Discounted Cash Flow (DCF) Analysis Unlevered
Grow Capital, Inc. (GRWC)
$0.0019
0.00 (0.00%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 0.12 | 0.14 | 0.33 | 0.58 | 1.02 | 1.80 | 3.16 | 5.56 | 9.78 | 17.19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | -1.40 | -0.73 | -1.41 | -2.40 | -2.29 | -9.89 | -17.40 | -30.59 | -53.78 | -94.57 |
| EBITDA (%) | ||||||||||
| EBIT | -1.43 | -0.85 | -1.48 | -2.40 | -2.31 | -10.37 | -18.23 | -32.06 | -56.37 | -99.11 |
| EBIT (%) | ||||||||||
| Depreciation | 0.03 | 0.13 | 0.06 | 0 | 0.02 | 0.48 | 0.84 | 1.47 | 2.59 | 4.55 |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Total Cash | 0.04 | 0.03 | 0.01 | 0.48 | 0.25 | 0.61 | 1.07 | 1.89 | 3.32 | 5.83 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 0 | 0 | 0.04 | 0.17 | 0.41 | 0.29 | 0.52 | 0.91 | 1.59 | 2.80 |
| Account Receivables (%) | ||||||||||
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | 0 | 0.02 | 0.01 | 0.33 | 0.64 | 0.49 | 0.87 | 1.53 | 2.68 | 4.72 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | -0.29 | -0.30 | -0.04 | -0.01 | -1.20 | -2.11 | -3.71 | -6.53 | -11.48 | -20.19 |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 0.0,019 |
|---|---|
| Beta | 1.353 |
| Diluted Shares Outstanding | 11.72 |
| Cost of Debt | |
| Tax Rate | 19.07 |
| After-tax Cost of Debt | 3.11% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.024 |
| Total Debt | 0.94 |
| Total Equity | 0.02 |
| Total Capital | 0.96 |
| Debt Weighting | 97.68 |
| Equity Weighting | 2.32 |
| Wacc |
Build Up Free Cash
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 0.12 | 0.14 | 0.33 | 0.58 | 1.02 | 1.80 | 3.16 | 5.56 | 9.78 | 17.19 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -1.40 | -0.73 | -1.41 | -2.40 | -2.29 | -9.89 | -17.40 | -30.59 | -53.78 | -94.57 |
| EBIT | -1.43 | -0.85 | -1.48 | -2.40 | -2.31 | -10.37 | -18.23 | -32.06 | -56.37 | -99.11 |
| Tax Rate | 0.00% | 0.00% | 0.00% | -7.10% | 19.07% | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
| EBIAT | -1.43 | -0.85 | -1.48 | -2.57 | -1.87 | -10.12 | -17.80 | -31.29 | -55.02 | -96.74 |
| Depreciation | 0.03 | 0.13 | 0.06 | 0 | 0.02 | 0.48 | 0.84 | 1.47 | 2.59 | 4.55 |
| Accounts Receivable | - | -0 | -0.04 | -0.12 | -0.24 | 0.11 | -0.22 | -0.39 | -0.69 | -1.21 |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | 0.02 | -0.01 | 0.33 | 0.31 | -0.15 | 0.37 | 0.66 | 1.16 | 2.03 |
| Capital Expenditure | -0.29 | -0.30 | -0.04 | -0.01 | -1.20 | -2.11 | -3.71 | -6.53 | -11.48 | -20.19 |
| UFCF | -1.69 | -1.01 | -1.51 | -2.37 | -2.99 | -11.79 | -20.52 | -36.08 | -63.45 | -111.56 |
| WACC | ||||||||||
| PV UFCF | -2.45 | -2.99 | -11.42 | -19.24 | -32.76 | -55.78 | -94.98 | |||
| SUM PV UFCF | -214.19 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.27 |
| Free cash flow (t + 1) | -113.79 |
| Terminal Value | -8,959.90 |
| Present Value of Terminal Value | -7,628.38 |
Intrinsic Value
| Enterprise Value | -7,842.56 |
|---|---|
| Net Debt | 0.69 |
| Equity Value | -7,843.25 |
| Shares Outstanding | 11.72 |
| Equity Value Per Share | -668.93 |