Discounted Cash Flow (DCF) Analysis Levered
Ur-Energy Inc. (URG)
$1.03
-0.02 (-1.90%)
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 | 23.50 | 32.26 | 8.32 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0 | 0 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -5.36 | 3.99 | -8.44 | -11.70 | -3.48 | -2.45 | -1.73 | -1.22 | -0.86 | -0.61 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.09 | -0.28 | -0.04 | -1.19 | -0.35 | -0.25 | -0.18 | -0.12 | -0.09 | -0.06 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -5.45 | 3.71 | -8.49 | -12.89 | -3.83 | -2.70 | -1.90 | -1.34 | -0.95 | -0.67 |
Weighted Average Cost Of Capital
| Share price | $ 1.03 |
|---|---|
| Beta | 1.464 |
| Diluted Shares Outstanding | 195.69 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 4.19% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.696 |
| Total Debt | 11.06 |
| Total Equity | 201.56 |
| Total Capital | 212.62 |
| Debt Weighting | 5.20 |
| Equity Weighting | 94.80 |
| 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 | 23.50 | 32.26 | 8.32 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0 | 0 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.36 | 3.99 | -8.44 | -11.70 | -3.48 | -2.45 | -1.73 | -1.22 | -0.86 | -0.61 |
| Capital Expenditure | -0.09 | -0.28 | -0.04 | -1.19 | -0.35 | -0.25 | -0.18 | -0.12 | -0.09 | -0.06 |
| Free Cash Flow | -5.45 | 3.71 | -8.49 | -12.89 | -3.83 | -2.70 | -1.90 | -1.34 | -0.95 | -0.67 |
| WACC | ||||||||||
| PV LFCF | -2.45 | -1.56 | -1 | -0.64 | -0.41 | |||||
| SUM PV LFCF | -6.06 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 10.36 |
| Free cash flow (t + 1) | -0.68 |
| Terminal Value | -8.14 |
| Present Value of Terminal Value | -4.97 |
Intrinsic Value
| Enterprise Value | -11.03 |
|---|---|
| Net Debt | -21.94 |
| Equity Value | 10.91 |
| Shares Outstanding | 195.69 |
| Equity Value Per Share | 0.06 |