Discounted Cash Flow (DCF) Analysis Levered

ProShares UltraShort S&P500 (SDS)

$26.6

-0.01 (-0.04%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.73 | 26.6 | overvalue

Free Cash Flow

Year
A/P
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 0.340.080.020000
Revenue (%)
Operating Cash Flow -5.73-4.93-0.72-0.16-0.04-0.01-0
Operating Cash Flow (%)
Capital Expenditure -1.09-0.86-0.13-0.03-0.01-0-0
Capital Expenditure (%)
Free Cash Flow -6.82-5.78-0.84-0.19-0.04-0.01-0

Weighted Average Cost Of Capital

Share price $ 26.6
Beta -1.980
Diluted Shares Outstanding 11.34
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 8.11%
Risk-Free Rate
Market Risk Premium
Cost of Equity -5.061
Total Debt 7.37
Total Equity 301.67
Total Capital 309.04
Debt Weighting 2.38
Equity Weighting 97.62
Wacc

Build Up Free Cash Flow

Year
A/P
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 0.340.080.020000
Operating Cash Flow -5.73-4.93-0.72-0.16-0.04-0.01-0
Capital Expenditure -1.09-0.86-0.13-0.03-0.01-0-0
Free Cash Flow -6.82-5.78-0.84-0.19-0.04-0.01-0
WACC
PV LFCF -0.98-0.24-0.06-0.01-0
SUM PV LFCF -1.17

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -4.75
Free cash flow (t + 1) -0
Terminal Value 0.04
Present Value of Terminal Value 0.05

Intrinsic Value

Enterprise Value -1.12
Net Debt 7.11
Equity Value -8.23
Shares Outstanding 11.34
Equity Value Per Share -0.73