Discounted Cash Flow (DCF) Analysis Levered
Polar Power, Inc. (POLA)
$2.15
-0.06 (-2.71%)
All numbers are in Millions, Currency in USD
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 | 14.42 | 24.05 | 24.80 | 9.03 | 16.90 | 20.84 | 25.71 | 31.71 | 39.12 | 48.25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -1.59 | -7.85 | -2.17 | -6.55 | -9.38 | -7.52 | -9.28 | -11.44 | -14.11 | -17.41 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.34 | -0.57 | -0.34 | -0.02 | -0.07 | -0.28 | -0.35 | -0.43 | -0.53 | -0.65 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -1.93 | -8.42 | -2.50 | -6.57 | -9.45 | -7.80 | -9.62 | -11.87 | -14.64 | -18.06 |
Weighted Average Cost Of Capital
| Share price | $ 2.15 |
|---|---|
| Beta | 0.588 |
| Diluted Shares Outstanding | 12.72 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 4.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.523 |
| Total Debt | 1.50 |
| Total Equity | 27.35 |
| Total Capital | 28.85 |
| Debt Weighting | 5.20 |
| Equity Weighting | 94.80 |
| 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 | 14.42 | 24.05 | 24.80 | 9.03 | 16.90 | 20.84 | 25.71 | 31.71 | 39.12 | 48.25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1.59 | -7.85 | -2.17 | -6.55 | -9.38 | -7.52 | -9.28 | -11.44 | -14.11 | -17.41 |
| Capital Expenditure | -0.34 | -0.57 | -0.34 | -0.02 | -0.07 | -0.28 | -0.35 | -0.43 | -0.53 | -0.65 |
| Free Cash Flow | -1.93 | -8.42 | -2.50 | -6.57 | -9.45 | -7.80 | -9.62 | -11.87 | -14.64 | -18.06 |
| WACC | ||||||||||
| PV LFCF | -7.33 | -8.50 | -9.86 | -11.43 | -13.25 | |||||
| SUM PV LFCF | -50.37 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.39 |
| Free cash flow (t + 1) | -18.42 |
| Terminal Value | -419.68 |
| Present Value of Terminal Value | -307.90 |
Intrinsic Value
| Enterprise Value | -358.27 |
|---|---|
| Net Debt | -3.60 |
| Equity Value | -354.67 |
| Shares Outstanding | 12.72 |
| Equity Value Per Share | -27.88 |