Discounted Cash Flow (DCF) Analysis Levered
SGOCO Group, Ltd. (SGOC)
$6.2
-0.02 (-0.32%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 5.07 | 0.05 | 1.58 | 5.53 | 4.29 | 37.85 | 333.67 | 2,941.62 | 25,933.57 | 228,632.30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -1.08 | -7.98 | -36.17 | 3.11 | 21.85 | -1,316.07 | -11,602.58 | -102,289.23 | -901,789.60 | -7,950,245.27 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | -2.44 | -0.70 | -0.12 | -21.44 | -188.99 | -1,666.14 | -14,688.85 | -129,498.05 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -1.08 | -7.98 | -38.62 | 2.42 | 21.73 | -1,337.51 | -11,791.57 | -103,955.38 | -916,478.45 | -8,079,743.32 |
Weighted Average Cost Of Capital
| Share price | $ 6.2 |
|---|---|
| Beta | 0.617 |
| Diluted Shares Outstanding | 79.20 |
| Cost of Debt | |
| Tax Rate | 0.46 |
| After-tax Cost of Debt | 8.61% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.455 |
| Total Debt | 11.79 |
| Total Equity | 491.02 |
| Total Capital | 502.81 |
| Debt Weighting | 2.35 |
| Equity Weighting | 97.65 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 5.07 | 0.05 | 1.58 | 5.53 | 4.29 | 37.85 | 333.67 | 2,941.62 | 25,933.57 | 228,632.30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1.08 | -7.98 | -36.17 | 3.11 | 21.85 | -1,316.07 | -11,602.58 | -102,289.23 | -901,789.60 | -7,950,245.27 |
| Capital Expenditure | - | - | -2.44 | -0.70 | -0.12 | -21.44 | -188.99 | -1,666.14 | -14,688.85 | -129,498.05 |
| Free Cash Flow | -1.08 | -7.98 | -38.62 | 2.42 | 21.73 | -1,337.51 | -11,791.57 | -103,955.38 | -916,478.45 | -8,079,743.32 |
| WACC | ||||||||||
| PV LFCF | -1,157.82 | -9,497.05 | -77,899.80 | -638,975.15 | -5,241,210.68 | |||||
| SUM PV LFCF | -6,415,202.29 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.48 |
| Free cash flow (t + 1) | -8,241,338.19 |
| Terminal Value | -150,389,383 |
| Present Value of Terminal Value | -104,852,523.89 |
Intrinsic Value
| Enterprise Value | -111,267,726.18 |
|---|---|
| Net Debt | 8.76 |
| Equity Value | -111,267,734.95 |
| Shares Outstanding | 79.20 |
| Equity Value Per Share | -1,404,947.65 |