Discounted Cash Flow (DCF) Analysis Unlevered

Data I/O Corporation (DAIO)

$3.33

-0.15 (-4.31%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 3.33 | undervalue

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 34.0529.2221.5720.3325.8324.6123.4422.3221.2620.25
Revenue (%)
EBITDA 5.982.85-0.29-2.760.220.650.620.590.560.54
EBITDA (%)
EBIT 5.161.90-1.16-3.58-0.44-0.15-0.14-0.13-0.13-0.12
EBIT (%)
Depreciation 0.820.950.870.810.670.800.760.730.690.66
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 18.5418.3413.9414.1714.1915.0814.3613.6813.0312.41
Total Cash (%)
Account Receivables 3.773.774.102.4943.483.313.163.012.86
Account Receivables (%)
Inventories 4.175.195.025.276.355.114.864.634.414.20
Inventories (%)
Accounts Payable 1.301.751.151.241.371.311.251.191.131.08
Accounts Payable (%)
Capital Expenditure -2.15-0.91-0.61-0.86-0.62-0.93-0.89-0.84-0.80-0.77
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 3.33
Beta 0.825
Diluted Shares Outstanding 8.33
Cost of Debt
Tax Rate -25.28
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.734
Total Debt 2.28
Total Equity 27.75
Total Capital 30.03
Debt Weighting 7.58
Equity Weighting 92.42
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 34.0529.2221.5720.3325.8324.6123.4422.3221.2620.25
EBITDA 5.982.85-0.29-2.760.220.650.620.590.560.54
EBIT 5.161.90-1.16-3.58-0.44-0.15-0.14-0.13-0.13-0.12
Tax Rate -5.58%15.34%-2.68%-10.82%-25.28%-5.80%-5.80%-5.80%-5.80%-5.80%
EBIAT 5.451.61-1.19-3.96-0.55-0.16-0.15-0.14-0.14-0.13
Depreciation 0.820.950.870.810.670.800.760.730.690.66
Accounts Receivable --0-0.331.60-1.500.520.170.160.150.14
Inventories --1.020.17-0.25-1.081.240.240.230.220.21
Accounts Payable -0.45-0.600.090.13-0.06-0.06-0.06-0.06-0.05
Capital Expenditure -2.15-0.91-0.61-0.86-0.62-0.93-0.89-0.84-0.80-0.77
UFCF 4.121.09-1.70-2.56-2.961.410.070.070.070.06
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 0.06
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -11.91
Equity Value -
Shares Outstanding 8.33
Equity Value Per Share -