Discounted Cash Flow (DCF) Analysis Levered
Teligent, Inc. (TLGT)
$0.1735
-0.03 (-%)
All numbers are in Millions, Currency in USD
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 | 44.25 | 66.88 | 67.25 | 84.63 | 106.51 | 134.04 | 168.69 | 212.29 | 267.17 | 336.23 | 423.14 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| Operating Cash Flow | -15.51 | 1.10 | 0.40 | -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 | -0.43 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.268 |
| 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 | 44.25 | 66.88 | 67.25 | 84.63 | 106.51 | 134.04 | 168.69 | 212.29 | 267.17 | 336.23 | 423.14 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -15.51 | 1.10 | 0.40 | -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 | -63.81 | -76.07 | -90.69 | -108.13 | -128.91 | -153.68 | -183.22 | -218.44 | |||
| SUM PV LFCF | -836.43 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.56 |
| Free cash flow (t + 1) | -308.26 |
| Terminal Value | -8,659.06 |
| Present Value of Terminal Value | -6,606.53 |
Intrinsic Value
| Enterprise Value | -7,442.97 |
|---|---|
| Net Debt | 131.26 |
| Equity Value | -7,574.23 |
| Shares Outstanding | 77.14 |
| Equity Value Per Share | -98.19 |