Discounted Cash Flow (DCF) Analysis Levered
Serabi Gold plc (SBI.TO)
$0.5
+0.04 (+7.53%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 48.45 | 43.26 | 59.95 | 55.83 | 63.14 | 68.52 | 74.36 | 80.70 | 87.58 | 95.04 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 8.24 | 1.61 | 18.51 | 14.56 | 14.80 | 13.86 | 15.04 | 16.32 | 17.71 | 19.22 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -6.51 | -15.02 | -12.98 | -9.89 | -13.74 | -14.98 | -16.25 | -17.64 | -19.14 | -20.77 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 1.73 | -13.42 | 5.53 | 4.67 | 1.06 | -1.12 | -1.22 | -1.32 | -1.43 | -1.55 |
Weighted Average Cost Of Capital
Share price | $ 0.5 |
---|---|
Beta | 1.633 |
Diluted Shares Outstanding | 76.73 |
Cost of Debt | |
Tax Rate | 25.52 |
After-tax Cost of Debt | 7.23% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.197 |
Total Debt | 0.74 |
Total Equity | 38.36 |
Total Capital | 39.10 |
Debt Weighting | 1.88 |
Equity Weighting | 98.12 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 48.45 | 43.26 | 59.95 | 55.83 | 63.14 | 68.52 | 74.36 | 80.70 | 87.58 | 95.04 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 8.24 | 1.61 | 18.51 | 14.56 | 14.80 | 13.86 | 15.04 | 16.32 | 17.71 | 19.22 |
Capital Expenditure | -6.51 | -15.02 | -12.98 | -9.89 | -13.74 | -14.98 | -16.25 | -17.64 | -19.14 | -20.77 |
Free Cash Flow | 1.73 | -13.42 | 5.53 | 4.67 | 1.06 | -1.12 | -1.22 | -1.32 | -1.43 | -1.55 |
WACC | ||||||||||
PV LFCF | -1.01 | -0.98 | -0.96 | -0.94 | -0.92 | |||||
SUM PV LFCF | -4.81 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.12 |
Free cash flow (t + 1) | -1.58 |
Terminal Value | -17.38 |
Present Value of Terminal Value | -10.26 |
Intrinsic Value
Enterprise Value | -15.07 |
---|---|
Net Debt | -11.48 |
Equity Value | -3.58 |
Shares Outstanding | 76.73 |
Equity Value Per Share | -0.05 |