Discounted Cash Flow (DCF) Analysis Levered

Reliv' International, Inc. (RELV)

$4.5

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 2.15 | 4.5 | 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 $ 4.5
Beta 0.133
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 4.325
Total Debt 1
Total Equity 7.86
Total Capital 8.86
Debt Weighting 11.29
Equity Weighting 88.71
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 -0.50-0.48-0.47-0.45-0.44
SUM PV LFCF -2.34

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -6.18
Free cash flow (t + 1) -0.32
Terminal Value 3.96
Present Value of Terminal Value 5.45

Intrinsic Value

Enterprise Value 3.12
Net Debt -0.63
Equity Value 3.75
Shares Outstanding 1.75
Equity Value Per Share 2.15