Discounted Cash Flow (DCF) Analysis Unlevered
Camber Energy, Inc. (CEI)
$1.99
-0.11 (-5.24%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 5.30 | 6.86 | 2.74 | 0.40 | 0.40 | 0.29 | 0.20 | 0.14 | 0.10 | 0.07 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | -83.27 | -17.27 | 19.56 | -3.82 | -167.68 | -25.07 | -17.85 | -12.71 | -9.05 | -6.45 |
| EBITDA (%) | ||||||||||
| EBIT | -85.97 | -18.75 | 19.08 | -3.84 | -167.78 | -25.14 | -17.90 | -12.75 | -9.08 | -6.47 |
| EBIT (%) | ||||||||||
| Depreciation | 2.70 | 1.48 | 0.48 | 0.02 | 0.10 | 0.07 | 0.05 | 0.03 | 0.02 | 0.02 |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Total Cash | 0.71 | 0.76 | 7.78 | 0.66 | 5.85 | 1.10 | 0.79 | 0.56 | 0.40 | 0.28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 1.22 | 0.65 | 0.13 | 0.26 | 0.02 | 0.06 | 0.04 | 0.03 | 0.02 | 0.02 |
| Account Receivables (%) | ||||||||||
| Inventories | 0.20 | 0.26 | 0.10 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| Inventories (%) | ||||||||||
| Accounts Payable | 3.09 | 2.97 | 1.52 | 1.47 | 1.45 | 0.51 | 0.36 | 0.26 | 0.18 | 0.13 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | -3.79 | -2.05 | -2.10 | -0.24 | -0.24 | -0.17 | -0.12 | -0.09 | -0.06 | -0.04 |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 1.99 |
|---|---|
| Beta | -1.232 |
| Diluted Shares Outstanding | 2.48 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 9.21% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | -2.284 |
| Total Debt | 21.50 |
| Total Equity | 4.94 |
| Total Capital | 26.44 |
| Debt Weighting | 81.32 |
| Equity Weighting | 18.68 |
| Wacc |
Build Up Free Cash
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 5.30 | 6.86 | 2.74 | 0.40 | 0.40 | 0.29 | 0.20 | 0.14 | 0.10 | 0.07 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -83.27 | -17.27 | 19.56 | -3.82 | -167.68 | -25.07 | -17.85 | -12.71 | -9.05 | -6.45 |
| EBIT | -85.97 | -18.75 | 19.08 | -3.84 | -167.78 | -25.14 | -17.90 | -12.75 | -9.08 | -6.47 |
| Tax Rate | 0.02% | 0.00% | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| EBIAT | -85.96 | -18.75 | 19.08 | -3.84 | -167.78 | -25.13 | -17.90 | -12.75 | -9.08 | -6.47 |
| Depreciation | 2.70 | 1.48 | 0.48 | 0.02 | 0.10 | 0.07 | 0.05 | 0.03 | 0.02 | 0.02 |
| Accounts Receivable | - | 0.57 | 0.52 | -0.13 | 0.23 | -0.04 | 0.02 | 0.01 | 0.01 | 0.01 |
| Inventories | - | -0.06 | 0.16 | 0.09 | -0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | - | -0.12 | -1.45 | -0.05 | -0.02 | -0.94 | -0.15 | -0.10 | -0.07 | -0.05 |
| Capital Expenditure | -3.79 | -2.05 | -2.10 | -0.24 | -4.10 | -0.17 | -0.12 | -0.09 | -0.06 | -0.04 |
| UFCF | -87.05 | -18.93 | 16.69 | -4.14 | -167.72 | -26.21 | -18.10 | -12.89 | -9.18 | -6.54 |
| WACC | ||||||||||
| PV UFCF | -24.48 | -15.79 | -10.50 | -6.99 | -4.65 | |||||
| SUM PV UFCF | -62.41 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.06 |
| Free cash flow (t + 1) | -6.67 |
| Terminal Value | -131.77 |
| Present Value of Terminal Value | -93.69 |
Intrinsic Value
| Enterprise Value | -156.10 |
|---|---|
| Net Debt | 15.65 |
| Equity Value | -171.74 |
| Shares Outstanding | 2.48 |
| Equity Value Per Share | -69.21 |