Discounted Cash Flow (DCF) Analysis Levered
Senvest Capital Inc. (SEC.TO)
$310
-13.00 (-4.02%)
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 | -120.47 | 192.13 | 354.21 | 1,035.61 | -262.38 | -191.48 | -139.74 | -101.98 | -74.42 | -54.31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -97.30 | -74.56 | 218.75 | 590.30 | 257.31 | -23.99 | -17.51 | -12.78 | -9.33 | -6.81 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | -1.20 | -1.77 | -5.27 | 1.43 | 1.04 | 0.76 | 0.56 | 0.41 | 0.30 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -97.30 | -75.76 | 216.97 | 585.03 | 258.74 | -22.95 | -16.75 | -12.22 | -8.92 | -6.51 |
Weighted Average Cost Of Capital
| Share price | $ 310 |
|---|---|
| Beta | 0.949 |
| Diluted Shares Outstanding | 2.49 |
| Cost of Debt | |
| Tax Rate | 11.01 |
| After-tax Cost of Debt | 1,396.30% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.281 |
| Total Debt | 3.30 |
| Total Equity | 771.79 |
| Total Capital | 775.09 |
| Debt Weighting | 0.43 |
| Equity Weighting | 99.57 |
| 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 | -120.47 | 192.13 | 354.21 | 1,035.61 | -262.38 | -191.48 | -139.74 | -101.98 | -74.42 | -54.31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -97.30 | -74.56 | 218.75 | 590.30 | 257.31 | -23.99 | -17.51 | -12.78 | -9.33 | -6.81 |
| Capital Expenditure | - | -1.20 | -1.77 | -5.27 | 1.43 | 1.04 | 0.76 | 0.56 | 0.41 | 0.30 |
| Free Cash Flow | -97.30 | -75.76 | 216.97 | 585.03 | 258.74 | -22.95 | -16.75 | -12.22 | -8.92 | -6.51 |
| WACC | ||||||||||
| PV LFCF | -19.92 | -12.62 | -8 | -5.07 | -3.21 | |||||
| SUM PV LFCF | -48.82 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 15.19 |
| Free cash flow (t + 1) | -6.64 |
| Terminal Value | -50.34 |
| Present Value of Terminal Value | -24.82 |
Intrinsic Value
| Enterprise Value | -73.64 |
|---|---|
| Net Debt | -39.23 |
| Equity Value | -34.41 |
| Shares Outstanding | 2.49 |
| Equity Value Per Share | -13.82 |