Discounted Cash Flow (DCF) Analysis Unlevered

Greenpro Capital Corp. (GRNQ)

$2.14

-0.17 (-7.36%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.51 | 2.14 | 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 3.924.214.482.252.952.912.882.842.812.77
Revenue (%)
EBITDA -1.97-8.16-1-2.10-1.10-2.31-2.28-2.26-2.23-2.20
EBITDA (%)
EBIT -2.16-8.39-1.26-2.62-1.42-2.60-2.57-2.54-2.51-2.48
EBIT (%)
Depreciation 0.190.230.270.520.320.290.290.280.280.28
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 1.162.171.891.695.342.212.182.162.132.10
Total Cash (%)
Account Receivables 0.350.190.220.250.030.180.180.170.170.17
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable --0.760.700.710.700.690.680.670.67
Accounts Payable (%)
Capital Expenditure -3.15-0.01-0.01-0-0.04-0.48-0.47-0.47-0.46-0.46
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 2.14
Beta 0.520
Diluted Shares Outstanding 5.55
Cost of Debt
Tax Rate -0.03
After-tax Cost of Debt 11,947.63%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.220
Total Debt 0.11
Total Equity 11.88
Total Capital 11.99
Debt Weighting 0.90
Equity Weighting 99.10
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 3.924.214.482.252.952.912.882.842.812.77
EBITDA -1.97-8.16-1-2.10-1.10-2.31-2.28-2.26-2.23-2.20
EBIT -2.16-8.39-1.26-2.62-1.42-2.60-2.57-2.54-2.51-2.48
Tax Rate 25.06%-2.90%1.99%-0.24%-0.03%4.78%4.78%4.78%4.78%4.78%
EBIAT -1.62-8.63-1.24-2.62-1.42-2.48-2.45-2.42-2.39-2.36
Depreciation 0.190.230.270.520.320.290.290.280.280.28
Accounts Receivable -0.16-0.03-0.030.22-0.150000
Inventories ----------
Accounts Payable ----0.060.01-0.01-0.01-0.01-0.01-0.01
Capital Expenditure -3.15-0.01-0.01-0-0.04-0.48-0.47-0.47-0.46-0.46
UFCF -4.58-8.25-1.01-2.20-0.91-2.82-2.64-2.61-2.58-2.55
WACC
PV UFCF -1.32-0.58-0.27-0.12-0.06
SUM PV UFCF -2.36

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 113.22
Free cash flow (t + 1) -2.60
Terminal Value -2.34
Present Value of Terminal Value -0.05

Intrinsic Value

Enterprise Value -2.41
Net Debt -5.23
Equity Value 2.82
Shares Outstanding 5.55
Equity Value Per Share 0.51