Discounted Cash Flow (DCF) Analysis Unlevered

LM Funding America, Inc. (LMFA)

$0.97

+0.00 (+0.38%)
All numbers are in Millions, Currency in USD
Stock DCF: 19.32 | 0.97 | undervalue

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 3.782.922.891.260.900.650.480.350.250.18
Revenue (%)
EBITDA -4.490.06-2.80-4.024.44-0.05-0.04-0.03-0.02-0.01
EBITDA (%)
EBIT -4.58-0.01-2.86-4.044.43-0.06-0.04-0.03-0.02-0.02
EBIT (%)
Depreciation 0.100.070.060.0100.010.010.0100
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 0.595.031.0711.5533.106.314.593.342.431.77
Total Cash (%)
Account Receivables -0.030.150.040.030.020.010.010.010.01
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.480.190.350.240.460.130.100.070.050.04
Accounts Payable (%)
Capital Expenditure 0.490.040.08-0-0.010.020.010.010.010.01
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.97
Beta 1.742
Diluted Shares Outstanding 1.62
Cost of Debt
Tax Rate 10.70
After-tax Cost of Debt 0.11%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.028
Total Debt 0.54
Total Equity 1.57
Total Capital 2.11
Debt Weighting 25.52
Equity Weighting 74.48
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 3.782.922.891.260.900.650.480.350.250.18
EBITDA -4.490.06-2.80-4.024.44-0.05-0.04-0.03-0.02-0.01
EBIT -4.58-0.01-2.86-4.044.43-0.06-0.04-0.03-0.02-0.02
Tax Rate -66.05%0.00%0.00%0.40%10.70%-10.99%-10.99%-10.99%-10.99%-10.99%
EBIAT -7.61-0.01-2.86-4.023.96-0.07-0.05-0.04-0.03-0.02
Depreciation 0.100.070.060.0100.010.010.0100
Accounts Receivable ---0.130.110.010.010.01000
Inventories ----------
Accounts Payable --0.290.17-0.120.23-0.33-0.04-0.03-0.02-0.01
Capital Expenditure 0.490.040.08-0-0.010.020.010.010.010.01
UFCF -7.02-0.19-2.68-4.014.18-0.36-0.06-0.04-0.03-0.02
WACC
PV UFCF -0.33-0.05-0.03-0.02-0.01
SUM PV UFCF -0.45

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.99
Free cash flow (t + 1) -0.02
Terminal Value -0.32
Present Value of Terminal Value -0.21

Intrinsic Value

Enterprise Value -0.66
Net Debt -32.02
Equity Value 31.36
Shares Outstanding 1.62
Equity Value Per Share 19.32