Discounted Cash Flow (DCF) Analysis Levered

SoundHound AI, Inc. (SOUN)

$3.27

+0.03 (+0.93%)
All numbers are in Millions, Currency in USD
Stock DCF: -147.00 | 3.27 | overvalue

Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 13.0221.2034.5256.2191.53149.05242.71
Revenue (%)
Operating Cash Flow -46.30-66.18-115.27-187.71-305.67-497.76-810.56
Operating Cash Flow (%)
Capital Expenditure -2.16-0.64-3.38-5.51-8.97-14.61-23.80
Capital Expenditure (%)
Free Cash Flow -48.47-66.81-118.66-193.22-314.65-512.38-834.36

Weighted Average Cost Of Capital

Share price $ 3.27
Beta 0.000
Diluted Shares Outstanding 195.03
Cost of Debt
Tax Rate -0.58
After-tax Cost of Debt 11.38%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.742
Total Debt 73.32
Total Equity 637.76
Total Capital 711.08
Debt Weighting 10.31
Equity Weighting 89.69
Wacc

Build Up Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 13.0221.2034.5256.2191.53149.05242.71
Operating Cash Flow -46.30-66.18-115.27-187.71-305.67-497.76-810.56
Capital Expenditure -2.16-0.64-3.38-5.51-8.97-14.61-23.80
Free Cash Flow -48.47-66.81-118.66-193.22-314.65-512.38-834.36
WACC
PV LFCF -113.52-176.84-275.49-429.17-668.57
SUM PV LFCF -1,663.58

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.53
Free cash flow (t + 1) -851.05
Terminal Value -33,638.17
Present Value of Terminal Value -26,954.27

Intrinsic Value

Enterprise Value -28,617.86
Net Debt 51.69
Equity Value -28,669.55
Shares Outstanding 195.03
Equity Value Per Share -147.00