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 |