Discounted Cash Flow (DCF) Analysis Unlevered

Grom Social Enterprises, Inc. (GROM)

$0.1771

+0.00 (+0.06%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.65 | 0.1771 | 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 7.698.648.306.166.306.065.835.615.405.19
Revenue (%)
EBITDA -3.99-5.06-5.40-3.72-6.76-4.16-4-3.85-3.70-3.56
EBITDA (%)
EBIT -5.35-5.88-6.26-4.57-7.58-4.94-4.75-4.57-4.40-4.23
EBIT (%)
Depreciation 1.360.820.860.850.810.780.750.720.690.67
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 0.440.630.510.126.531.511.451.401.351.30
Total Cash (%)
Account Receivables 0.461.140.600.661.160.670.650.620.600.58
Account Receivables (%)
Inventories 0.430.010.030.050.090.100.100.090.090.09
Inventories (%)
Accounts Payable 0.880.680.811.130.470.660.640.610.590.57
Accounts Payable (%)
Capital Expenditure -0.56-0.58-0.29-0.57-0.04-0.33-0.32-0.31-0.30-0.29
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.1,771
Beta 0.675
Diluted Shares Outstanding 9.02
Cost of Debt
Tax Rate 0.48
After-tax Cost of Debt 64.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.871
Total Debt 3.98
Total Equity 1.60
Total Capital 5.57
Debt Weighting 71.34
Equity Weighting 28.66
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 7.698.648.306.166.306.065.835.615.405.19
EBITDA -3.99-5.06-5.40-3.72-6.76-4.16-4-3.85-3.70-3.56
EBIT -5.35-5.88-6.26-4.57-7.58-4.94-4.75-4.57-4.40-4.23
Tax Rate -0.56%-0.31%-0.78%3.75%0.48%0.52%0.52%0.52%0.52%0.52%
EBIAT -5.38-5.90-6.31-4.40-7.54-4.91-4.73-4.55-4.38-4.21
Depreciation 1.360.820.860.850.810.780.750.720.690.67
Accounts Receivable --0.680.54-0.06-0.500.490.030.020.020.02
Inventories -0.42-0.02-0.02-0.04-0.010000
Accounts Payable --0.200.130.32-0.660.20-0.03-0.02-0.02-0.02
Capital Expenditure -0.56-0.58-0.29-0.57-0.04-0.33-0.32-0.31-0.30-0.29
UFCF -4.58-6.12-5.10-3.88-7.97-3.79-4.29-4.13-3.97-3.82
WACC
PV UFCF -2.57-1.97-1.28-0.84-0.55
SUM PV UFCF -7.21

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 47.63
Free cash flow (t + 1) -3.90
Terminal Value -8.55
Present Value of Terminal Value -1.22

Intrinsic Value

Enterprise Value -8.42
Net Debt -2.55
Equity Value -5.87
Shares Outstanding 9.02
Equity Value Per Share -0.65