Discounted Cash Flow (DCF) Analysis Levered
Precigen, Inc. (PGEN)
$1.01
-0.08 (-7.34%)
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 | 160.57 | 90.72 | 103.18 | 103.87 | 26.91 | 19.97 | 14.82 | 10.99 | 8.16 | 6.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -124.24 | -135.93 | -77.02 | -104.51 | -27.07 | -20.09 | -14.91 | -11.06 | -8.21 | -6.09 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -41.59 | -37.88 | -7.53 | -7.25 | -5.51 | -4.09 | -3.03 | -2.25 | -1.67 | -1.24 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -165.83 | -173.81 | -84.55 | -111.76 | -32.59 | -24.18 | -17.94 | -13.31 | -9.88 | -7.33 |
Weighted Average Cost Of Capital
| Share price | $ 1.01 |
|---|---|
| Beta | 1.922 |
| Diluted Shares Outstanding | 200.36 |
| Cost of Debt | |
| Tax Rate | -0.24 |
| After-tax Cost of Debt | 13.17% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.574 |
| Total Debt | 51.42 |
| Total Equity | 202.36 |
| Total Capital | 253.78 |
| Debt Weighting | 20.26 |
| Equity Weighting | 79.74 |
| 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 | 160.57 | 90.72 | 103.18 | 103.87 | 26.91 | 19.97 | 14.82 | 10.99 | 8.16 | 6.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -124.24 | -135.93 | -77.02 | -104.51 | -27.07 | -20.09 | -14.91 | -11.06 | -8.21 | -6.09 |
| Capital Expenditure | -41.59 | -37.88 | -7.53 | -7.25 | -5.51 | -4.09 | -3.03 | -2.25 | -1.67 | -1.24 |
| Free Cash Flow | -165.83 | -173.81 | -84.55 | -111.76 | -32.59 | -24.18 | -17.94 | -13.31 | -9.88 | -7.33 |
| WACC | ||||||||||
| PV LFCF | -21.46 | -14.13 | -9.30 | -6.13 | -4.03 | |||||
| SUM PV LFCF | -55.05 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 12.69 |
| Free cash flow (t + 1) | -7.48 |
| Terminal Value | -69.94 |
| Present Value of Terminal Value | -38.49 |
Intrinsic Value
| Enterprise Value | -93.53 |
|---|---|
| Net Debt | 46.56 |
| Equity Value | -140.10 |
| Shares Outstanding | 200.36 |
| Equity Value Per Share | -0.70 |