Discounted Cash Flow (DCF) Analysis Levered

Tantech Holdings Ltd (TANH)

$1.54

-0.12 (-7.23%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: Infinity | 1.54 | undervalue

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 29.5649.2342.2855.2653.4964.187792.38110.84132.98
Revenue (%)
Operating Cash Flow 14.6614.7014.17-8.098.2914.6117.5321.0325.2430.28
Operating Cash Flow (%)
Capital Expenditure -0.56-0.09-0.14-0.22-0.08-0.38-0.46-0.55-0.66-0.80
Capital Expenditure (%)
Free Cash Flow 14.1014.6014.03-8.318.2114.2317.0720.4824.5729.48

Weighted Average Cost Of Capital

Share price $ 1.54
Beta 0.379
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 47.26
After-tax Cost of Debt 3.41%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.227
Total Debt 9.31
Total Equity -
Total Capital 9.31
Debt Weighting 100.00
Equity Weighting 0.00
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 29.5649.2342.2855.2653.4964.187792.38110.84132.98
Operating Cash Flow 14.6614.7014.17-8.098.2914.6117.5321.0325.2430.28
Capital Expenditure -0.56-0.09-0.14-0.22-0.08-0.38-0.46-0.55-0.66-0.80
Free Cash Flow 14.1014.6014.03-8.318.2114.2317.0720.4824.5729.48
WACC
PV LFCF 13.7615.9618.5221.4924.93
SUM PV LFCF 94.66

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.41
Free cash flow (t + 1) 30.07
Terminal Value 2,132.78
Present Value of Terminal Value 1,803.57

Intrinsic Value

Enterprise Value 1,898.23
Net Debt -9.67
Equity Value 1,907.90
Shares Outstanding -
Equity Value Per Share Infinity