Discounted Cash Flow (DCF) Analysis Levered
PolarityTE, Inc. (PTE)
$0.253
-0.04 (-12.43%)
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 | 1.56 | 5.65 | 10.13 | 9.40 | 0.81 | 1.31 | 2.10 | 3.37 | 5.41 | 8.69 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -28.55 | -56.65 | -37.75 | -22.63 | -22.60 | -16.26 | -26.10 | -41.91 | -67.30 | -108.07 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -9.22 | -2.77 | -1.34 | -0.12 | -0.04 | -1.72 | -2.76 | -4.44 | -7.12 | -11.44 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -37.77 | -59.42 | -39.09 | -22.75 | -22.63 | -17.98 | -28.86 | -46.35 | -74.42 | -119.50 |
Weighted Average Cost Of Capital
| Share price | $ 0.253 |
|---|---|
| Beta | 1.191 |
| Diluted Shares Outstanding | 7.67 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 0.41% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.342 |
| Total Debt | 2.67 |
| Total Equity | 1.94 |
| Total Capital | 4.61 |
| Debt Weighting | 57.95 |
| Equity Weighting | 42.05 |
| 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 | 1.56 | 5.65 | 10.13 | 9.40 | 0.81 | 1.31 | 2.10 | 3.37 | 5.41 | 8.69 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -28.55 | -56.65 | -37.75 | -22.63 | -22.60 | -16.26 | -26.10 | -41.91 | -67.30 | -108.07 |
| Capital Expenditure | -9.22 | -2.77 | -1.34 | -0.12 | -0.04 | -1.72 | -2.76 | -4.44 | -7.12 | -11.44 |
| Free Cash Flow | -37.77 | -59.42 | -39.09 | -22.75 | -22.63 | -17.98 | -28.86 | -46.35 | -74.42 | -119.50 |
| WACC | ||||||||||
| PV LFCF | -17.26 | -26.60 | -41 | -63.20 | -97.42 | |||||
| SUM PV LFCF | -245.48 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.17 |
| Free cash flow (t + 1) | -121.89 |
| Terminal Value | -5,617.23 |
| Present Value of Terminal Value | -4,579.40 |
Intrinsic Value
| Enterprise Value | -4,824.88 |
|---|---|
| Net Debt | -8.77 |
| Equity Value | -4,816.11 |
| Shares Outstanding | 7.67 |
| Equity Value Per Share | -628.31 |