Discounted Cash Flow (DCF) Analysis Levered
Energous Corporation (WATT)
$1.64
-0.03 (-1.80%)
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 | 0.51 | 0.20 | 0.33 | 0.76 | 0.85 | 1.16 | 1.59 | 2.17 | 2.96 | 4.04 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -32.53 | -26.62 | -24.79 | -28.72 | -23.64 | -78.49 | -107.16 | -146.30 | -199.74 | -272.70 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -0.86 | -0.20 | -0.14 | -0.37 | -0.16 | -0.87 | -1.19 | -1.62 | -2.22 | -3.02 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -33.39 | -26.82 | -24.93 | -29.09 | -23.80 | -79.36 | -108.35 | -147.92 | -201.96 | -275.73 |
Weighted Average Cost Of Capital
Share price | $ 1.64 |
---|---|
Beta | 2.598 |
Diluted Shares Outstanding | 77.49 |
Cost of Debt | |
Tax Rate | 1.56 |
After-tax Cost of Debt | -20.54% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 16.859 |
Total Debt | 1.97 |
Total Equity | 127.08 |
Total Capital | 129.05 |
Debt Weighting | 1.53 |
Equity Weighting | 98.47 |
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 | 0.51 | 0.20 | 0.33 | 0.76 | 0.85 | 1.16 | 1.59 | 2.17 | 2.96 | 4.04 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -32.53 | -26.62 | -24.79 | -28.72 | -23.64 | -78.49 | -107.16 | -146.30 | -199.74 | -272.70 |
Capital Expenditure | -0.86 | -0.20 | -0.14 | -0.37 | -0.16 | -0.87 | -1.19 | -1.62 | -2.22 | -3.02 |
Free Cash Flow | -33.39 | -26.82 | -24.93 | -29.09 | -23.80 | -79.36 | -108.35 | -147.92 | -201.96 | -275.73 |
WACC | ||||||||||
PV LFCF | -68.24 | -80.12 | -94.06 | -110.43 | -129.65 | |||||
SUM PV LFCF | -482.50 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 16.29 |
Free cash flow (t + 1) | -281.24 |
Terminal Value | -1,968.10 |
Present Value of Terminal Value | -925.41 |
Intrinsic Value
Enterprise Value | -1,407.91 |
---|---|
Net Debt | -24.32 |
Equity Value | -1,383.59 |
Shares Outstanding | 77.49 |
Equity Value Per Share | -17.86 |