Discounted Cash Flow (DCF) Analysis Levered
Starcore International Mines Ltd. (SAM.TO)
$0.185
0.00 (0.00%)
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 | 27.81 | 32.79 | 24.82 | 26.80 | 25.68 | 25.51 | 25.35 | 25.18 | 25.02 | 24.86 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -6.01 | -0.01 | 2.74 | 7.73 | 5.83 | 2.09 | 2.08 | 2.06 | 2.05 | 2.04 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -2.19 | -3.54 | -3.11 | -1.58 | -2.75 | -2.44 | -2.42 | -2.41 | -2.39 | -2.38 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -8.20 | -3.55 | -0.38 | 6.15 | 3.08 | -0.35 | -0.35 | -0.35 | -0.34 | -0.34 |
Weighted Average Cost Of Capital
Share price | $ 0.185 |
---|---|
Beta | 0.675 |
Diluted Shares Outstanding | 49.65 |
Cost of Debt | |
Tax Rate | 10.96 |
After-tax Cost of Debt | 15.87% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.681 |
Total Debt | 0.90 |
Total Equity | 9.18 |
Total Capital | 10.08 |
Debt Weighting | 8.91 |
Equity Weighting | 91.09 |
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 | 27.81 | 32.79 | 24.82 | 26.80 | 25.68 | 25.51 | 25.35 | 25.18 | 25.02 | 24.86 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -6.01 | -0.01 | 2.74 | 7.73 | 5.83 | 2.09 | 2.08 | 2.06 | 2.05 | 2.04 |
Capital Expenditure | -2.19 | -3.54 | -3.11 | -1.58 | -2.75 | -2.44 | -2.42 | -2.41 | -2.39 | -2.38 |
Free Cash Flow | -8.20 | -3.55 | -0.38 | 6.15 | 3.08 | -0.35 | -0.35 | -0.35 | -0.34 | -0.34 |
WACC | ||||||||||
PV LFCF | -0.33 | -0.30 | -0.28 | -0.26 | -0.24 | |||||
SUM PV LFCF | -1.40 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.50 |
Free cash flow (t + 1) | -0.35 |
Terminal Value | -6.32 |
Present Value of Terminal Value | -4.40 |
Intrinsic Value
Enterprise Value | -5.80 |
---|---|
Net Debt | -7.92 |
Equity Value | 2.12 |
Shares Outstanding | 49.65 |
Equity Value Per Share | 0.04 |