Discounted Cash Flow (DCF) Analysis Levered
Quantum Corporation (QMCO)
$1
+0.01 (+0.50%)
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 | 437.68 | 402.68 | 402.95 | 349.58 | 372.83 | 359.29 | 346.24 | 333.67 | 321.55 | 309.88 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -5.03 | -16.86 | -1.18 | -0.77 | -33.73 | -10.70 | -10.31 | -9.94 | -9.58 | -9.23 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.58 | -2.71 | -2.63 | -6.93 | -6.32 | -4.02 | -3.87 | -3.73 | -3.60 | -3.47 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -7.62 | -19.57 | -3.81 | -7.70 | -40.04 | -14.72 | -14.19 | -13.67 | -13.18 | -12.70 |
Weighted Average Cost Of Capital
| Share price | $ 1 |
|---|---|
| Beta | 2.538 |
| Diluted Shares Outstanding | 67.78 |
| Cost of Debt | |
| Tax Rate | -4.33 |
| After-tax Cost of Debt | 9.79% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 15.545 |
| Total Debt | 121.45 |
| Total Equity | 67.78 |
| Total Capital | 189.23 |
| Debt Weighting | 64.18 |
| Equity Weighting | 35.82 |
| 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 | 437.68 | 402.68 | 402.95 | 349.58 | 372.83 | 359.29 | 346.24 | 333.67 | 321.55 | 309.88 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.03 | -16.86 | -1.18 | -0.77 | -33.73 | -10.70 | -10.31 | -9.94 | -9.58 | -9.23 |
| Capital Expenditure | -2.58 | -2.71 | -2.63 | -6.93 | -6.32 | -4.02 | -3.87 | -3.73 | -3.60 | -3.47 |
| Free Cash Flow | -7.62 | -19.57 | -3.81 | -7.70 | -40.04 | -14.72 | -14.19 | -13.67 | -13.18 | -12.70 |
| WACC | ||||||||||
| PV LFCF | -13.16 | -11.34 | -9.77 | -8.42 | -7.25 | |||||
| SUM PV LFCF | -49.95 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.85 |
| Free cash flow (t + 1) | -12.95 |
| Terminal Value | -131.49 |
| Present Value of Terminal Value | -75.11 |
Intrinsic Value
| Enterprise Value | -125.06 |
|---|---|
| Net Debt | 116.24 |
| Equity Value | -241.30 |
| Shares Outstanding | 67.78 |
| Equity Value Per Share | -3.56 |