Discounted Cash Flow (DCF) Analysis Levered

Petrus Resources Ltd. (PRQ.TO)

$1.84

-0.18 (-8.91%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.69 | 1.84 | 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 90.5780.7271.4050.3781.2783.1985.1687.1889.2491.36
Revenue (%)
Operating Cash Flow 45.9328.4227.8228.9232.9937.0937.9738.8739.7940.73
Operating Cash Flow (%)
Capital Expenditure -82.52-22.21-17.68-14.31-27.17-34.15-34.96-35.78-36.63-37.50
Capital Expenditure (%)
Free Cash Flow -36.596.2110.1414.625.822.943.013.083.153.23

Weighted Average Cost Of Capital

Share price $ 1.84
Beta 3.491
Diluted Shares Outstanding 49.47
Cost of Debt
Tax Rate -4.97
After-tax Cost of Debt 13.17%
Risk-Free Rate
Market Risk Premium
Cost of Equity 20.177
Total Debt 58.52
Total Equity 91.02
Total Capital 149.54
Debt Weighting 39.13
Equity Weighting 60.87
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 90.5780.7271.4050.3781.2783.1985.1687.1889.2491.36
Operating Cash Flow 45.9328.4227.8228.9232.9937.0937.9738.8739.7940.73
Capital Expenditure -82.52-22.21-17.68-14.31-27.17-34.15-34.96-35.78-36.63-37.50
Free Cash Flow -36.596.2110.1414.625.822.943.013.083.153.23
WACC
PV LFCF 2.502.181.901.661.45
SUM PV LFCF 9.70

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 17.43
Free cash flow (t + 1) 3.29
Terminal Value 21.35
Present Value of Terminal Value 9.56

Intrinsic Value

Enterprise Value 19.26
Net Debt 53.59
Equity Value -34.34
Shares Outstanding 49.47
Equity Value Per Share -0.69