Discounted Cash Flow (DCF) Analysis Unlevered

Motus GI Holdings, Inc. (MOTS)

$0.45

+0.01 (+0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -19,174.55 | 0.45 | 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 0.040.110.100.390.591.393.267.6617.9942.25
Revenue (%)
EBITDA -15.55-23.43-18.79-18.06-17.30-255.26-599.35-1,407.27-3,304.26-7,758.38
EBITDA (%)
EBIT -15.71-23.65-19.17-18.76-18.14-258.97-608.07-1,427.75-3,352.34-7,871.27
EBIT (%)
Depreciation 0.150.220.380.700.843.718.7220.4848.08112.89
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 21.0928.7320.8222.5614.04319.23749.551,759.934,132.319,702.63
Total Cash (%)
Account Receivables 0.010.080.040.110.060.461.082.535.9413.94
Account Receivables (%)
Inventories 0.021.010.800.500.495.6813.3331.3073.49172.56
Inventories (%)
Accounts Payable ----1.974.6210.8625.4959.85140.52
Accounts Payable (%)
Capital Expenditure -0.55-0.47-0.09-0.47-0.22-6.13-14.39-33.79-79.34-186.29
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.45
Beta 1.897
Diluted Shares Outstanding 3.24
Cost of Debt
Tax Rate 2.72
After-tax Cost of Debt 10.65%
Risk-Free Rate
Market Risk Premium
Cost of Equity 13.528
Total Debt 11.44
Total Equity 1.46
Total Capital 12.89
Debt Weighting 88.70
Equity Weighting 11.30
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 0.040.110.100.390.591.393.267.6617.9942.25
EBITDA -15.55-23.43-18.79-18.06-17.30-255.26-599.35-1,407.27-3,304.26-7,758.38
EBIT -15.71-23.65-19.17-18.76-18.14-258.97-608.07-1,427.75-3,352.34-7,871.27
Tax Rate 0.00%2.13%-1.78%0.64%2.72%0.74%0.74%0.74%0.74%0.74%
EBIAT -15.71-23.15-19.51-18.64-17.65-257.05-603.55-1,417.13-3,327.42-7,812.75
Depreciation 0.150.220.380.700.843.718.7220.4848.08112.89
Accounts Receivable --0.080.05-0.070.05-0.40-0.62-1.45-3.41-8
Inventories --0.990.210.310.01-5.19-7.65-17.97-42.19-99.07
Accounts Payable -----2.656.2314.6334.3680.67
Capital Expenditure -0.55-0.47-0.09-0.47-0.22-6.13-14.39-33.79-79.34-186.29
UFCF -16.10-24.46-18.96-18.18-16.98-262.40-611.26-1,435.24-3,369.92-7,912.55
WACC
PV UFCF -236.44-496.29-1,050-2,221.47-4,699.95
SUM PV UFCF -8,704.15

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.98
Free cash flow (t + 1) -8,070.81
Terminal Value -89,875.34
Present Value of Terminal Value -53,384.72

Intrinsic Value

Enterprise Value -62,088.87
Net Debt -2.61
Equity Value -62,086.26
Shares Outstanding 3.24
Equity Value Per Share -19,174.55