Discounted Cash Flow (DCF) Analysis Unlevered

Applied UV, Inc. (AUVI)

$0.82

-0.05 (-5.75%)
All numbers are in Millions, Currency in USD
Stock DCF: 201.54 | 0.82 | undervalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 7.569.335.7319.1733.1857.4499.43172.11297.92
Revenue (%)
EBITDA 0.762.93-3.28-8.38-4.94-8.54-14.79-25.60-44.31
EBITDA (%)
EBIT 0.762.92-3.30-9.02-5.25-9.09-15.73-27.23-47.14
EBIT (%)
Depreciation 0.010.010.020.640.310.540.941.632.82
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 0.791.0311.767.9222.2338.4866.61115.30199.59
Total Cash (%)
Account Receivables 2.082.230.230.995.038.7115.0826.1145.19
Account Receivables (%)
Inventories 0.110.100.161.651.151.993.455.9710.33
Inventories (%)
Accounts Payable 0.981.241.403.245.619.7016.8029.0850.34
Accounts Payable (%)
Capital Expenditure -0-0.01-0.22-0.26-0.44-0.77-1.33-2.30-3.98
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.82
Beta -0.920
Diluted Shares Outstanding 9.11
Cost of Debt
Tax Rate -6.09
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity -0.777
Total Debt -
Total Equity 7.47
Total Capital 7.47
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 7.569.335.7319.1733.1857.4499.43172.11297.92
EBITDA 0.762.93-3.28-8.38-4.94-8.54-14.79-25.60-44.31
EBIT 0.762.92-3.30-9.02-5.25-9.09-15.73-27.23-47.14
Tax Rate 0.00%3.67%-2.02%-6.09%-1.11%-1.11%-1.11%-1.11%-1.11%
EBIAT 0.762.82-3.37-9.56-5.31-9.19-15.91-27.53-47.66
Depreciation 0.010.010.020.640.310.540.941.632.82
Accounts Receivable --0.152-0.75-4.05-3.68-6.37-11.02-19.08
Inventories -0.01-0.06-1.490.50-0.84-1.46-2.52-4.36
Accounts Payable -0.250.161.842.374.107.0912.2821.26
Capital Expenditure -0-0.01-0.22-0.26-0.44-0.77-1.33-2.30-3.98
UFCF 0.762.93-1.47-9.59-6.62-9.83-17.02-29.46-51
WACC
PV UFCF -6.62-9.91-17.29-30.16-52.62
SUM PV UFCF -117.52

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -0.78
Free cash flow (t + 1) -52.02
Terminal Value 1,871.13
Present Value of Terminal Value 1,945.84

Intrinsic Value

Enterprise Value 1,828.32
Net Debt -7.92
Equity Value 1,836.25
Shares Outstanding 9.11
Equity Value Per Share 201.54