Discounted Cash Flow (DCF) Analysis Unlevered

Meten Holding Group Ltd. (METX)

$0.1978

-0.00 (-1.05%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.14 | 0.1978 | overvalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 227.88231.66143.53116.6413.068.365.353.432.191.40
Revenue (%)
EBITDA 20.27-2.25-34.83-46.6914.600.930.590.380.240.16
EBITDA (%)
EBIT 11.47-33.17-63.85-64.348.50-0.73-0.47-0.30-0.19-0.12
EBIT (%)
Depreciation 8.7930.9329.0317.666.091.661.060.680.440.28
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 27.9522.4214.4226.940.050.930.590.380.240.16
Total Cash (%)
Account Receivables 14.4010.219.4610.729.821.701.090.700.450.29
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 2.242.512.722.593.810.590.380.240.160.10
Accounts Payable (%)
Capital Expenditure -10.30-13.84-4.10-11.69-9.79-1.64-1.05-0.67-0.43-0.28
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.1,978
Beta -0.030
Diluted Shares Outstanding 65.84
Cost of Debt
Tax Rate -694.80
After-tax Cost of Debt 2.35%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.652
Total Debt 0.96
Total Equity 13.02
Total Capital 13.98
Debt Weighting 6.86
Equity Weighting 93.14
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 227.88231.66143.53116.6413.068.365.353.432.191.40
EBITDA 20.27-2.25-34.83-46.6914.600.930.590.380.240.16
EBIT 11.47-33.17-63.85-64.348.50-0.73-0.47-0.30-0.19-0.12
Tax Rate 15.68%-1.83%-0.98%5.47%-694.80%-135.29%-135.29%-135.29%-135.29%-135.29%
EBIAT 9.68-33.78-64.48-60.8267.59-1.72-1.10-0.71-0.45-0.29
Depreciation 8.7930.9329.0317.666.091.661.060.680.440.28
Accounts Receivable -4.190.75-1.260.908.120.610.390.250.16
Inventories ----------
Accounts Payable -0.280.21-0.141.23-3.22-0.21-0.14-0.09-0.06
Capital Expenditure -10.30-13.84-4.10-11.69-9.79-1.64-1.05-0.67-0.43-0.28
UFCF 8.17-12.22-38.60-56.2666.023.19-0.69-0.44-0.28-0.18
WACC
PV UFCF 3.08-0.65-0.40-0.25-0.15
SUM PV UFCF 1.63

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.56
Free cash flow (t + 1) -0.19
Terminal Value -11.91
Present Value of Terminal Value -10

Intrinsic Value

Enterprise Value -8.37
Net Debt 0.91
Equity Value -9.27
Shares Outstanding 65.84
Equity Value Per Share -0.14