Discounted Cash Flow (DCF) Analysis Levered
Sonim Technologies, Inc. (SONM)
$0.68
+0.15 (+27.20%)
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 | 135.66 | 116.25 | 63.99 | 54.57 | 69.83 | 61.79 | 54.68 | 48.39 | 42.82 | 37.89 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 3.86 | -33.52 | -10.56 | -38.48 | -12.36 | -16.15 | -14.29 | -12.65 | -11.19 | -9.91 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -2.54 | -1.36 | -0.01 | -0.05 | -0.01 | -0.39 | -0.35 | -0.31 | -0.27 | -0.24 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 1.32 | -34.88 | -10.57 | -38.52 | -12.37 | -16.54 | -14.64 | -12.95 | -11.46 | -10.14 |
Weighted Average Cost Of Capital
Share price | $ 0.68 |
---|---|
Beta | 2.469 |
Diluted Shares Outstanding | 9.46 |
Cost of Debt | |
Tax Rate | -1.32 |
After-tax Cost of Debt | 5.00% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 15.034 |
Total Debt | - |
Total Equity | 6.44 |
Total Capital | 6.44 |
Debt Weighting | 0.00 |
Equity Weighting | 100.00 |
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 | 135.66 | 116.25 | 63.99 | 54.57 | 69.83 | 61.79 | 54.68 | 48.39 | 42.82 | 37.89 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 3.86 | -33.52 | -10.56 | -38.48 | -12.36 | -16.15 | -14.29 | -12.65 | -11.19 | -9.91 |
Capital Expenditure | -2.54 | -1.36 | -0.01 | -0.05 | -0.01 | -0.39 | -0.35 | -0.31 | -0.27 | -0.24 |
Free Cash Flow | 1.32 | -34.88 | -10.57 | -38.52 | -12.37 | -16.54 | -14.64 | -12.95 | -11.46 | -10.14 |
WACC | ||||||||||
PV LFCF | -12.50 | -9.62 | -7.40 | -5.69 | -4.38 | |||||
SUM PV LFCF | -45.54 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 15.03 |
Free cash flow (t + 1) | -10.35 |
Terminal Value | -79.42 |
Present Value of Terminal Value | -39.43 |
Intrinsic Value
Enterprise Value | -84.97 |
---|---|
Net Debt | -13.21 |
Equity Value | -71.76 |
Shares Outstanding | 9.46 |
Equity Value Per Share | -7.58 |