Discounted Cash Flow (DCF) Analysis Levered
PaySign, Inc. (PAYS)
$1.9
-0.02 (-1.04%)
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 | 23.42 | 34.67 | 24.12 | 29.46 | 38.03 | 44.58 | 52.25 | 61.23 | 71.77 | 84.12 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 16 | 16.71 | 13.78 | 15.23 | 25.32 | 26.02 | 30.50 | 35.74 | 41.89 | 49.10 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -1.59 | -3.24 | -3.34 | -2.68 | -4.09 | -4.45 | -5.21 | -6.11 | -7.16 | -8.39 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 14.40 | 13.48 | 10.43 | 12.55 | 21.23 | 21.57 | 25.29 | 29.64 | 34.74 | 40.71 |
Weighted Average Cost Of Capital
Share price | $ 1.9 |
---|---|
Beta | 0.992 |
Diluted Shares Outstanding | 52.93 |
Cost of Debt | |
Tax Rate | 9.47 |
After-tax Cost of Debt | 19.49% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.242 |
Total Debt | 3.67 |
Total Equity | 100.57 |
Total Capital | 104.25 |
Debt Weighting | 3.52 |
Equity Weighting | 96.48 |
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 | 23.42 | 34.67 | 24.12 | 29.46 | 38.03 | 44.58 | 52.25 | 61.23 | 71.77 | 84.12 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 16 | 16.71 | 13.78 | 15.23 | 25.32 | 26.02 | 30.50 | 35.74 | 41.89 | 49.10 |
Capital Expenditure | -1.59 | -3.24 | -3.34 | -2.68 | -4.09 | -4.45 | -5.21 | -6.11 | -7.16 | -8.39 |
Free Cash Flow | 14.40 | 13.48 | 10.43 | 12.55 | 21.23 | 21.57 | 25.29 | 29.64 | 34.74 | 40.71 |
WACC | ||||||||||
PV LFCF | 19.69 | 21.05 | 22.51 | 24.07 | 25.74 | |||||
SUM PV LFCF | 113.06 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.60 |
Free cash flow (t + 1) | 41.53 |
Terminal Value | 546.39 |
Present Value of Terminal Value | 345.50 |
Intrinsic Value
Enterprise Value | 458.56 |
---|---|
Net Debt | -6.04 |
Equity Value | 464.60 |
Shares Outstanding | 52.93 |
Equity Value Per Share | 8.78 |