Discounted Cash Flow (DCF) Analysis Unlevered

AmpliTech Group, Inc. (AMPGW)

$ 1.5999
+0.28 (+21.20%)
All numbers are in Millions, Currency in USD
Stock DCF: Infinity | 1.5999 | undervalue

Operating Data

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 2.041.382.403.123.464.175.036.077.328.82
Revenue (%)
EBITDA 0.49-0.060.380.21-0.820.150.180.220.260.32
EBITDA (%)
EBIT 0.46-0.090.340.08-0.920.050.060.080.090.11
EBIT (%)
Depreciation 0.030.030.040.130.090.100.120.140.170.21
Depreciation (%)

Balance Sheet Data

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash 0.280.120.440.570.200.540.650.790.951.15
Total Cash (%)
Account Receivables 0.150.140.260.620.360.490.590.710.851.03
Account Receivables (%)
Inventories 0.270.340.390.560.520.720.871.051.271.53
Inventories (%)
Accounts Payable 0.130.060.130.170.190.220.270.330.390.47
Accounts Payable (%)
Capital Expenditure -0.01-0.01-0.01-0.01-0.02-0.02-0.02-0.03-0.04-0.04
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 1.5,999
Beta 0.869
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 341.64%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.939
Total Debt 0.03
Total Equity -
Total Capital 0.03
Debt Weighting 100.00
Equity Weighting 0.00
Wacc

Build Up Free Cash

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 2.041.382.403.123.464.175.036.077.328.82
EBITDA 0.49-0.060.380.21-0.820.150.180.220.260.32
EBIT 0.46-0.090.340.08-0.920.050.060.080.090.11
Tax Rate 9.01%0.00%0.00%0.00%0.00%1.80%1.80%1.80%1.80%1.80%
EBIAT 0.42-0.090.340.08-0.920.050.060.070.090.11
Depreciation 0.030.030.040.130.090.100.120.140.170.21
Accounts Receivable -0.01-0.12-0.360.26-0.13-0.10-0.12-0.15-0.18
Inventories --0.07-0.06-0.170.04-0.20-0.15-0.18-0.22-0.26
Accounts Payable --0.080.070.040.020.040.050.060.070.08
Capital Expenditure -0.01-0.01-0.01-0.01-0.02-0.02-0.02-0.03-0.04-0.04
UFCF 0.43-0.210.26-0.29-0.52-0.17-0.05-0.06-0.07-0.08
WACC
PV UFCF -0.04-0-0-0-0
SUM PV UFCF -0.04

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 341.64
Free cash flow (t + 1) -0.08
Terminal Value -0.02
Present Value of Terminal Value -0

Intrinsic Value

Enterprise Value -0.04
Net Debt -0.17
Equity Value 0.13
Shares Outstanding -
Equity Value Per Share Infinity