Discounted Cash Flow (DCF) Analysis Levered
Wearable Devices Ltd. (WLDS)
$0.76
-0.06 (-7.73%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.24 | 0.06 | 0.14 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||
| Operating Cash Flow | -0.48 | -1.09 | -2.10 | -5.71 | -1.86 | -1.89 | -1.91 | -1.94 | -1.97 |
| Operating Cash Flow (%) | |||||||||
| Capital Expenditure | -0 | -0.02 | -0.04 | -0.05 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 |
| Capital Expenditure (%) | |||||||||
| Free Cash Flow | -0.48 | -1.10 | -2.14 | -5.76 | -1.88 | -1.90 | -1.93 | -1.96 | -1.99 |
Weighted Average Cost Of Capital
| Share price | $ 0.76 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 15.01 |
| Cost of Debt | |
| Tax Rate | -1.17 |
| After-tax Cost of Debt | -23.46% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.634 |
| Total Debt | 0.16 |
| Total Equity | 11.40 |
| Total Capital | 11.57 |
| Debt Weighting | 1.40 |
| Equity Weighting | 98.60 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.24 | 0.06 | 0.14 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.48 | -1.09 | -2.10 | -5.71 | -1.86 | -1.89 | -1.91 | -1.94 | -1.97 |
| Capital Expenditure | -0 | -0.02 | -0.04 | -0.05 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 |
| Free Cash Flow | -0.48 | -1.10 | -2.14 | -5.76 | -1.88 | -1.90 | -1.93 | -1.96 | -1.99 |
| WACC | |||||||||
| PV LFCF | -1.88 | -1.83 | -1.78 | -1.73 | -1.68 | ||||
| SUM PV LFCF | -8.54 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.24 |
| Free cash flow (t + 1) | -2.03 |
| Terminal Value | -90.58 |
| Present Value of Terminal Value | -73.59 |
Intrinsic Value
| Enterprise Value | -82.13 |
|---|---|
| Net Debt | -10.21 |
| Equity Value | -71.92 |
| Shares Outstanding | 15.01 |
| Equity Value Per Share | -4.79 |