Discounted Cash Flow (DCF) Analysis Unlevered

Beamr Imaging Ltd. (BMR)

$4.04

-0.92 (-18.55%)
All numbers are in Millions, Currency in USD
Stock DCF: 10,090,813,153,636,392,960.00 | 4.04 | undervalue

Operating Data

Year
A/P
2013
Actual
2014
Actual
2015
Projected
2016
Projected
2017
Projected
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 45.30674.6110,046.30149,609.782,227,993.4933,179,347.95494,107,875.227,358,269,750.66109,579,580,571.011,631,862,500,968.3324,301,746,805,290.23361,902,364,591,375.815,389,461,199,896,85980,260,022,777,109,712
Revenue (%)
EBITDA 400.19548.6548,460.80721,679.8010,747,277.86160,048,794.062,383,451,588.3035,494,434,725.43528,584,219,064.107,871,692,528,840.71117,225,488,453,511.981,745,725,597,489,548.5025,997,399,558,192,576387,154,077,800,224,256
EBITDA (%)
EBIT 155.19294.3019,399.84288,902.954,302,351.7364,070,754.90954,143,662.3914,209,136,912.95211,602,906,112.093,151,197,018,467.1346,927,723,402,512.36698,849,107,446,144.2510,407,282,509,513,896154,985,572,820,783,328
EBIT (%)
Depreciation 245254.3429,060.97432,776.846,444,926.1395,978,039.161,429,307,925.9021,285,297,812.48316,981,312,9524,720,495,510,373.5870,297,765,050,999.631,046,876,490,043,404.2515,590,117,048,678,682232,168,504,979,440,928
Depreciation (%)

Balance Sheet Data

Year
A/P
2013
Actual
2014
Actual
2015
Projected
2016
Projected
2017
Projected
2018
Projected
2019
Projected
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 54.27105.286,801.94101,294.661,508,483.2222,464,378.80334,540,223.424,981,983,347.7874,191,850,008.191,104,867,323,592.1116,453,718,334,382.74245,029,282,020,061.473,648,983,641,697,863.5054,340,777,182,248,944
Total Cash (%)
Account Receivables 8.4214.631,042.7215,528.16231,245.853,443,720.3651,283,990.01763,722,764.3511,373,383,013.41169,372,771,3872,522,304,546,807.6237,562,237,275,492.66559,377,998,555,390.948,330,274,444,860,817
Account Receivables (%)
Inventories --------------
Inventories (%)
Accounts Payable 314.38381.2837,699.78561,426.328,360,778.09124,508,965.771,854,191,366.8627,612,675,148.40411,208,811,817.756,123,734,336,054.2591,194,841,017,148.191,358,076,391,259,906.7520,224,515,596,783,788301,184,111,407,081,216
Accounts Payable (%)
Capital Expenditure --------------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 4.04
Beta 0.000
Diluted Shares Outstanding 2.58
Cost of Debt
Tax Rate -5.78
After-tax Cost of Debt 11.61%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.810
Total Debt 0.51
Total Equity 10.42
Total Capital 10.93
Debt Weighting 4.65
Equity Weighting 95.35
Wacc

Build Up Free Cash

Year
A/P
2013
Actual
2014
Actual
2015
Projected
2016
Projected
2017
Projected
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 45.30674.6110,046.30149,609.782,227,993.4933,179,347.95494,107,875.227,358,269,750.66109,579,580,571.011,631,862,500,968.3324,301,746,805,290.23361,902,364,591,375.815,389,461,199,896,85980,260,022,777,109,712
EBITDA 400.19548.6548,460.80721,679.8010,747,277.86160,048,794.062,383,451,588.3035,494,434,725.43528,584,219,064.107,871,692,528,840.71117,225,488,453,511.981,745,725,597,489,548.5025,997,399,558,192,576387,154,077,800,224,256
EBIT 155.19294.3019,399.84288,902.954,302,351.7364,070,754.90954,143,662.3914,209,136,912.95211,602,906,112.093,151,197,018,467.1346,927,723,402,512.36698,849,107,446,144.2510,407,282,509,513,896154,985,572,820,783,328
Tax Rate -0.54%1.21%-2.28%-2.28%-2.28%-2.28%-2.28%-4.02%-5.78%-2.28%-2.28%-2.28%-2.28%-2.28%
EBIAT 156.02290.7319,842.22295,490.904,400,459.6265,531,780.73975,901,304.2814,780,147,068.08223,828,851,798.573,223,054,767,931.1947,997,831,228,654.19714,785,186,270,081.3810,644,603,087,944,162158,519,758,210,345,952
Depreciation 245254.3429,060.97432,776.846,444,926.1395,978,039.161,429,307,925.9021,285,297,812.48316,981,312,9524,720,495,510,373.5870,297,765,050,999.631,046,876,490,043,404.2515,590,117,048,678,682232,168,504,979,440,928
Accounts Receivable --6.21-1,028.09-14,485.44-215,717.69-3,212,474.51-47,840,269.65-712,438,774.35-10,609,660,249.06-157,999,388,373.59-2,352,931,775,420.62-35,039,932,728,685.04-521,815,761,279,898.31-7,770,896,446,305,425
Inventories --------------
Accounts Payable -66.9037,318.50523,726.547,799,351.77116,148,187.681,729,682,401.0925,758,483,781.53383,596,136,669.355,712,525,524,236.5085,071,106,681,093.951,266,881,550,242,758.5018,866,439,205,523,880280,959,595,810,297,472
Capital Expenditure --------0.01-0-----
UFCF 401.02605.7685,193.601,237,508.8418,429,019.84274,445,533.074,087,051,361.6361,111,489,887.75913,796,641,170.8613,498,076,414,167.69201,013,771,185,327.192,993,503,293,827,55944,579,343,580,866,824663,876,962,553,778,944
WACC
PV UFCF 92,446.891,289,112.9518,429,019.84263,459,281.053,766,385,482.3554,062,344,966.13776,030,697,020.7711,004,202,193,193.29157,314,888,356,459.912,248,956,686,193,33732,150,842,359,645,148459,624,976,675,024,320
SUM PV UFCF 581,925,421,071,859,712

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.17
Free cash flow (t + 1) 677,154,501,804,854,400
Terminal Value 31,205,276,580,868,870,144
Present Value of Terminal Value 25,439,859,906,999,525,376

Intrinsic Value

Enterprise Value 26,021,785,328,071,380,992
Net Debt -0.52
Equity Value 26,021,785,328,071,380,992
Shares Outstanding 2.58
Equity Value Per Share 10,090,813,153,636,392,960.00