Discounted Cash Flow (DCF) Analysis Unlevered

ENGAGE XR Holdings plc (6VR.IR)

0.21 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.76 | 0.21 | overvalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 0.620.721.021.421.872.473.264.305.68
Revenue (%)
EBITDA -0.54-4.69-1.44-2.07-4.81-6.34-8.37-11.05-14.59
EBITDA (%)
EBIT -0.57-4.92-1.93-2.72-5.42-7.16-9.45-12.47-16.46
EBIT (%)
Depreciation 0.040.230.490.650.620.811.071.421.87
Depreciation (%)

Balance Sheet Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash 0.013.491.292.033.544.676.178.1410.75
Total Cash (%)
Account Receivables ---------
Account Receivables (%)
Inventories ---------
Inventories (%)
Accounts Payable -0.030.030.020.050.070.090.120.15
Accounts Payable (%)
Capital Expenditure -0.43-0.75-0.93-0.13-1.27-1.68-2.22-2.93-3.86
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.21
Beta 1.515
Diluted Shares Outstanding 241.75
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.83%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.000
Total Debt 0.06
Total Equity 50.77
Total Capital 50.83
Debt Weighting 0.12
Equity Weighting 99.88
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 0.620.721.021.421.872.473.264.305.68
EBITDA -0.54-4.69-1.44-2.07-4.81-6.34-8.37-11.05-14.59
EBIT -0.57-4.92-1.93-2.72-5.42-7.16-9.45-12.47-16.46
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -0.57-4.92-1.93-2.72-5.42-7.16-9.45-12.47-16.46
Depreciation 0.040.230.490.650.620.811.071.421.87
Accounts Receivable ---------
Inventories ---------
Accounts Payable ---0-00.030.020.020.030.04
Capital Expenditure -0.43-0.75-0.93-0.13-1.27-1.68-2.22-2.93-3.86
UFCF -0.97-5.44-2.37-2.20-6.05-8.01-10.57-13.95-18.41
WACC
PV UFCF -6.05-7.28-8.73-10.48-12.58
SUM PV UFCF -41.02

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.00
Free cash flow (t + 1) -18.78
Terminal Value -234.76
Present Value of Terminal Value -145.77

Intrinsic Value

Enterprise Value -186.79
Net Debt -1.97
Equity Value -184.81
Shares Outstanding 241.75
Equity Value Per Share -0.76