Discounted Cash Flow (DCF) Analysis Levered
111, Inc. (YI)
$1.65
+0.02 (+0.00%)
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 | 285.76 | 632.33 | 1,312.51 | 1,988.14 | 2,162.67 | 3,725.77 | 6,418.63 | 11,057.79 | 19,049.96 | 32,818.59 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -54.88 | -81.63 | -18.68 | -102.71 | -3.70 | -289.69 | -499.07 | -859.78 | -1,481.20 | -2,551.76 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.37 | -3.94 | -4.08 | -10.03 | -5.05 | -18.64 | -32.11 | -55.32 | -95.31 | -164.19 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -57.25 | -85.57 | -22.77 | -112.74 | -8.76 | -308.33 | -531.18 | -915.10 | -1,576.51 | -2,715.95 |
Weighted Average Cost Of Capital
| Share price | $ 1.65 |
|---|---|
| Beta | 0.770 |
| Diluted Shares Outstanding | 83.45 |
| Cost of Debt | |
| Tax Rate | -8.62 |
| After-tax Cost of Debt | 4.81% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.889 |
| Total Debt | 44.71 |
| Total Equity | 137.68 |
| Total Capital | 182.40 |
| Debt Weighting | 24.51 |
| Equity Weighting | 75.49 |
| 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 | 285.76 | 632.33 | 1,312.51 | 1,988.14 | 2,162.67 | 3,725.77 | 6,418.63 | 11,057.79 | 19,049.96 | 32,818.59 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -54.88 | -81.63 | -18.68 | -102.71 | -3.70 | -289.69 | -499.07 | -859.78 | -1,481.20 | -2,551.76 |
| Capital Expenditure | -2.37 | -3.94 | -4.08 | -10.03 | -5.05 | -18.64 | -32.11 | -55.32 | -95.31 | -164.19 |
| Free Cash Flow | -57.25 | -85.57 | -22.77 | -112.74 | -8.76 | -308.33 | -531.18 | -915.10 | -1,576.51 | -2,715.95 |
| WACC | ||||||||||
| PV LFCF | -268.66 | -432.03 | -694.74 | -1,117.22 | -1,796.61 | |||||
| SUM PV LFCF | -4,616.52 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.13 |
| Free cash flow (t + 1) | -2,770.27 |
| Terminal Value | -54,001.32 |
| Present Value of Terminal Value | -38,269.15 |
Intrinsic Value
| Enterprise Value | -42,885.67 |
|---|---|
| Net Debt | -63.07 |
| Equity Value | -42,822.59 |
| Shares Outstanding | 83.45 |
| Equity Value Per Share | -513.18 |