Discounted Cash Flow (DCF) Analysis Unlevered

LM Funding America, Inc. (LMFA)

$0.621

-0.01 (-1.44%)
All numbers are in Millions, Currency in USD
Stock DCF: -5,121.78 | 0.621 | overvalue

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 3.552.912.911.2914.0246.11151.66498.901,641.115,398.38
Revenue (%)
EBITDA -4.490.06-2.80-4.025.09-45.83-150.76-495.93-1,631.36-5,366.31
EBITDA (%)
EBIT -4.58-0.01-2.86-4.035.09-46.58-153.22-504.02-1,657.97-5,453.84
EBIT (%)
Depreciation 0.100.070.060.0100.752.468.0926.6187.54
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 0.595.031.0711.5534.69126.52416.201,369.074,503.5314,814.27
Total Cash (%)
Account Receivables -0.030.150.040.431.414.6515.3050.32165.53
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.480.190.350.240.464.9716.3553.77176.88581.83
Accounts Payable (%)
Capital Expenditure -0.01-0.01-0.01-0-0.03-0.11-0.37-1.22-4.01-13.19
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.621
Beta 1.753
Diluted Shares Outstanding 7.93
Cost of Debt
Tax Rate 10.70
After-tax Cost of Debt 0.32%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.871
Total Debt 0.18
Total Equity 4.92
Total Capital 5.11
Debt Weighting 3.58
Equity Weighting 96.42
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 3.552.912.911.2914.0246.11151.66498.901,641.115,398.38
EBITDA -4.490.06-2.80-4.025.09-45.83-150.76-495.93-1,631.36-5,366.31
EBIT -4.58-0.01-2.86-4.035.09-46.58-153.22-504.02-1,657.97-5,453.84
Tax Rate -66.05%0.00%0.00%0.44%10.70%-10.98%-10.98%-10.98%-10.98%-10.98%
EBIAT -7.61-0.01-2.86-4.024.54-51.70-170.05-559.38-1,840.05-6,052.81
Depreciation 0.100.070.060.0100.752.468.0926.6187.54
Accounts Receivable ---0.130.11-0.39-0.98-3.24-10.65-35.02-115.21
Inventories ----------
Accounts Payable --0.290.17-0.120.234.5111.3837.42123.11404.95
Capital Expenditure -0.01-0.01-0.01-0-18.21-0.11-0.37-1.22-4.01-13.19
UFCF -7.52-0.24-2.77-4.014.35-47.54-159.82-525.73-1,729.37-5,688.72
WACC
PV UFCF -42.65-128.65-379.67-1,120.50-3,306.89
SUM PV UFCF -4,978.35

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 11.46
Free cash flow (t + 1) -5,802.49
Terminal Value -61,337.15
Present Value of Terminal Value -35,655.65

Intrinsic Value

Enterprise Value -40,634.01
Net Debt -32.38
Equity Value -40,601.63
Shares Outstanding 7.93
Equity Value Per Share -5,121.78