Discounted Cash Flow (DCF) Analysis Levered
ASAP, Inc. (WTRH)
$0.0931
-0.01 (-5.96%)
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 | 69.27 | 191.68 | 204.33 | 182.19 | 111.80 | 149.21 | 199.13 | 265.75 | 354.66 | 473.32 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -15.84 | -73.48 | 38.44 | -2.34 | -28.72 | -20.70 | -27.62 | -36.86 | -49.20 | -65.66 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -3.76 | -3.44 | -5.54 | -12.52 | -0.28 | -5.09 | -6.80 | -9.07 | -12.10 | -16.15 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -19.60 | -76.92 | 32.91 | -14.87 | -29 | -25.79 | -34.42 | -45.93 | -61.30 | -81.81 |
Weighted Average Cost Of Capital
| Share price | $ 0.0,931 |
|---|---|
| Beta | 0.560 |
| Diluted Shares Outstanding | 8.99 |
| Cost of Debt | |
| Tax Rate | -0.04 |
| After-tax Cost of Debt | 9.62% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.200 |
| Total Debt | 58.90 |
| Total Equity | 0.84 |
| Total Capital | 59.73 |
| Debt Weighting | 98.60 |
| Equity Weighting | 1.40 |
| 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 | 69.27 | 191.68 | 204.33 | 182.19 | 111.80 | 149.21 | 199.13 | 265.75 | 354.66 | 473.32 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -15.84 | -73.48 | 38.44 | -2.34 | -28.72 | -20.70 | -27.62 | -36.86 | -49.20 | -65.66 |
| Capital Expenditure | -3.76 | -3.44 | -5.54 | -12.52 | -0.28 | -5.09 | -6.80 | -9.07 | -12.10 | -16.15 |
| Free Cash Flow | -19.60 | -76.92 | 32.91 | -14.87 | -29 | -25.79 | -34.42 | -45.93 | -61.30 | -81.81 |
| WACC | ||||||||||
| PV LFCF | -21.47 | -26.15 | -31.84 | -38.78 | -47.22 | |||||
| SUM PV LFCF | -181.34 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.59 |
| Free cash flow (t + 1) | -83.44 |
| Terminal Value | -1,099.40 |
| Present Value of Terminal Value | -695.51 |
Intrinsic Value
| Enterprise Value | -876.85 |
|---|---|
| Net Debt | 46.83 |
| Equity Value | -923.67 |
| Shares Outstanding | 8.99 |
| Equity Value Per Share | -102.73 |