Discounted Cash Flow (DCF) Analysis Levered

Prairie Provident Resources Inc. (PPR.TO)

$0.2

+0.02 (+11.11%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.90 | 0.2 | 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 83.9484.8297.8951.7284.4291.2998.71106.74115.42124.80
Revenue (%)
Operating Cash Flow 16.6216.554.3810.189.6813.6814.801617.3018.71
Operating Cash Flow (%)
Capital Expenditure -23.58-28.19-9.32-3.76-14.32-17.36-18.77-20.29-21.95-23.73
Capital Expenditure (%)
Free Cash Flow -6.95-11.64-4.946.42-4.63-3.67-3.97-4.30-4.65-5.02

Weighted Average Cost Of Capital

Share price $ 0.2
Beta 2.885
Diluted Shares Outstanding 165.53
Cost of Debt
Tax Rate 0.13
After-tax Cost of Debt 12.06%
Risk-Free Rate
Market Risk Premium
Cost of Equity 17.335
Total Debt 112.21
Total Equity 33.11
Total Capital 145.32
Debt Weighting 77.22
Equity Weighting 22.78
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 83.9484.8297.8951.7284.4291.2998.71106.74115.42124.80
Operating Cash Flow 16.6216.554.3810.189.6813.6814.801617.3018.71
Capital Expenditure -23.58-28.19-9.32-3.76-14.32-17.36-18.77-20.29-21.95-23.73
Free Cash Flow -6.95-11.64-4.946.42-4.63-3.67-3.97-4.30-4.65-5.02
WACC
PV LFCF -3.24-3.10-2.96-2.82-2.70
SUM PV LFCF -14.82

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 13.26
Free cash flow (t + 1) -5.12
Terminal Value -45.50
Present Value of Terminal Value -24.41

Intrinsic Value

Enterprise Value -39.23
Net Debt 110.36
Equity Value -149.59
Shares Outstanding 165.53
Equity Value Per Share -0.90