Discounted Cash Flow (DCF) Analysis Levered

Reliv' International, Inc. (RELV)

$3.9

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 1.82 | 3.9 | overvalue

Free Cash Flow

Year
A/P
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
Revenue 51.7745.5141.7936.1235.0631.8328.9126.2523.8321.64
Revenue (%)
Operating Cash Flow -0.801.53-0.16-1.17-0.94-0.29-0.26-0.24-0.21-0.19
Operating Cash Flow (%)
Capital Expenditure -0.25-0.17-0.50-0.18-0.10-0.18-0.16-0.15-0.14-0.12
Capital Expenditure (%)
Free Cash Flow -1.051.35-0.66-1.35-1.04-0.47-0.42-0.39-0.35-0.32

Weighted Average Cost Of Capital

Share price $ 3.9
Beta 0.151
Diluted Shares Outstanding 1.75
Cost of Debt
Tax Rate 1,979.44
After-tax Cost of Debt -88.71%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.216
Total Debt 1
Total Equity 6.81
Total Capital 7.81
Debt Weighting 12.81
Equity Weighting 87.19
Wacc

Build Up Free Cash Flow

Year
A/P
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
Revenue 51.7745.5141.7936.1235.0631.8328.9126.2523.8321.64
Operating Cash Flow -0.801.53-0.16-1.17-0.94-0.29-0.26-0.24-0.21-0.19
Capital Expenditure -0.25-0.17-0.50-0.18-0.10-0.18-0.16-0.15-0.14-0.12
Free Cash Flow -1.051.35-0.66-1.35-1.04-0.47-0.42-0.39-0.35-0.32
WACC
PV LFCF -0.51-0.50-0.49-0.48-0.47
SUM PV LFCF -2.45

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -7.68
Free cash flow (t + 1) -0.32
Terminal Value 3.35
Present Value of Terminal Value 4.99

Intrinsic Value

Enterprise Value 2.54
Net Debt -0.63
Equity Value 3.17
Shares Outstanding 1.75
Equity Value Per Share 1.82