Discounted Cash Flow (DCF) Analysis Unlevered

Monaker Group, Inc. (MKGI)

$2.27

+0.15 (+7.08%)
All numbers are in Millions, Currency in USD
Stock DCF: 2.4,668,754,858,957,072e+29 | 2.27 | 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 0.400.430.510.4448,3381,322,313,784.7336,172,653,739,308.05989,523,737,600,289,7922.7,068,990,689,240,425e+227.404,878,014,459,166e+26
Revenue (%)
EBITDA -5.07-9.634.76-9-16,315,120.61-101,416,984,829.99-2,774,319,921,572,922.50-75,893,116,327,005,093,888-2.0,760,998,257,759,627e+24-5.67,929,042,209,232e+28
EBITDA (%)
EBIT -6.85-9.844.46-9.29-16,508,654.61-104,112,081,136.44-2,848,045,830,365,080-77,909,930,944,803,422,208-2.1,312,709,490,513,901e+24-5.8,302,142,014,327,945e+28
EBIT (%)
Depreciation 1.780.210.290.30193,5342,695,096,306.4573,725,908,792,157.722,016,814,617,798,332,6725.517,112,327,542,719e+221.5,092,377,934,047,416e+27
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 1.011.600.031.142,905,87218,249,855,822.24499,235,297,306,005.8113,656,868,553,036,404,7363.735,914,901,878,292e+231.0,219,809,980,504,749e+28
Total Cash (%)
Account Receivables 0.750.810.950.8390,571.032,477,622,591.3467,776,790,296,069.691,854,073,061,370,057,7285.071,923,444,414,689e+221.3,874,538,151,692,057e+27
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable -0.430.690.8368,502.551,873,926,553.5851,262,338,136,673.461,402,310,728,892,110,8483.8,361,016,134,749,655e+221.0,493,876,489,507,631e+27
Accounts Payable (%)
Capital Expenditure -0.69-0.51-0.96-0.17-62,488.43-1,709,407,022.90-46,761,811,797,548.53-1,279,196,243,669,256,960-3.4,993,148,616,694,995e+22-9.572,576,969,094,892e+26
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 2.27
Beta 2.552
Diluted Shares Outstanding 11.77
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 0.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 15.623
Total Debt 1,807,462
Total Equity 26.73
Total Capital 1,807,488.73
Debt Weighting 100.00
Equity Weighting 0.00
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 0.400.430.510.4448,3381,322,313,784.7336,172,653,739,308.05989,523,737,600,289,7922.7,068,990,689,240,425e+227.404,878,014,459,166e+26
EBITDA -5.07-9.634.76-9-16,315,120.61-101,416,984,829.99-2,774,319,921,572,922.50-75,893,116,327,005,093,888-2.0,760,998,257,759,627e+24-5.67,929,042,209,232e+28
EBIT -6.85-9.844.46-9.29-16,508,654.61-104,112,081,136.44-2,848,045,830,365,080-77,909,930,944,803,422,208-2.1,312,709,490,513,901e+24-5.8,302,142,014,327,945e+28
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -6.85-9.844.46-9.29-16,508,654.61-104,112,081,136.44-2,848,045,830,365,080-77,909,930,944,803,422,208-2.1,312,709,490,513,901e+24-5.8,302,142,014,327,945e+28
Depreciation 1.780.210.290.30193,5342,695,096,306.4573,725,908,792,157.722,016,814,617,798,332,6725.517,112,327,542,719e+221.5,092,377,934,047,416e+27
Accounts Receivable --0.06-0.140.12-90,570.20-2,477,532,020.31-67,774,312,673,478.35-1,854,005,284,579,761,664-5.071,738,037,108,551e+22-1.3,874,030,959,347,615e+27
Inventories ----------
Accounts Payable --0.260.1468,501.711,873,858,051.0351,260,464,210,119.881,402,259,466,553,974,2723.835,961,382,402,076e+221.0,493,492,879,346,284e+27
Capital Expenditure -0.69-0.51-0.96-0.17-62,488.43-1,709,407,022.90-46,761,811,797,548.53-1,279,196,243,669,256,960-3.4,993,148,616,694,995e+22-9.572,576,969,094,892e+26
UFCF -5.75-10.193.92-8.90-16,399,677.53-103,730,065,822.16-2,837,595,581,833,830-77,624,058,388,700,135,424-2.1,234,507,409,397,227e+24-5.808,821,572,583,282e+28
WACC
PV UFCF -103,730,065,822.16-2,837,595,581,833,830-77,624,058,388,700,135,424-2.1,234,507,409,397,227e+24-5.808,821,572,583,282e+28
SUM PV UFCF -5.809,033,925,420,066e+28

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 0.00
Free cash flow (t + 1) -5.924,998,004,034,948e+28
Terminal Value 2.962,499,002,017,474e+30
Present Value of Terminal Value 2.962,499,002,017,474e+30

Intrinsic Value

Enterprise Value 2.904,408,662,763,273e+30
Net Debt -833,526
Equity Value 2.904,408,662,763,273e+30
Shares Outstanding 11.77
Equity Value Per Share 2.4,668,754,858,957,072e+29