Discounted Cash Flow (DCF) Analysis Unlevered

MIND Technology, Inc. (MIND)

$0.8011

+0.03 (+3.38%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 0.8011 | undervalue

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 48.2842.9442.6821.2223.1120.0417.3915.0813.0811.35
Revenue (%)
EBITDA -3.52-7.77-2.64-15.14-15.73-6.86-5.95-5.16-4.47-3.88
EBITDA (%)
EBIT -20.16-19.59-10.41-19.77-17.95-11.33-9.83-8.52-7.39-6.41
EBIT (%)
Depreciation 16.6411.817.774.632.214.473.883.362.922.53
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 9.909.393.094.615.113.753.252.822.452.12
Total Cash (%)
Account Receivables 10.4912.0811.924.758.135.434.714.083.543.07
Account Receivables (%)
Inventories 10.8610.7713.2611.4514.017.756.725.835.064.39
Inventories (%)
Accounts Payable 1.271.532.651.702.051.171.020.880.770.66
Accounts Payable (%)
Capital Expenditure -1.32-2.53-3.99-0.57-0.83-0.97-0.84-0.73-0.63-0.55
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.8,011
Beta 1.840
Diluted Shares Outstanding 12.52
Cost of Debt
Tax Rate -32.08
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.526
Total Debt 1.83
Total Equity 10.03
Total Capital 11.86
Debt Weighting 15.47
Equity Weighting 84.53
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 48.2842.9442.6821.2223.1120.0417.3915.0813.0811.35
EBITDA -3.52-7.77-2.64-15.14-15.73-6.86-5.95-5.16-4.47-3.88
EBIT -20.16-19.59-10.41-19.77-17.95-11.33-9.83-8.52-7.39-6.41
Tax Rate -4.51%-1.29%-8.44%-50.79%-32.08%-19.42%-19.42%-19.42%-19.42%-19.42%
EBIAT -21.07-19.84-11.29-29.81-23.70-13.53-11.74-10.18-8.83-7.66
Depreciation 16.6411.817.774.632.214.473.883.362.922.53
Accounts Receivable --1.590.167.17-3.382.700.720.620.540.47
Inventories -0.08-2.491.81-2.556.261.030.890.770.67
Accounts Payable -0.261.12-0.950.34-0.87-0.16-0.14-0.12-0.10
Capital Expenditure -1.32-2.53-3.99-0.57-0.83-0.97-0.84-0.73-0.63-0.55
UFCF -5.75-11.80-8.72-17.72-27.91-1.94-7.11-6.17-5.35-4.64
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -4.73
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -3.28
Equity Value -
Shares Outstanding 12.52
Equity Value Per Share -