Discounted Cash Flow (DCF) Analysis Unlevered

Digital Brands Group, Inc. (DBGI)

$3.05

+0.06 (+2.01%)
All numbers are in Millions, Currency in USD
Stock DCF: -1,092.66 | 3.05 | overvalue

Operating Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 3.035.247.5812.0419.1130.3348.1476.41
Revenue (%)
EBITDA -4.83-8.51-26.37-26.86-42.64-67.67-107.41-170.49
EBITDA (%)
EBIT -4.88-9.12-27.59-28.04-44.50-70.63-112.10-177.93
EBIT (%)
Depreciation 0.050.601.221.171.862.964.697.44
Depreciation (%)

Balance Sheet Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 0.040.580.530.771.231.953.104.91
Total Cash (%)
Account Receivables -0.250.090.350.560.891.412.24
Account Receivables (%)
Inventories 1.061.162.763.755.969.4615.0123.82
Inventories (%)
Accounts Payable 1.605.676.569.9315.7625.0139.6963
Accounts Payable (%)
Capital Expenditure -0.01-0-0.04-0.03-0.05-0.09-0.14-0.22
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 3.05
Beta 0.000
Diluted Shares Outstanding 0.10
Cost of Debt
Tax Rate -3.52
After-tax Cost of Debt 61.05%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.532
Total Debt 6
Total Equity 0.32
Total Capital 6.32
Debt Weighting 94.94
Equity Weighting 5.06
Wacc

Build Up Free Cash

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 3.035.247.5812.0419.1130.3348.1476.41
EBITDA -4.83-8.51-26.37-26.86-42.64-67.67-107.41-170.49
EBIT -4.88-9.12-27.59-28.04-44.50-70.63-112.10-177.93
Tax Rate -0.01%-0.13%-3.52%-1.22%-1.22%-1.22%-1.22%-1.22%
EBIAT -4.88-9.13-28.57-28.38-45.04-71.49-113.47-180.10
Depreciation 0.050.601.221.171.862.964.697.44
Accounts Receivable --0.16-0.26-0.21-0.33-0.52-0.83
Inventories --0.10-1.59-1-2.20-3.50-5.55-8.81
Accounts Payable -4.070.893.365.839.2514.6923.31
Capital Expenditure -0.01-0-0.04-0.03-0.05-0.09-0.14-0.22
UFCF -4.84-4.55-27.93-25.14-39.82-63.20-100.30-159.21
WACC
PV UFCF -39.75-39.82-39.96-40.11-40.26
SUM PV UFCF -79.93

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 58.14
Free cash flow (t + 1) -162.39
Terminal Value -289.26
Present Value of Terminal Value -29.25

Intrinsic Value

Enterprise Value -109.18
Net Debt 5.47
Equity Value -114.65
Shares Outstanding 0.10
Equity Value Per Share -1,092.66