Discounted Cash Flow (DCF) Analysis Levered
Reliv' International, Inc. (RELV)
$3.83
+0.05 (+0.00%)
All numbers are in Millions, Currency in USD
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 | 51.77 | 45.51 | 41.79 | 36.12 | 35.06 | 31.83 | 28.91 | 26.25 | 23.83 | 21.64 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.80 | 1.53 | -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 | -1.05 | 1.35 | -0.66 | -1.35 | -1.04 | -0.47 | -0.42 | -0.39 | -0.35 | -0.32 |
Weighted Average Cost Of Capital
| Share price | $ 3.83 |
|---|---|
| Beta | 0.112 |
| Diluted Shares Outstanding | 1.75 |
| Cost of Debt | |
| Tax Rate | 1,979.44 |
| After-tax Cost of Debt | -177.42% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.054 |
| Total Debt | 0.50 |
| Total Equity | 6.69 |
| Total Capital | 7.19 |
| Debt Weighting | 6.96 |
| Equity Weighting | 93.04 |
| 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 | 51.77 | 45.51 | 41.79 | 36.12 | 35.06 | 31.83 | 28.91 | 26.25 | 23.83 | 21.64 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.80 | 1.53 | -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 | -1.05 | 1.35 | -0.66 | -1.35 | -1.04 | -0.47 | -0.42 | -0.39 | -0.35 | -0.32 |
| WACC | ||||||||||
| PV LFCF | -0.70 | -0.68 | -0.67 | -0.66 | -0.65 | |||||
| SUM PV LFCF | -2.45 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | -7.64 |
| Free cash flow (t + 1) | -0.32 |
| Terminal Value | 3.36 |
| Present Value of Terminal Value | 5 |
Intrinsic Value
| Enterprise Value | 2.56 |
|---|---|
| Net Debt | -1.13 |
| Equity Value | 3.69 |
| Shares Outstanding | 1.75 |
| Equity Value Per Share | 2.11 |