Discounted Cash Flow (DCF) Analysis Unlevered

Condor Energies Inc. (CPI.TO)

$0.37

0.00 (-%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.20 | 0.37 | overvalue

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 5.6517.495.172.780.880.9411.061.121.19
Revenue (%)
EBITDA -65.501.51-1.805.86-7.96-3.52-3.73-3.96-4.21-4.47
EBITDA (%)
EBIT -68.34-8.69-8.61-1.97-9.11-4.74-5.03-5.34-5.67-6.02
EBIT (%)
Depreciation 2.8410.206.817.831.151.221.301.381.461.55
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 3.911.692.9412.314.622.072.192.332.472.62
Total Cash (%)
Account Receivables 4.392.433.900.390.240.390.410.440.470.50
Account Receivables (%)
Inventories 0.380.550.340.160.070.060.060.060.070.07
Inventories (%)
Accounts Payable ----------
Accounts Payable (%)
Capital Expenditure -19.27-5.82-0.15-0.19-0.09-0.74-0.78-0.83-0.88-0.94
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.37
Beta 2.872
Diluted Shares Outstanding 107.49
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 17.087
Total Debt -
Total Equity 39.77
Total Capital 39.77
Debt Weighting 0.00
Equity Weighting 100.00
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 5.6517.495.172.780.880.9411.061.121.19
EBITDA -65.501.51-1.805.86-7.96-3.52-3.73-3.96-4.21-4.47
EBIT -68.34-8.69-8.61-1.97-9.11-4.74-5.03-5.34-5.67-6.02
Tax Rate 4.79%-32.50%27.18%86.27%0.00%17.15%17.15%17.15%17.15%17.15%
EBIAT -65.06-11.51-6.27-0.27-9.11-3.93-4.17-4.43-4.70-4.99
Depreciation 2.8410.206.817.831.151.221.301.381.461.55
Accounts Receivable -1.96-1.473.510.16-0.15-0.02-0.03-0.03-0.03
Inventories --0.170.210.180.100.01-0-0-0-0
Accounts Payable ----------
Capital Expenditure -19.27-5.82-0.15-0.19-0.09-0.74-0.78-0.83-0.88-0.94
UFCF -81.49-5.34-0.8711.06-7.80-3.58-3.68-3.91-4.15-4.40
WACC
PV UFCF -3.06-2.69-2.43-2.21-2
SUM PV UFCF -12.39

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 17.09
Free cash flow (t + 1) -4.49
Terminal Value -29.77
Present Value of Terminal Value -13.53

Intrinsic Value

Enterprise Value -25.92
Net Debt -4.62
Equity Value -21.29
Shares Outstanding 107.49
Equity Value Per Share -0.20