Discounted Cash Flow (DCF) Analysis Levered
QuickLogic Corporation (QUIK)
$11.91
+0.92 (+8.37%)
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 | 12.63 | 10.31 | 8.63 | 12.69 | 16.18 | 17.79 | 19.56 | 21.51 | 23.66 | 26.01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -12.64 | -11.59 | -6.74 | -2.86 | -4.06 | -12.04 | -13.24 | -14.55 | -16 | -17.60 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.35 | -0.94 | -1.05 | -0.72 | -0.81 | -1.24 | -1.36 | -1.50 | -1.65 | -1.81 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -12.99 | -12.53 | -7.80 | -3.58 | -4.87 | -13.27 | -14.60 | -16.05 | -17.65 | -19.41 |
Weighted Average Cost Of Capital
| Share price | $ 11.91 |
|---|---|
| Beta | 1.607 |
| Diluted Shares Outstanding | 12.59 |
| Cost of Debt | |
| Tax Rate | -2.35 |
| After-tax Cost of Debt | 4.16% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.741 |
| Total Debt | 16.39 |
| Total Equity | 149.92 |
| Total Capital | 166.32 |
| Debt Weighting | 9.86 |
| Equity Weighting | 90.14 |
| 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 | 12.63 | 10.31 | 8.63 | 12.69 | 16.18 | 17.79 | 19.56 | 21.51 | 23.66 | 26.01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -12.64 | -11.59 | -6.74 | -2.86 | -4.06 | -12.04 | -13.24 | -14.55 | -16 | -17.60 |
| Capital Expenditure | -0.35 | -0.94 | -1.05 | -0.72 | -0.81 | -1.24 | -1.36 | -1.50 | -1.65 | -1.81 |
| Free Cash Flow | -12.99 | -12.53 | -7.80 | -3.58 | -4.87 | -13.27 | -14.60 | -16.05 | -17.65 | -19.41 |
| WACC | ||||||||||
| PV LFCF | -11.96 | -11.85 | -11.74 | -11.63 | -11.52 | |||||
| SUM PV LFCF | -58.70 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 10.99 |
| Free cash flow (t + 1) | -19.80 |
| Terminal Value | -220.22 |
| Present Value of Terminal Value | -130.75 |
Intrinsic Value
| Enterprise Value | -189.45 |
|---|---|
| Net Debt | -2.81 |
| Equity Value | -186.64 |
| Shares Outstanding | 12.59 |
| Equity Value Per Share | -14.83 |