Discounted Cash Flow (DCF) Analysis Unlevered
Integrated Ventures, Inc. (INTV)
$0.03
-0.01 (-14.49%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.31 | 0.28 | 0.45 | 1.85 | 6.55 | 16.62 | 42.20 | 107.10 | 271.82 | 689.92 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | -5.36 | -8.75 | 0.15 | -21.59 | 1.07 | -199.52 | -506.41 | -1,285.32 | -3,262.27 | -8,279.99 |
| EBITDA (%) | ||||||||||
| EBIT | -5.42 | -9.30 | -0.43 | -22 | -0.55 | -212.52 | -539.41 | -1,369.08 | -3,474.87 | -8,819.57 |
| EBIT (%) | ||||||||||
| Depreciation | 0.06 | 0.55 | 0.58 | 0.41 | 1.62 | 13 | 33 | 83.76 | 212.59 | 539.59 |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Total Cash | 0 | 0.05 | 0.01 | 2.10 | 0.49 | 4.67 | 11.84 | 30.06 | 76.30 | 193.67 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | - | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | ||||||||||
| Inventories | 0.11 | 0.10 | 0.17 | 0.69 | 2.46 | 6.23 | 15.82 | 40.14 | 101.89 | 258.60 |
| Inventories (%) | ||||||||||
| Accounts Payable | 0.03 | 0.04 | 0.08 | 0.03 | 0.06 | 1.45 | 3.69 | 9.36 | 23.76 | 60.30 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | -0.61 | -0.04 | -0.12 | -18.33 | -9.94 | -46.02 | -116.79 | -296.44 | -752.39 | -1,909.63 |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 0.03 |
|---|---|
| Beta | 2.753 |
| Diluted Shares Outstanding | 204.71 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 4.75% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 16.496 |
| Total Debt | 0.39 |
| Total Equity | 6.14 |
| Total Capital | 6.53 |
| Debt Weighting | 5.91 |
| Equity Weighting | 94.09 |
| Wacc |
Build Up Free Cash
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.31 | 0.28 | 0.45 | 1.85 | 6.55 | 16.62 | 42.20 | 107.10 | 271.82 | 689.92 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -5.36 | -8.75 | 0.15 | -21.59 | 1.07 | -199.52 | -506.41 | -1,285.32 | -3,262.27 | -8,279.99 |
| EBIT | -5.42 | -9.30 | -0.43 | -22 | -0.55 | -212.52 | -539.41 | -1,369.08 | -3,474.87 | -8,819.57 |
| Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EBIAT | -5.42 | -9.30 | -0.43 | -22 | -0.55 | -212.52 | -539.41 | -1,369.08 | -3,474.87 | -8,819.57 |
| Depreciation | 0.06 | 0.55 | 0.58 | 0.41 | 1.62 | 13 | 33 | 83.76 | 212.59 | 539.59 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | 0.01 | -0.07 | -0.52 | -1.76 | -3.78 | -9.58 | -24.33 | -61.74 | -156.71 |
| Accounts Payable | - | 0.01 | 0.05 | -0.06 | 0.03 | 1.40 | 2.24 | 5.67 | 14.40 | 36.54 |
| Capital Expenditure | -0.61 | -0.04 | -0.12 | -18.33 | -9.94 | -46.02 | -116.79 | -296.44 | -752.39 | -1,909.63 |
| UFCF | -5.98 | -8.77 | 0.01 | -40.50 | -10.60 | -247.92 | -630.55 | -1,600.41 | -4,062 | -10,309.79 |
| WACC | ||||||||||
| PV UFCF | -214.09 | -470.22 | -1,030.64 | -2,258.95 | -4,951.16 | |||||
| SUM PV UFCF | -8,925.06 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 15.80 |
| Free cash flow (t + 1) | -10,515.98 |
| Terminal Value | -76,202.79 |
| Present Value of Terminal Value | -36,595.53 |
Intrinsic Value
| Enterprise Value | -45,520.59 |
|---|---|
| Net Debt | -0.10 |
| Equity Value | -45,520.48 |
| Shares Outstanding | 204.71 |
| Equity Value Per Share | -222.36 |