Discounted Cash Flow (DCF) Analysis Unlevered
Life & Banc Split Corp. (LBS.TO)
$9.02
+0.02 (+0.22%)
All numbers are in Millions, Currency in USD
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 | 43.08 | -59.10 | 101.84 | -13.72 | 157.62 | -579.87 | 2,133.29 | -7,848.16 | 28,872.65 | -106,219.74 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | 40.60 | -62.69 | 100.15 | -14.07 | 156.18 | -580.16 | 2,134.36 | -7,852.11 | 28,887.18 | -106,273.19 |
| EBITDA (%) | ||||||||||
| EBIT | - | - | - | - | - | -580.16 | 2,134.36 | -7,852.11 | 28,887.18 | -106,273.19 |
| EBIT (%) | ||||||||||
| Depreciation | - | - | - | - | - | - | - | - | - | - |
| 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 | 5.93 | 2.22 | 1.97 | 2 | 2.44 | 1.25 | -4.61 | 16.94 | -62.34 | 229.33 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 1.30 | 1.56 | 1.15 | 1.10 | 1.91 | 6.11 | -22.47 | 82.68 | -304.18 | 1,119.06 |
| Account Receivables (%) | ||||||||||
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | 9.45 | 6.17 | 6.83 | 6.49 | 7.12 | 28.47 | -104.73 | 385.29 | -1,417.46 | 5,214.69 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 9.02 |
|---|---|
| Beta | 1.915 |
| Diluted Shares Outstanding | 29.64 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.570 |
| Total Debt | - |
| Total Equity | 267.39 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 43.08 | -59.10 | 101.84 | -13.72 | 157.62 | -579.87 | 2,133.29 | -7,848.16 | 28,872.65 | -106,219.74 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 40.60 | -62.69 | 100.15 | -14.07 | 156.18 | -580.16 | 2,134.36 | -7,852.11 | 28,887.18 | -106,273.19 |
| EBIT | - | - | - | - | - | -580.16 | 2,134.36 | -7,852.11 | 28,887.18 | -106,273.19 |
| Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EBIAT | - | - | - | - | - | -580.16 | 2,134.36 | -7,852.11 | 28,887.18 | -106,273.19 |
| Depreciation | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | -0.26 | 0.41 | 0.06 | -0.81 | -4.20 | 28.58 | -105.16 | 386.87 | -1,423.24 |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | -3.28 | 0.65 | -0.34 | 0.63 | 21.35 | -133.20 | 490.02 | -1,802.75 | 6,632.15 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| UFCF | - | - | - | - | - | -563.01 | 2,029.75 | -7,467.25 | 27,471.29 | -101,064.29 |
| WACC | ||||||||||
| PV UFCF | - | - | - | - | - | |||||
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -103,085.58 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -2.44 |
| Equity Value | - |
| Shares Outstanding | 29.64 |
| Equity Value Per Share | - |