Discounted Cash Flow (DCF) Analysis Unlevered
Laramide Resources Ltd. (LAM.TO)
$0.59
-0.01 (-1.67%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2018 Actual | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.05 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | -1.61 | - | - | - | - | - | - | - | - | - |
| EBITDA (%) | ||||||||||
| EBIT | -1.66 | - | - | - | - | - | - | - | - | - |
| EBIT (%) | ||||||||||
| Depreciation | 0.05 | - | - | - | - | - | - | - | - | - |
| 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 | 1.41 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 0.18 | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | ||||||||||
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | 0.82 | - | - | - | - | - | - | - | - | - |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | -1.73 | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 0.59 |
|---|---|
| Beta | 0.868 |
| Diluted Shares Outstanding | 206.77 |
| Cost of Debt | |
| Tax Rate | -41.01 |
| After-tax Cost of Debt | 18.88% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.832 |
| Total Debt | 6.01 |
| Total Equity | 122 |
| Total Capital | 128.01 |
| Debt Weighting | 4.70 |
| Equity Weighting | 95.30 |
| Wacc |
Build Up Free Cash
Year A/P | 2018 Actual | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 0.05 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -1.61 | - | - | - | - | - | - | - | - | - |
| EBIT | -1.66 | - | - | - | - | - | - | - | - | - |
| Tax Rate | -11.78% | 20.04% | -7.46% | 3.64% | -41.01% | -7.32% | -7.32% | -7.32% | -7.32% | -7.32% |
| EBIAT | -1.85 | - | - | - | - | - | - | - | - | - |
| Depreciation | 0.05 | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -1.73 | -0.70 | -0.67 | -1.22 | -5.01 | - | - | - | - | - |
| UFCF | -3.53 | - | - | - | - | - | - | - | - | - |
| WACC | ||||||||||
| PV UFCF | - | - | - | - | - | - | - | - | - | |
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.30 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 4.43 |
| Equity Value | - |
| Shares Outstanding | 206.77 |
| Equity Value Per Share | - |