Discounted Cash Flow (DCF) Analysis Unlevered

Dividend Growth Split Corp. (DGS.TO)

$6.32

-0.07 (-1.10%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 6.32 | 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 51.54-77.65110.33-15.36135.03-400.311,186.78-3,518.3910,430.77-30,923.55
Revenue (%)
EBITDA 45.92-79.07108.99-15.94129.73-391.971,162.04-3,445.0310,213.30-30,278.83
EBITDA (%)
EBIT ------391.971,162.04-3,445.0310,213.30-30,278.83
EBIT (%)
Depreciation ----------
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 638.65505.211.234.752.46-448.881,330.77-3,945.2711,696.32-34,675.46
Total Cash (%)
Account Receivables 2.662.741.841.672.934.31-12.7937.92-112.41333.24
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 9.758.195.011.476.75-6.6919.82-58.77174.24-516.55
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 6.32
Beta 2.395
Diluted Shares Outstanding 34.46
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 14.836
Total Debt -
Total Equity 217.76
Total Capital -
Debt Weighting -
Equity Weighting -
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 51.54-77.65110.33-15.36135.03-400.311,186.78-3,518.3910,430.77-30,923.55
EBITDA 45.92-79.07108.99-15.94129.73-391.971,162.04-3,445.0310,213.30-30,278.83
EBIT ------391.971,162.04-3,445.0310,213.30-30,278.83
Tax Rate 0.00%0.00%0.00%-0.01%0.00%-0.00%-0.00%-0.00%-0.00%-0.00%
EBIAT ------391.971,162.05-3,445.0710,213.41-30,279.14
Depreciation ----------
Accounts Receivable --0.080.900.18-1.26-1.3817.10-50.70150.32-445.65
Inventories ----------
Accounts Payable --1.56-3.18-3.545.28-13.4426.51-78.60233.01-690.78
Capital Expenditure ----------
UFCF ------406.791,205.66-3,574.3710,596.74-31,415.57
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -32,043.88
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -2.46
Equity Value -
Shares Outstanding 34.46
Equity Value Per Share -