Discounted Cash Flow (DCF) Analysis Unlevered
Brompton Lifeco Split Corp. (LCS.TO)
$5.59
-0.07 (-1.24%)
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 | 6.93 | -21.07 | 33.59 | -13.58 | 18.77 | -30.14 | 48.37 | -77.64 | 124.62 | -200.04 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | 6.60 | -22.18 | 33.21 | -13.79 | 18.58 | -30.12 | 48.35 | -77.60 | 124.56 | -199.94 |
| EBITDA (%) | ||||||||||
| EBIT | - | - | - | - | - | -30.12 | 48.35 | -77.60 | 124.56 | -199.94 |
| 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 | 0.88 | 1.12 | 0.97 | 0.98 | 1.05 | -0.52 | 0.84 | -1.35 | 2.16 | -3.47 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | - | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | ||||||||||
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | 0.96 | 0.81 | 1.28 | 0.59 | 0.94 | -0.87 | 1.40 | -2.24 | 3.60 | -5.78 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 5.59 |
|---|---|
| Beta | 3.038 |
| Diluted Shares Outstanding | 5.05 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 17.858 |
| Total Debt | - |
| Total Equity | 28.21 |
| 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 | 6.93 | -21.07 | 33.59 | -13.58 | 18.77 | -30.14 | 48.37 | -77.64 | 124.62 | -200.04 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 6.60 | -22.18 | 33.21 | -13.79 | 18.58 | -30.12 | 48.35 | -77.60 | 124.56 | -199.94 |
| EBIT | - | - | - | - | - | -30.12 | 48.35 | -77.60 | 124.56 | -199.94 |
| Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EBIAT | - | - | - | - | - | -30.12 | 48.35 | -77.60 | 124.56 | -199.94 |
| Depreciation | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | -0.15 | 0.47 | -0.69 | 0.34 | -1.81 | 2.27 | -3.64 | 5.85 | -9.39 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| UFCF | - | - | - | - | - | -31.93 | 50.62 | -81.25 | 130.41 | -209.32 |
| WACC | ||||||||||
| PV UFCF | - | - | - | - | - | |||||
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -213.51 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -1.05 |
| Equity Value | - |
| Shares Outstanding | 5.05 |
| Equity Value Per Share | - |