Discounted Cash Flow (DCF) Analysis Levered
ShiftPixy, Inc. (PIXY)
$0.8
-0.25 (-23.81%)
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 | 34.96 | 53.44 | 8.64 | 23.42 | 36 | 53.44 | 79.33 | 117.75 | 174.79 | 259.45 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -9.54 | -2.09 | -16.88 | -21.51 | -17.52 | -39.23 | -58.24 | -86.44 | -128.32 | -190.47 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -3.02 | -1.17 | -0.24 | -2.57 | -0.49 | -2.76 | -4.10 | -6.09 | -9.04 | -13.42 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -12.56 | -3.25 | -17.12 | -24.08 | -18.01 | -42 | -62.34 | -92.54 | -137.36 | -203.89 |
Weighted Average Cost Of Capital
Share price | $ 0.8 |
---|---|
Beta | 1.142 |
Diluted Shares Outstanding | 0.40 |
Cost of Debt | |
Tax Rate | 0.09 |
After-tax Cost of Debt | 0.03% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.989 |
Total Debt | 3.54 |
Total Equity | 0.32 |
Total Capital | 3.86 |
Debt Weighting | 91.66 |
Equity Weighting | 8.34 |
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 | 34.96 | 53.44 | 8.64 | 23.42 | 36 | 53.44 | 79.33 | 117.75 | 174.79 | 259.45 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -9.54 | -2.09 | -16.88 | -21.51 | -17.52 | -39.23 | -58.24 | -86.44 | -128.32 | -190.47 |
Capital Expenditure | -3.02 | -1.17 | -0.24 | -2.57 | -0.49 | -2.76 | -4.10 | -6.09 | -9.04 | -13.42 |
Free Cash Flow | -12.56 | -3.25 | -17.12 | -24.08 | -18.01 | -42 | -62.34 | -92.54 | -137.36 | -203.89 |
WACC | ||||||||||
PV LFCF | -41.64 | -61.28 | -90.19 | -132.73 | -195.35 | |||||
SUM PV LFCF | -521.19 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 0.86 |
Free cash flow (t + 1) | -207.97 |
Terminal Value | 18,242.99 |
Present Value of Terminal Value | 17,478.38 |
Intrinsic Value
Enterprise Value | 16,957.19 |
---|---|
Net Debt | 2.92 |
Equity Value | 16,954.27 |
Shares Outstanding | 0.40 |
Equity Value Per Share | 42,112.88 |