Discounted Cash Flow (DCF) Analysis Levered
Payfare Inc. (PAY.TO)
$6.41
+0.07 (+1.10%)
All numbers are in Millions, Currency in USD
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 | 1.16 | 3.59 | 6.31 | 13.45 | 43.78 | 112.03 | 286.69 | 733.66 | 1,877.53 | 4,804.80 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -5.70 | -8.55 | -11.31 | -1.71 | -14.72 | -213.92 | -547.44 | -1,400.95 | -3,585.19 | -9,174.91 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.69 | -1.10 | -1.08 | -0.73 | -1.07 | -25.79 | -66.01 | -168.92 | -432.28 | -1,106.26 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -6.39 | -9.65 | -12.40 | -2.43 | -15.79 | -239.71 | -613.44 | -1,569.87 | -4,017.48 | -10,281.17 |
Weighted Average Cost Of Capital
| Share price | $ 6.41 |
|---|---|
| Beta | 2.643 |
| Diluted Shares Outstanding | 43.30 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 1,077.48% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 16.007 |
| Total Debt | 0.06 |
| Total Equity | 277.54 |
| Total Capital | 277.60 |
| Debt Weighting | 0.02 |
| Equity Weighting | 99.98 |
| 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 | 1.16 | 3.59 | 6.31 | 13.45 | 43.78 | 112.03 | 286.69 | 733.66 | 1,877.53 | 4,804.80 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.70 | -8.55 | -11.31 | -1.71 | -14.72 | -213.92 | -547.44 | -1,400.95 | -3,585.19 | -9,174.91 |
| Capital Expenditure | -0.69 | -1.10 | -1.08 | -0.73 | -1.07 | -25.79 | -66.01 | -168.92 | -432.28 | -1,106.26 |
| Free Cash Flow | -6.39 | -9.65 | -12.40 | -2.43 | -15.79 | -239.71 | -613.44 | -1,569.87 | -4,017.48 | -10,281.17 |
| WACC | ||||||||||
| PV LFCF | -206.24 | -454.09 | -999.79 | -2,201.31 | -4,846.76 | |||||
| SUM PV LFCF | -8,708.18 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 16.23 |
| Free cash flow (t + 1) | -10,486.80 |
| Terminal Value | -73,695 |
| Present Value of Terminal Value | -34,741.36 |
Intrinsic Value
| Enterprise Value | -43,449.54 |
|---|---|
| Net Debt | -40.87 |
| Equity Value | -43,408.67 |
| Shares Outstanding | 43.30 |
| Equity Value Per Share | -1,002.56 |