Discounted Cash Flow (DCF) Analysis Levered
Electrameccanica Vehicles Corp. (SOLO)
$1.56
-0.03 (-1.89%)
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 | 0.09 | 0.57 | 0.59 | 0.57 | 2.10 | 6.44 | 19.76 | 60.59 | 185.79 | 569.76 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -5.82 | -11.44 | -17.23 | -22.49 | -60.42 | -237.61 | -728.67 | -2,234.58 | -6,852.65 | -21,014.63 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.01 | -3.07 | -2.79 | -1.40 | -4.64 | -33.93 | -104.04 | -319.06 | -978.45 | -3,000.55 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -6.83 | -14.51 | -20.02 | -23.89 | -65.06 | -271.54 | -832.71 | -2,553.64 | -7,831.10 | -24,015.18 |
Weighted Average Cost Of Capital
| Share price | $ 1.56 |
|---|---|
| Beta | 2.389 |
| Diluted Shares Outstanding | 107.49 |
| Cost of Debt | |
| Tax Rate | -0.00 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 14.116 |
| Total Debt | 1.89 |
| Total Equity | 167.68 |
| Total Capital | 169.57 |
| Debt Weighting | 1.11 |
| Equity Weighting | 98.89 |
| 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 | 0.09 | 0.57 | 0.59 | 0.57 | 2.10 | 6.44 | 19.76 | 60.59 | 185.79 | 569.76 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.82 | -11.44 | -17.23 | -22.49 | -60.42 | -237.61 | -728.67 | -2,234.58 | -6,852.65 | -21,014.63 |
| Capital Expenditure | -1.01 | -3.07 | -2.79 | -1.40 | -4.64 | -33.93 | -104.04 | -319.06 | -978.45 | -3,000.55 |
| Free Cash Flow | -6.83 | -14.51 | -20.02 | -23.89 | -65.06 | -271.54 | -832.71 | -2,553.64 | -7,831.10 | -24,015.18 |
| WACC | ||||||||||
| PV LFCF | -123.64 | -332.58 | -894.57 | -2,406.22 | -6,472.27 | |||||
| SUM PV LFCF | -19,704.26 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 14.01 |
| Free cash flow (t + 1) | -24,495.48 |
| Terminal Value | -203,959.04 |
| Present Value of Terminal Value | -105,883.49 |
Intrinsic Value
| Enterprise Value | -125,587.75 |
|---|---|
| Net Debt | -220.04 |
| Equity Value | -125,367.71 |
| Shares Outstanding | 107.49 |
| Equity Value Per Share | -1,166.36 |