Discounted Cash Flow (DCF) Analysis Levered

TeraGo Inc. (TGO.TO)

$1.42

+0.03 (+2.16%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.50 | 1.42 | overvalue

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 54.3048.4445.4543.3027.6223.6220.2117.2814.7812.64
Revenue (%)
Operating Cash Flow 10.7615.3813.339.321.255.054.323.703.162.70
Operating Cash Flow (%)
Capital Expenditure -13.03-6.73-7.62-7.38-6.21-4.45-3.81-3.26-2.78-2.38
Capital Expenditure (%)
Free Cash Flow -2.288.655.721.94-4.960.600.520.440.380.32

Weighted Average Cost Of Capital

Share price $ 1.42
Beta 0.933
Diluted Shares Outstanding 19.10
Cost of Debt
Tax Rate -21.46
After-tax Cost of Debt 10.19%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.655
Total Debt 20.50
Total Equity 27.12
Total Capital 47.62
Debt Weighting 43.05
Equity Weighting 56.95
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 54.3048.4445.4543.3027.6223.6220.2117.2814.7812.64
Operating Cash Flow 10.7615.3813.339.321.255.054.323.703.162.70
Capital Expenditure -13.03-6.73-7.62-7.38-6.21-4.45-3.81-3.26-2.78-2.38
Free Cash Flow -2.288.655.721.94-4.960.600.520.440.380.32
WACC
PV LFCF 0.550.430.340.260.21
SUM PV LFCF 1.79

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.32
Free cash flow (t + 1) 0.33
Terminal Value 4.50
Present Value of Terminal Value 2.88

Intrinsic Value

Enterprise Value 4.67
Net Debt 14.28
Equity Value -9.61
Shares Outstanding 19.10
Equity Value Per Share -0.50