Discounted Cash Flow (DCF) Analysis Levered
ReWalk Robotics Ltd. (RWLK)
$0.581
-0.01 (-2.52%)
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 | 6.54 | 4.87 | 4.39 | 5.97 | 5.51 | 5.41 | 5.31 | 5.22 | 5.12 | 5.03 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -14.77 | -14.82 | -12.59 | -11.47 | -17.89 | -14.43 | -14.17 | -13.91 | -13.66 | -13.42 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.01 | -0.02 | -0.07 | -0.05 | -0.02 | -0.04 | -0.04 | -0.04 | -0.04 | -0.04 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -14.79 | -14.84 | -12.66 | -11.52 | -17.92 | -14.47 | -14.21 | -13.95 | -13.70 | -13.45 |
Weighted Average Cost Of Capital
| Share price | $ 0.581 |
|---|---|
| Beta | 2.471 |
| Diluted Shares Outstanding | 62.38 |
| Cost of Debt | |
| Tax Rate | -2.44 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 15.370 |
| Total Debt | 0.90 |
| Total Equity | 36.24 |
| Total Capital | 37.14 |
| Debt Weighting | 2.42 |
| Equity Weighting | 97.58 |
| 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 | 6.54 | 4.87 | 4.39 | 5.97 | 5.51 | 5.41 | 5.31 | 5.22 | 5.12 | 5.03 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -14.77 | -14.82 | -12.59 | -11.47 | -17.89 | -14.43 | -14.17 | -13.91 | -13.66 | -13.42 |
| Capital Expenditure | -0.01 | -0.02 | -0.07 | -0.05 | -0.02 | -0.04 | -0.04 | -0.04 | -0.04 | -0.04 |
| Free Cash Flow | -14.79 | -14.84 | -12.66 | -11.52 | -17.92 | -14.47 | -14.21 | -13.95 | -13.70 | -13.45 |
| WACC | ||||||||||
| PV LFCF | -12.57 | -10.72 | -9.14 | -7.80 | -6.65 | |||||
| SUM PV LFCF | -46.88 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 15.12 |
| Free cash flow (t + 1) | -13.72 |
| Terminal Value | -104.58 |
| Present Value of Terminal Value | -51.72 |
Intrinsic Value
| Enterprise Value | -98.61 |
|---|---|
| Net Debt | -67 |
| Equity Value | -31.61 |
| Shares Outstanding | 62.38 |
| Equity Value Per Share | -0.51 |