Discounted Cash Flow (DCF) Analysis Unlevered

Beamr Imaging Ltd. (BMR)

$1.24

-0.03 (-2.36%)
All numbers are in Millions, Currency in USD
Stock DCF: -97,983,824,140,873,367,552.00 | 1.24 | overvalue

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
2027
Projected
Revenue 45.30674.6110,046.30149,609.782,227,993.4933,179,347.95494,107,875.227,358,269,750.66109,579,580,571.011,631,862,500,968.3324,301,746,805,290.23361,902,364,591,375.815,389,461,199,896,85980,260,022,777,109,7121,195,234,740,034,021,888
Revenue (%)
EBITDA 400.19548.6548,460.80721,679.8010,747,277.86160,048,794.062,383,451,588.3035,494,434,725.43528,584,219,064.107,871,692,528,840.71117,225,488,453,511.981,745,725,597,489,548.5025,997,399,558,192,576387,154,077,800,224,2565,765,510,493,533,484,032
EBITDA (%)
EBIT 155.19294.3019,399.84288,902.954,302,351.7364,070,754.90954,143,662.3914,209,136,912.95211,602,906,112.093,151,197,018,467.1346,927,723,402,512.36698,849,107,446,144.2510,407,282,509,513,896154,985,572,820,783,3282,308,049,941,051,161,088
EBIT (%)
Depreciation 245254.3429,060.97432,776.846,444,926.1395,978,039.161,429,307,925.9021,285,297,812.48316,981,312,9524,720,495,510,373.5870,297,765,050,999.631,046,876,490,043,404.2515,590,117,048,678,682232,168,504,979,440,9283,457,460,552,482,322,944
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
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 54.27105.286,801.94101,294.661,508,483.2222,464,378.80334,540,223.424,981,983,347.7874,191,850,008.191,104,867,323,592.1116,453,718,334,382.74245,029,282,020,061.473,648,983,641,697,863.5054,340,777,182,248,944809,244,533,471,474,048
Total Cash (%)
Account Receivables 8.4214.631,042.7215,528.16231,245.853,443,720.3651,283,990.01763,722,764.3511,373,383,013.41169,372,771,3872,522,304,546,807.6237,562,237,275,492.66559,377,998,555,390.948,330,274,444,860,817124,054,704,521,650,384
Account Receivables (%)
Inventories ---------------
Inventories (%)
Accounts Payable 314.38381.2837,699.78561,426.328,360,778.09124,508,965.771,854,191,366.8627,612,675,148.40411,208,811,817.756,123,734,336,054.2591,194,841,017,148.191,358,076,391,259,906.7520,224,515,596,783,788301,184,111,407,081,2164,485,243,096,675,138,048
Accounts Payable (%)
Capital Expenditure -252.13-414.45-31,043.58-462,301.92-6,884,614.41-102,525,890.58-1,526,818,731.58-22,737,431,744.62-338,606,536,354.86-5,042,539,005,724.68-75,093,646,738,132.59-1,118,296,908,368,891.25-16,653,712,125,986,968-248,007,595,746,439,744-3,693,336,781,770,765,312
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 1.24
Beta 0.000
Diluted Shares Outstanding 2.58
Cost of Debt
Tax Rate -4.35
After-tax Cost of Debt -23.01%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.542
Total Debt 0.72
Total Equity 3.20
Total Capital 3.91
Debt Weighting 18.32
Equity Weighting 81.68
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
2027
Projected
Revenue 45.30674.6110,046.30149,609.782,227,993.4933,179,347.95494,107,875.227,358,269,750.66109,579,580,571.011,631,862,500,968.3324,301,746,805,290.23361,902,364,591,375.815,389,461,199,896,85980,260,022,777,109,7121,195,234,740,034,021,888
EBITDA 400.19548.6548,460.80721,679.8010,747,277.86160,048,794.062,383,451,588.3035,494,434,725.43528,584,219,064.107,871,692,528,840.71117,225,488,453,511.981,745,725,597,489,548.5025,997,399,558,192,576387,154,077,800,224,2565,765,510,493,533,484,032
EBIT 155.19294.3019,399.84288,902.954,302,351.7364,070,754.90954,143,662.3914,209,136,912.95211,602,906,112.093,151,197,018,467.1346,927,723,402,512.36698,849,107,446,144.2510,407,282,509,513,896154,985,572,820,783,3282,308,049,941,051,161,088
Tax Rate -0.54%1.21%-2.69%-2.69%-2.69%-2.69%-2.69%-4.02%-5.78%-4.35%-2.69%-2.69%-2.69%-2.69%-2.69%
EBIAT 156.02290.7319,922.43296,685.514,418,249.8065,796,712.57979,846,677.3214,780,147,068.08223,828,851,798.573,288,205,584,487.4448,191,876,823,447.66717,674,919,265,695.1310,687,637,081,036,490159,160,621,765,657,6322,370,224,898,988,992,000
Depreciation 245254.3429,060.97432,776.846,444,926.1395,978,039.161,429,307,925.9021,285,297,812.48316,981,312,9524,720,495,510,373.5870,297,765,050,999.631,046,876,490,043,404.2515,590,117,048,678,682232,168,504,979,440,9283,457,460,552,482,322,944
Accounts Receivable --6.21-1,028.09-14,485.44-215,717.69-3,212,474.51-47,840,269.65-712,438,774.35-10,609,660,249.06-157,999,388,373.59-2,352,931,775,420.62-35,039,932,728,685.04-521,815,761,279,898.31-7,770,896,446,305,425-115,724,430,076,789,568
Inventories ---------------
Accounts Payable -66.9037,318.50523,726.547,799,351.77116,148,187.681,729,682,401.0925,758,483,781.53383,596,136,669.355,712,525,524,236.5085,071,106,681,093.951,266,881,550,242,758.5018,866,439,205,523,880280,959,595,810,297,4724,184,058,985,268,056,576
Capital Expenditure -252.13-414.45-31,043.58-462,301.92-6,884,614.41-102,525,890.58-1,526,818,731.58-0.01-0-0-75,093,646,738,132.59-1,118,296,908,368,891.25-16,653,712,125,986,968-248,007,595,746,439,744-3,693,336,781,770,765,312
UFCF 148.90191.3154,230.24776,401.5311,562,195.60172,184,574.332,564,178,003.0938,374,058,143.13575,190,104,815.998,520,688,224,999.26126,114,170,041,988.061,878,096,118,454,28227,968,665,447,972,192416,510,230,362,650,8806,202,683,224,891,815,936
WACC
PV UFCF 53,689.30772,519.5211,562,195.60173,049,823.442,590,013,386.6238,955,473,453.87586,839,155,097.488,736,938,342,882.91129,964,697,913,434.091,945,164,119,131,329.7529,113,009,233,293,152435,730,485,814,388,9286,521,519,460,479,593,472
SUM PV UFCF 6,815,465,528,026,222,592

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -0.50
Free cash flow (t + 1) 6,326,736,889,389,651,968
Terminal Value -253,069,475,575,586,062,336
Present Value of Terminal Value -259,492,231,869,544,824,832

Intrinsic Value

Enterprise Value -252,676,766,341,518,622,720
Net Debt 0.02
Equity Value -252,676,766,341,518,622,720
Shares Outstanding 2.58
Equity Value Per Share -97,983,824,140,873,367,552.00