| WACC | ||||||||||
| PV LFCF | -15.80 | -21.48 | -29.19 | -39.67 | -53.91 | |||||
| SUM PV LFCF | -278.67 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.73 |
| Free cash flow (t + 1) | -166.71 |
| Terminal Value | -1,713.35 |
| Present Value of Terminal Value | -984 |
Intrinsic Value
| Enterprise Value | -1,262.67 |
|---|---|
| Net Debt | -0.01 |
| Equity Value | -1,262.67 |
| Shares Outstanding | 54.01 |
| Equity Value Per Share | -23.38 |