Discounted Cash Flow (DCF) Analysis Levered

Sonim Technologies, Inc. (SONM)

$0.68

+0.15 (+27.20%)
All numbers are in Millions, Currency in USD
Stock DCF: -7.58 | 0.68 | overvalue

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 135.66116.2563.9954.5769.8361.7954.6848.3942.8237.89
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 135.66116.2563.9954.5769.8361.7954.6848.3942.8237.89
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