Discounted Cash Flow (DCF) Analysis Levered
Precigen, Inc. (PGEN)
$1.22
+0.02 (+1.67%)
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 | -55.77 | -65.04 | -23.85 | -17.70 | -13.13 | -9.74 | -7.23 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -41.59 | -37.88 | -7.53 | -7.25 | -4.92 | -4 | -2.97 | -2.20 | -1.64 | -1.21 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -165.83 | -173.81 | -84.55 | -63.02 | -69.97 | -27.85 | -20.67 | -15.34 | -11.38 | -8.44 |
Weighted Average Cost Of Capital
| Share price | $ 1.22 |
|---|---|
| Beta | 1.955 |
| Diluted Shares Outstanding | 200.36 |
| Cost of Debt | |
| Tax Rate | 135.41 |
| After-tax Cost of Debt | -4.66% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 13.039 |
| Total Debt | 51.42 |
| Total Equity | 244.44 |
| Total Capital | 295.86 |
| Debt Weighting | 17.38 |
| Equity Weighting | 82.62 |
| 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 | -55.77 | -65.04 | -23.85 | -17.70 | -13.13 | -9.74 | -7.23 |
| Capital Expenditure | -41.59 | -37.88 | -7.53 | -7.25 | -4.92 | -4 | -2.97 | -2.20 | -1.64 | -1.21 |
| Free Cash Flow | -165.83 | -173.81 | -84.55 | -63.02 | -69.97 | -27.85 | -20.67 | -15.34 | -11.38 | -8.44 |
| WACC | ||||||||||
| PV LFCF | -25.33 | -17.09 | -11.53 | -7.78 | -5.25 | |||||
| SUM PV LFCF | -66.99 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.96 |
| Free cash flow (t + 1) | -8.61 |
| Terminal Value | -108.20 |
| Present Value of Terminal Value | -67.31 |
Intrinsic Value
| Enterprise Value | -134.30 |
|---|---|
| Net Debt | 46.56 |
| Equity Value | -180.86 |
| Shares Outstanding | 200.36 |
| Equity Value Per Share | -0.90 |