Discounted Cash Flow (DCF) Analysis Levered
TuanChe Limited (TC)
$0.5
-0.00 (-0.20%)
All numbers are in Millions, Currency in USD
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 | 104.16 | 103.16 | 52.84 | 57.21 | 29.31 | 22.70 | 17.58 | 13.61 | 10.54 | 8.16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -8.53 | -25.89 | -14.22 | -14.76 | -17.55 | -6.62 | -5.13 | -3.97 | -3.08 | -2.38 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -3.31 | -2.12 | -0.33 | -0.15 | -0.03 | -0.28 | -0.22 | -0.17 | -0.13 | -0.10 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -11.85 | -28.01 | -14.54 | -14.92 | -17.58 | -6.91 | -5.35 | -4.14 | -3.21 | -2.48 |
Weighted Average Cost Of Capital
| Share price | $ 0.5 |
|---|---|
| Beta | 0.320 |
| Diluted Shares Outstanding | 19.24 |
| Cost of Debt | |
| Tax Rate | 3.33 |
| After-tax Cost of Debt | 834.70% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.109 |
| Total Debt | 2.79 |
| Total Equity | 9.62 |
| Total Capital | 12.40 |
| Debt Weighting | 22.46 |
| Equity Weighting | 77.54 |
| 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 | 104.16 | 103.16 | 52.84 | 57.21 | 29.31 | 22.70 | 17.58 | 13.61 | 10.54 | 8.16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -8.53 | -25.89 | -14.22 | -14.76 | -17.55 | -6.62 | -5.13 | -3.97 | -3.08 | -2.38 |
| Capital Expenditure | -3.31 | -2.12 | -0.33 | -0.15 | -0.03 | -0.28 | -0.22 | -0.17 | -0.13 | -0.10 |
| Free Cash Flow | -11.85 | -28.01 | -14.54 | -14.92 | -17.58 | -6.91 | -5.35 | -4.14 | -3.21 | -2.48 |
| WACC | ||||||||||
| PV LFCF | -2.36 | -0.63 | -0.17 | -0.04 | -0.01 | |||||
| SUM PV LFCF | -3.21 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 192.19 |
| Free cash flow (t + 1) | -2.53 |
| Terminal Value | -1.33 |
| Present Value of Terminal Value | -0.01 |
Intrinsic Value
| Enterprise Value | -3.22 |
|---|---|
| Net Debt | -8.40 |
| Equity Value | 5.18 |
| Shares Outstanding | 19.24 |
| Equity Value Per Share | 0.27 |