Discounted Cash Flow (DCF) Analysis Levered
Taoping Inc. (TAOP)
$0.700001
-0.01 (-2.06%)
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 | 18.19 | 20.58 | 13.79 | 11.06 | 24.85 | 30.12 | 36.52 | 44.28 | 53.68 | 65.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 4.54 | 2.47 | -1.68 | -1.78 | -16.15 | -3.39 | -4.11 | -4.99 | -6.05 | -7.33 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -3.78 | -1.80 | -1.62 | -1.67 | -11.29 | -6.13 | -7.44 | -9.02 | -10.93 | -13.25 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 0.76 | 0.68 | -3.30 | -3.45 | -27.44 | -9.53 | -11.55 | -14 | -16.98 | -20.59 |
Weighted Average Cost Of Capital
| Share price | $ 0.700,001 |
|---|---|
| Beta | 0.606 |
| Diluted Shares Outstanding | 12.96 |
| Cost of Debt | |
| Tax Rate | -0.05 |
| After-tax Cost of Debt | 10.57% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.497 |
| Total Debt | 8.78 |
| Total Equity | 9.07 |
| Total Capital | 17.86 |
| Debt Weighting | 49.18 |
| Equity Weighting | 50.82 |
| 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 | 18.19 | 20.58 | 13.79 | 11.06 | 24.85 | 30.12 | 36.52 | 44.28 | 53.68 | 65.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 4.54 | 2.47 | -1.68 | -1.78 | -16.15 | -3.39 | -4.11 | -4.99 | -6.05 | -7.33 |
| Capital Expenditure | -3.78 | -1.80 | -1.62 | -1.67 | -11.29 | -6.13 | -7.44 | -9.02 | -10.93 | -13.25 |
| Free Cash Flow | 0.76 | 0.68 | -3.30 | -3.45 | -27.44 | -9.53 | -11.55 | -14 | -16.98 | -20.59 |
| WACC | ||||||||||
| PV LFCF | -8.78 | -9.81 | -10.96 | -12.25 | -13.69 | |||||
| SUM PV LFCF | -55.50 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.50 |
| Free cash flow (t + 1) | -21 |
| Terminal Value | -323.03 |
| Present Value of Terminal Value | -214.83 |
Intrinsic Value
| Enterprise Value | -270.33 |
|---|---|
| Net Debt | 4.25 |
| Equity Value | -274.58 |
| Shares Outstanding | 12.96 |
| Equity Value Per Share | -21.18 |