Discounted Cash Flow (DCF) Analysis Levered

Pintec Technology Holdings Limited (PT)

$0.354

-0.03 (-7.21%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.35 | 0.354 | 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 91168.42205.6460.5227.7226.5025.3324.2223.1622.14
Revenue (%)
Operating Cash Flow 31.5917.3328.019.11-5.152.922.792.672.552.44
Operating Cash Flow (%)
Capital Expenditure -0.36-0.65-1.60-15.65-0.03-1.46-1.39-1.33-1.27-1.22
Capital Expenditure (%)
Free Cash Flow 31.2316.6826.41-6.53-5.181.461.401.341.281.22

Weighted Average Cost Of Capital

Share price $ 0.354
Beta -0.454
Diluted Shares Outstanding 21.50
Cost of Debt
Tax Rate 0.21
After-tax Cost of Debt 8.09%
Risk-Free Rate
Market Risk Premium
Cost of Equity 1.721
Total Debt 64
Total Equity 7.61
Total Capital 71.61
Debt Weighting 89.37
Equity Weighting 10.63
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 91168.42205.6460.5227.7226.5025.3324.2223.1622.14
Operating Cash Flow 31.5917.3328.019.11-5.152.922.792.672.552.44
Capital Expenditure -0.36-0.65-1.60-15.65-0.03-1.46-1.39-1.33-1.27-1.22
Free Cash Flow 31.2316.6826.41-6.53-5.181.461.401.341.281.22
WACC
PV LFCF 1.361.211.080.960.85
SUM PV LFCF 5.47

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.42
Free cash flow (t + 1) 1.25
Terminal Value 22.99
Present Value of Terminal Value 16.08

Intrinsic Value

Enterprise Value 21.54
Net Debt 29.14
Equity Value -7.60
Shares Outstanding 21.50
Equity Value Per Share -0.35