Discounted Cash Flow (DCF) Analysis Unlevered

ClearSign Technologies Corporation (CLIR)

$0.918

+0.05 (+5.47%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 0.918 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 0.540.530.520.510.500.490.480.470.460.46
Revenue (%)
EBITDA -9.38-9.23-8.34-6.72-7.63-7.79-7.65-7.51-7.37-7.23
EBITDA (%)
EBIT -9.68-9.50-8.58-6.93-7.89-8.03-7.89-7.74-7.60-7.46
EBIT (%)
Depreciation 0.300.270.240.210.260.240.240.230.230.22
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 1.2515.878.558.827.617.987.847.697.557.41
Total Cash (%)
Account Receivables 0.180.040.040.080.080.080.080.080.080.07
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable ---0.430.430.420.410.400.400.39
Accounts Payable (%)
Capital Expenditure -0.42-0.50-0.42-0.19-0.36-0.36-0.35-0.34-0.34-0.33
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.918
Beta 0.897
Diluted Shares Outstanding 27.84
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.039
Total Debt 0.56
Total Equity 25.55
Total Capital 26.11
Debt Weighting 2.13
Equity Weighting 97.87
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 0.540.530.520.510.500.490.480.470.460.46
EBITDA -9.38-9.23-8.34-6.72-7.63-7.79-7.65-7.51-7.37-7.23
EBIT -9.68-9.50-8.58-6.93-7.89-8.03-7.89-7.74-7.60-7.46
Tax Rate 0.00%0.00%0.04%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
EBIAT -9.68-9.50-8.58-6.93-7.89-8.03-7.88-7.74-7.60-7.45
Depreciation 0.300.270.240.210.260.240.240.230.230.22
Accounts Receivable -0.140-0.04000000
Inventories ----------
Accounts Payable -----0.01-0.01-0.01-0.01-0.01-0.01
Capital Expenditure -0.42-0.50-0.42-0.19-0.36-0.36-0.35-0.34-0.34-0.33
UFCF -9.80-9.59-8.76-6.96-8-8.16-8.01-7.86-7.71-7.57
WACC
PV UFCF ---8-----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -7.72
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -7.05
Equity Value -
Shares Outstanding 27.84
Equity Value Per Share -