Discounted Cash Flow (DCF) Analysis Levered
Retractable Technologies, Inc. (RVP)
$1.07
-0.03 (-2.73%)
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 | 33.27 | 41.80 | 81.86 | 93.03 | 88.88 | 117.91 | 156.43 | 207.52 | 275.30 | 365.23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -1.20 | 2.19 | 19 | 32.79 | 16.77 | 18.63 | 24.71 | 32.78 | 43.49 | 57.69 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.38 | -0.63 | -21.05 | -58.37 | -16.83 | -25.95 | -34.43 | -45.67 | -60.59 | -80.39 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -1.58 | 1.56 | -2.05 | -25.57 | -0.06 | -7.33 | -9.72 | -12.89 | -17.11 | -22.69 |
Weighted Average Cost Of Capital
| Share price | $ 1.07 |
|---|---|
| Beta | 2.152 |
| Diluted Shares Outstanding | 32.96 |
| Cost of Debt | |
| Tax Rate | 1.62 |
| After-tax Cost of Debt | 9.23% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 13.850 |
| Total Debt | 1.82 |
| Total Equity | 35.27 |
| Total Capital | 37.09 |
| Debt Weighting | 4.91 |
| Equity Weighting | 95.09 |
| 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 | 33.27 | 41.80 | 81.86 | 93.03 | 88.88 | 117.91 | 156.43 | 207.52 | 275.30 | 365.23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1.20 | 2.19 | 19 | 32.79 | 16.77 | 18.63 | 24.71 | 32.78 | 43.49 | 57.69 |
| Capital Expenditure | -0.38 | -0.63 | -21.05 | -58.37 | -16.83 | -25.95 | -34.43 | -45.67 | -60.59 | -80.39 |
| Free Cash Flow | -1.58 | 1.56 | -2.05 | -25.57 | -0.06 | -7.33 | -9.72 | -12.89 | -17.11 | -22.69 |
| WACC | ||||||||||
| PV LFCF | -6.45 | -7.53 | -8.79 | -10.26 | -11.99 | |||||
| SUM PV LFCF | -45.02 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 13.62 |
| Free cash flow (t + 1) | -23.15 |
| Terminal Value | -199.21 |
| Present Value of Terminal Value | -105.21 |
Intrinsic Value
| Enterprise Value | -150.22 |
|---|---|
| Net Debt | -17.90 |
| Equity Value | -132.32 |
| Shares Outstanding | 32.96 |
| Equity Value Per Share | -4.01 |