Discounted Cash Flow (DCF) Analysis Levered

ToughBuilt Industries, Inc. (TBLT)

$5.44

-0.79 (-12.68%)
All numbers are in Millions, Currency in USD
Stock DCF: -8,546.75 | 5.44 | overvalue

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 14.2015.2919.0939.4370.03107.96166.43256.58395.56609.82
Revenue (%)
Operating Cash Flow -1.43-8.24-10.23-25.06-66.18-59.51-91.75-141.45-218.06-336.18
Operating Cash Flow (%)
Capital Expenditure -0.07-0.08-0.09-0.19-0.34-0.53-0.82-1.26-1.95-3
Capital Expenditure (%)
Free Cash Flow -1.50-8.32-10.32-25.26-66.53-60.05-92.57-142.71-220.01-339.18

Weighted Average Cost Of Capital

Share price $ 5.44
Beta 2.954
Diluted Shares Outstanding 0.18
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 16.792
Total Debt -
Total Equity 0.99
Total Capital 0.99
Debt Weighting 0.00
Equity Weighting 100.00
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 14.2015.2919.0939.4370.03107.96166.43256.58395.56609.82
Operating Cash Flow -1.43-8.24-10.23-25.06-66.18-59.51-91.75-141.45-218.06-336.18
Capital Expenditure -0.07-0.08-0.09-0.19-0.34-0.53-0.82-1.26-1.95-3
Free Cash Flow -1.50-8.32-10.32-25.26-66.53-60.05-92.57-142.71-220.01-339.18
WACC
PV LFCF -51.41-67.87-89.59-118.25-156.10
SUM PV LFCF -483.22

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 16.79
Free cash flow (t + 1) -345.96
Terminal Value -2,339.17
Present Value of Terminal Value -1,076.55

Intrinsic Value

Enterprise Value -1,559.76
Net Debt -7.47
Equity Value -1,552.29
Shares Outstanding 0.18
Equity Value Per Share -8,546.75