Discounted Cash Flow (DCF) Analysis Levered
Quanterix Corporation (QTRX)
$14.035
-0.10 (-0.67%)
All numbers are in Millions, Currency in USD
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 | 22.87 | 37.63 | 56.73 | 86.38 | 110.56 | 164.60 | 245.05 | 364.83 | 543.16 | 808.66 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -22.11 | -28.72 | -26.19 | -23.36 | -47.91 | -95.30 | -141.89 | -211.24 | -314.49 | -468.22 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.13 | -1.52 | -10.85 | -3.93 | -13.62 | -14.80 | -22.04 | -32.81 | -48.85 | -72.73 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -23.24 | -30.24 | -37.03 | -27.29 | -61.52 | -110.11 | -163.92 | -244.05 | -363.34 | -540.94 |
Weighted Average Cost Of Capital
| Share price | $ 14.035 |
|---|---|
| Beta | 1.333 |
| Diluted Shares Outstanding | 36.52 |
| Cost of Debt | |
| Tax Rate | 0.06 |
| After-tax Cost of Debt | -1.84% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.763 |
| Total Debt | 21.89 |
| Total Equity | 512.53 |
| Total Capital | 534.42 |
| Debt Weighting | 4.10 |
| Equity Weighting | 95.90 |
| 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 | 22.87 | 37.63 | 56.73 | 86.38 | 110.56 | 164.60 | 245.05 | 364.83 | 543.16 | 808.66 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -22.11 | -28.72 | -26.19 | -23.36 | -47.91 | -95.30 | -141.89 | -211.24 | -314.49 | -468.22 |
| Capital Expenditure | -1.13 | -1.52 | -10.85 | -3.93 | -13.62 | -14.80 | -22.04 | -32.81 | -48.85 | -72.73 |
| Free Cash Flow | -23.24 | -30.24 | -37.03 | -27.29 | -61.52 | -110.11 | -163.92 | -244.05 | -363.34 | -540.94 |
| WACC | ||||||||||
| PV LFCF | -100.75 | -137.24 | -186.96 | -254.68 | -346.94 | |||||
| SUM PV LFCF | -1,026.56 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.29 |
| Free cash flow (t + 1) | -551.76 |
| Terminal Value | -7,568.78 |
| Present Value of Terminal Value | -4,854.27 |
Intrinsic Value
| Enterprise Value | -5,880.83 |
|---|---|
| Net Debt | -374.57 |
| Equity Value | -5,506.25 |
| Shares Outstanding | 36.52 |
| Equity Value Per Share | -150.78 |