Discounted Cash Flow (DCF) Analysis Levered
Americas Gold and Silver Corporatio... (USAS)
$0.66
+0.01 (+1.43%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 54.28 | 68.35 | 58.41 | 27.88 | 44.80 | 47.02 | 49.35 | 51.79 | 54.36 | 57.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1.58 | 9.01 | 14.14 | -18.92 | -50.94 | -13.29 | -13.94 | -14.63 | -15.36 | -16.12 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -14.28 | -16.93 | -13.80 | -11.57 | -12.65 | -13.58 | -14.26 | -14.96 | -15.70 | -16.48 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -12.71 | -7.92 | 0.34 | -30.49 | -63.59 | -26.87 | -28.20 | -29.59 | -31.06 | -32.60 |
Weighted Average Cost Of Capital
| Share price | $ 0.66 |
|---|---|
| Beta | 1.218 |
| Diluted Shares Outstanding | 141.89 |
| Cost of Debt | |
| Tax Rate | 2.78 |
| After-tax Cost of Debt | 24.14% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.265 |
| Total Debt | 19.61 |
| Total Equity | 93.65 |
| Total Capital | 113.26 |
| Debt Weighting | 17.32 |
| Equity Weighting | 82.68 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 54.28 | 68.35 | 58.41 | 27.88 | 44.80 | 47.02 | 49.35 | 51.79 | 54.36 | 57.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.58 | 9.01 | 14.14 | -18.92 | -50.94 | -13.29 | -13.94 | -14.63 | -15.36 | -16.12 |
| Capital Expenditure | -14.28 | -16.93 | -13.80 | -11.57 | -12.65 | -13.58 | -14.26 | -14.96 | -15.70 | -16.48 |
| Free Cash Flow | -12.71 | -7.92 | 0.34 | -30.49 | -63.59 | -26.87 | -28.20 | -29.59 | -31.06 | -32.60 |
| WACC | ||||||||||
| PV LFCF | -13.73 | -12.88 | -12.09 | -11.35 | -10.65 | |||||
| SUM PV LFCF | -106.21 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.84 |
| Free cash flow (t + 1) | -33.25 |
| Terminal Value | -337.90 |
| Present Value of Terminal Value | -193.11 |
Intrinsic Value
| Enterprise Value | -299.32 |
|---|---|
| Net Debt | 16.71 |
| Equity Value | -316.03 |
| Shares Outstanding | 141.89 |
| Equity Value Per Share | -2.23 |