Discounted Cash Flow (DCF) Analysis Levered
Veru Inc. (VERU)
$0.8669
-0.08 (-8.31%)
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 | 15.86 | 31.80 | 42.59 | 61.26 | 39.35 | 53.37 | 72.38 | 98.16 | 133.12 | 180.53 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -11.55 | -5.49 | -1.93 | -15.57 | -47.51 | -25.69 | -34.84 | -47.25 | -64.08 | -86.90 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.05 | -0.11 | -0.11 | -0.38 | -0.73 | -0.36 | -0.49 | -0.66 | -0.90 | -1.22 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -11.60 | -5.59 | -2.04 | -15.95 | -48.24 | -26.05 | -35.33 | -47.92 | -64.98 | -88.12 |
Weighted Average Cost Of Capital
| Share price | $ 0.8,669 |
|---|---|
| Beta | -0.103 |
| Diluted Shares Outstanding | 80.12 |
| Cost of Debt | |
| Tax Rate | -0.28 |
| After-tax Cost of Debt | 29.28% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 3.952 |
| Total Debt | 14.92 |
| Total Equity | 69.46 |
| Total Capital | 84.38 |
| Debt Weighting | 17.68 |
| Equity Weighting | 82.32 |
| 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 | 15.86 | 31.80 | 42.59 | 61.26 | 39.35 | 53.37 | 72.38 | 98.16 | 133.12 | 180.53 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -11.55 | -5.49 | -1.93 | -15.57 | -47.51 | -25.69 | -34.84 | -47.25 | -64.08 | -86.90 |
| Capital Expenditure | -0.05 | -0.11 | -0.11 | -0.38 | -0.73 | -0.36 | -0.49 | -0.66 | -0.90 | -1.22 |
| Free Cash Flow | -11.60 | -5.59 | -2.04 | -15.95 | -48.24 | -26.05 | -35.33 | -47.92 | -64.98 | -88.12 |
| WACC | ||||||||||
| PV LFCF | -24.03 | -30.05 | -37.59 | -47.01 | -58.80 | |||||
| SUM PV LFCF | -197.47 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.43 |
| Free cash flow (t + 1) | -89.89 |
| Terminal Value | -1,397.92 |
| Present Value of Terminal Value | -932.69 |
Intrinsic Value
| Enterprise Value | -1,130.16 |
|---|---|
| Net Debt | -65.27 |
| Equity Value | -1,064.89 |
| Shares Outstanding | 80.12 |
| Equity Value Per Share | -13.29 |