Discounted Cash Flow (DCF) Analysis Levered

Ocean Power Technologies, Inc. (OPTT)

$0.7988

+0.02 (+2.41%)
All numbers are in Millions, Currency in USD
Stock DCF: -21.23 | 0.7988 | overvalue

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 0.510.631.681.211.762.674.066.169.3514.20
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 $ 0.7,988
Beta 1.818
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 12.554
Total Debt -
Total Equity 43.14
Total Capital 43.14
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 0.510.631.681.211.762.674.066.169.3514.20
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 -27.32-36.85-49.72-67.08-90.50
SUM PV LFCF -271.46

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 12.55
Free cash flow (t + 1) -166.71
Terminal Value -1,580.18
Present Value of Terminal Value -874.94

Intrinsic Value

Enterprise Value -1,146.40
Net Debt -0.01
Equity Value -1,146.40
Shares Outstanding 54.01
Equity Value Per Share -21.23