Discounted Cash Flow (DCF) Analysis Levered

ShiftPixy, Inc. (PIXY)

$ 1.48
-0.19 (-11.38%)
All numbers are in Millions, Currency in USD
Stock DCF: -49.10 | 1.48 | overvalue

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 20.2434.9653.448.6423.4235.8754.9584.17128.94197.50
Revenue (%)
Operating Cash Flow -7.58-9.54-2.09-16.88-21.51-25.53-39.11-59.90-91.76-140.55
Operating Cash Flow (%)
Capital Expenditure -0-3.02-1.17-0.24-2.57-1.76-2.69-4.13-6.32-9.68
Capital Expenditure (%)
Free Cash Flow -7.58-12.56-3.25-17.12-24.08-27.29-41.80-64.03-98.08-150.24

Weighted Average Cost Of Capital

Share price $ 1.48
Beta 1.557
Diluted Shares Outstanding 33.60
Cost of Debt
Tax Rate -9.34
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.184
Total Debt -
Total Equity 49.72
Total Capital 49.72
Debt Weighting 0.00
Equity Weighting 100.00
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 20.2434.9653.448.6423.4235.8754.9584.17128.94197.50
Operating Cash Flow -7.58-9.54-2.09-16.88-21.51-25.53-39.11-59.90-91.76-140.55
Capital Expenditure -0-3.02-1.17-0.24-2.57-1.76-2.69-4.13-6.32-9.68
Free Cash Flow -7.58-12.56-3.25-17.12-24.08-27.29-41.80-64.03-98.08-150.24
WACC
PV LFCF -24.99-35.07-49.20-69.03-96.84
SUM PV LFCF -275.13

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.18
Free cash flow (t + 1) -153.24
Terminal Value -2,134.30
Present Value of Terminal Value -1,375.75

Intrinsic Value

Enterprise Value -1,650.88
Net Debt -1.20
Equity Value -1,649.68
Shares Outstanding 33.60
Equity Value Per Share -49.10