Discounted Cash Flow (DCF) Analysis Levered
SRAX, Inc. (SRAX)
$0.2
-0.15 (0.00%)
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 | 23.35 | 9.88 | 3.58 | 8.65 | 28.55 | 46.40 | 75.40 | 122.53 | 199.11 | 323.57 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -4.37 | -13.66 | -15.35 | -13.49 | -23.44 | -76.40 | -124.16 | -201.76 | -327.88 | -532.83 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.76 | -1.04 | -1.36 | -1.20 | -0.87 | -6.39 | -10.38 | -16.87 | -27.42 | -44.56 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -5.12 | -14.71 | -16.71 | -14.69 | -24.30 | -82.79 | -134.54 | -218.64 | -355.30 | -577.39 |
Weighted Average Cost Of Capital
| Share price | $ 0.2 |
|---|---|
| Beta | 1.422 |
| Diluted Shares Outstanding | 23.55 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 799.30% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.149 |
| Total Debt | 1.29 |
| Total Equity | 4.71 |
| Total Capital | 6 |
| Debt Weighting | 21.47 |
| Equity Weighting | 78.53 |
| 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 | 23.35 | 9.88 | 3.58 | 8.65 | 28.55 | 46.40 | 75.40 | 122.53 | 199.11 | 323.57 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -4.37 | -13.66 | -15.35 | -13.49 | -23.44 | -76.40 | -124.16 | -201.76 | -327.88 | -532.83 |
| Capital Expenditure | -0.76 | -1.04 | -1.36 | -1.20 | -0.87 | -6.39 | -10.38 | -16.87 | -27.42 | -44.56 |
| Free Cash Flow | -5.12 | -14.71 | -16.71 | -14.69 | -24.30 | -82.79 | -134.54 | -218.64 | -355.30 | -577.39 |
| WACC | ||||||||||
| PV LFCF | -29.53 | -17.11 | -9.92 | -5.75 | -3.33 | |||||
| SUM PV LFCF | -65.64 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 180.39 |
| Free cash flow (t + 1) | -588.93 |
| Terminal Value | -330.14 |
| Present Value of Terminal Value | -1.90 |
Intrinsic Value
| Enterprise Value | -67.54 |
|---|---|
| Net Debt | -0.06 |
| Equity Value | -67.48 |
| Shares Outstanding | 23.55 |
| Equity Value Per Share | -2.87 |