Discounted Cash Flow (DCF) Analysis Levered
RiceBran Technologies (RIBT)
$0.8999
+0.04 (+4.64%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 23.71 | 26.20 | 31.13 | 41.62 | 50.36 | 60.93 | 73.72 | 89.20 | 107.93 | 130.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -13.45 | -7.95 | -13.55 | -18.11 | -21.92 | -26.52 | -32.09 | -38.82 | -46.98 | -56.84 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -4.22 | -1.18 | -3.47 | -4.64 | -5.62 | -6.80 | -8.22 | -9.95 | -12.04 | -14.57 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -17.67 | -9.13 | -17.02 | -22.76 | -27.53 | -33.32 | -40.31 | -48.78 | -59.02 | -71.41 |
Weighted Average Cost Of Capital
| Share price | $ 0.8,999 |
|---|---|
| Beta | 0.373 |
| Diluted Shares Outstanding | 5.51 |
| Cost of Debt | |
| Tax Rate | -0.24 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.474 |
| Total Debt | - |
| Total Equity | 4.96 |
| Total Capital | 4.96 |
| Debt Weighting | 0.00 |
| Equity Weighting | 100.00 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 23.71 | 26.20 | 31.13 | 41.62 | 50.36 | 60.93 | 73.72 | 89.20 | 107.93 | 130.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -13.45 | -7.95 | -13.55 | -18.11 | -21.92 | -26.52 | -32.09 | -38.82 | -46.98 | -56.84 |
| Capital Expenditure | -4.22 | -1.18 | -3.47 | -4.64 | -5.62 | -6.80 | -8.22 | -9.95 | -12.04 | -14.57 |
| Free Cash Flow | -17.67 | -9.13 | -17.02 | -22.76 | -27.53 | -33.32 | -40.31 | -48.78 | -59.02 | -71.41 |
| WACC | ||||||||||
| PV LFCF | -27.53 | -31.59 | -36.24 | -41.57 | -47.69 | -54.72 | ||||
| SUM PV LFCF | -211.81 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.47 |
| Free cash flow (t + 1) | -72.84 |
| Terminal Value | -2,099.08 |
| Present Value of Terminal Value | -1,608.36 |
Intrinsic Value
| Enterprise Value | -1,820.17 |
|---|---|
| Net Debt | -0 |
| Equity Value | -1,820.17 |
| Shares Outstanding | 5.51 |
| Equity Value Per Share | -330.06 |