Discounted Cash Flow (DCF) Analysis Unlevered
Ideal Power Inc. (IPWR)
$13.14
-0.12 (-0.90%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2017 Actual | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 1.21 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | -9.98 | - | - | - | - | - | - | - | - | - |
| EBITDA (%) | ||||||||||
| EBIT | -10.44 | - | - | - | - | - | - | - | - | - |
| EBIT (%) | ||||||||||
| Depreciation | 0.45 | - | - | - | - | - | - | - | - | - |
| 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 | 10.02 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 0.22 | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | ||||||||||
| Inventories | 0.25 | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | 0.45 | - | - | - | - | - | - | - | - | - |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | -0.43 | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 13.14 |
|---|---|
| Beta | 0.861 |
| Diluted Shares Outstanding | 5.94 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -3.89% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.950 |
| Total Debt | 0.33 |
| Total Equity | 78.02 |
| Total Capital | 78.35 |
| Debt Weighting | 0.42 |
| Equity Weighting | 99.58 |
| Wacc |
Build Up Free Cash
Year A/P | 2017 Actual | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 1.21 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -9.98 | - | - | - | - | - | - | - | - | - |
| EBIT | -10.44 | - | - | - | - | - | - | - | - | - |
| Tax Rate | 0.00% | -85.06% | -25.91% | 0.00% | 0.00% | -22.19% | -22.19% | -22.19% | -22.19% | -22.19% |
| EBIAT | -10.44 | - | - | - | - | - | - | - | - | - |
| Depreciation | 0.45 | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -0.43 | -0.13 | -0.10 | -0.07 | -0.04 | - | - | - | - | - |
| UFCF | -10.42 | - | - | - | - | - | - | - | - | - |
| WACC | ||||||||||
| PV UFCF | - | - | - | - | - | - | - | - | - | |
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.90 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -22.84 |
| Equity Value | - |
| Shares Outstanding | 5.94 |
| Equity Value Per Share | - |