Discounted Cash Flow (DCF) Analysis Levered

Teligent, Inc. (TLGT)

$0.1735

-0.03 (-13.85%)
All numbers are in Millions, Currency in USD
Stock DCF: 384.96 | 0.1735 | undervalue

Free Cash Flow

Year
A/P
2015
Actual
2016
Actual
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 44.2566.8867.2584.63106.51134.04168.69212.29267.17336.23423.14
Revenue (%)
Operating Cash Flow -15.511.100.40-9.26-11.65-14.66-18.46-23.23-29.23-36.78-46.29
Operating Cash Flow (%)
Capital Expenditure -41.42-18.55-40.43-51.19-64.42-81.07-102.03-128.40-161.59-203.36-255.93
Capital Expenditure (%)
Free Cash Flow -56.93-17.45-40.03-60.45-76.07-95.74-120.48-151.63-190.82-240.14-302.22

Weighted Average Cost Of Capital

Share price $ 0.1,735
Beta 1.618
Diluted Shares Outstanding 77.14
Cost of Debt
Tax Rate 100.00
After-tax Cost of Debt 0.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.847
Total Debt 137.21
Total Equity 13.38
Total Capital 150.59
Debt Weighting 91.11
Equity Weighting 8.89
Wacc

Build Up Free Cash Flow

Year
A/P
2015
Actual
2016
Actual
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 44.2566.8867.2584.63106.51134.04168.69212.29267.17336.23423.14
Operating Cash Flow -15.511.100.40-9.26-11.65-14.66-18.46-23.23-29.23-36.78-46.29
Capital Expenditure -41.42-18.55-40.43-51.19-64.42-81.07-102.03-128.40-161.59-203.36-255.93
Free Cash Flow -56.93-17.45-40.03-60.45-76.07-95.74-120.48-151.63-190.82-240.14-302.22
WACC
PV LFCF -61.08-76.07-94.74-117.99-146.95-183.01-227.92-283.86
SUM PV LFCF -969.82

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 1.05
Free cash flow (t + 1) -308.26
Terminal Value 32,448.68
Present Value of Terminal Value 30,797.50

Intrinsic Value

Enterprise Value 29,827.68
Net Debt 131.26
Equity Value 29,696.42
Shares Outstanding 77.14
Equity Value Per Share 384.96