Discounted Cash Flow (DCF) Analysis Levered
ProPhase Labs, Inc. (PRPH)
$4.37
+0.01 (+0.23%)
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 | 13.13 | 9.88 | 14.51 | 79.04 | 122.65 | 282.69 | 651.57 | 1,501.81 | 3,461.52 | 7,978.46 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -2.12 | -0.84 | -2.59 | -13.62 | 28.55 | -20.62 | -47.52 | -109.54 | -252.47 | -581.93 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.14 | -0.23 | -1.69 | -4.23 | -3.92 | -13.32 | -30.70 | -70.77 | -163.11 | -375.95 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -2.26 | -1.07 | -4.28 | -17.85 | 24.63 | -33.94 | -78.23 | -180.30 | -415.58 | -957.88 |
Weighted Average Cost Of Capital
| Share price | $ 4.37 |
|---|---|
| Beta | -0.418 |
| Diluted Shares Outstanding | 18.65 |
| Cost of Debt | |
| Tax Rate | 19.40 |
| After-tax Cost of Debt | 8.85% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 2.653 |
| Total Debt | 6.96 |
| Total Equity | 81.50 |
| Total Capital | 88.46 |
| Debt Weighting | 7.87 |
| Equity Weighting | 92.13 |
| 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 | 13.13 | 9.88 | 14.51 | 79.04 | 122.65 | 282.69 | 651.57 | 1,501.81 | 3,461.52 | 7,978.46 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -2.12 | -0.84 | -2.59 | -13.62 | 28.55 | -20.62 | -47.52 | -109.54 | -252.47 | -581.93 |
| Capital Expenditure | -0.14 | -0.23 | -1.69 | -4.23 | -3.92 | -13.32 | -30.70 | -70.77 | -163.11 | -375.95 |
| Free Cash Flow | -2.26 | -1.07 | -4.28 | -17.85 | 24.63 | -33.94 | -78.23 | -180.30 | -415.58 | -957.88 |
| WACC | ||||||||||
| PV LFCF | -32.91 | -73.54 | -164.33 | -367.24 | -820.68 | |||||
| SUM PV LFCF | -1,458.70 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.14 |
| Free cash flow (t + 1) | -977.04 |
| Terminal Value | -85,705.21 |
| Present Value of Terminal Value | -73,429.67 |
Intrinsic Value
| Enterprise Value | -74,888.37 |
|---|---|
| Net Debt | -2.15 |
| Equity Value | -74,886.22 |
| Shares Outstanding | 18.65 |
| Equity Value Per Share | -4,015.13 |