Discounted Cash Flow (DCF) Analysis Unlevered

Moxian (BVI) Inc (MOXC)

$1.09

+0.05 (+4.81%)
All numbers are in Millions, Currency in USD
Stock DCF: -268,750,484.13 | 1.09 | 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 0.090.340.3700.2212.97766.8245,341.222,680,967.24158,522,088.32
Revenue (%)
EBITDA -12.50-7.83-0.530-2.68-446.57-26,405.17-1,561,303.15-92,317,814.22-5,458,631,675.21
EBITDA (%)
EBIT -13.60-8.53-3.12-0.01-4.21-537.11-31,758.51-1,877,839.02-111,034,166.56-6,565,305,122.32
EBIT (%)
Depreciation 1.100.702.590.011.5390.545,353.34316,535.8718,716,352.331,106,673,447.11
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 0.020.130.4300.137.48442.5326,166.331,547,180.8991,482,783.30
Total Cash (%)
Account Receivables --2.100.011.2473.524,347.41257,056.5315,199,416.85898,721,649.56
Account Receivables (%)
Inventories 00.010.0100.010.4426.031,539.1691,008.385,381,206.66
Inventories (%)
Accounts Payable 1.465.405.880.023.48205.8412,171.05719,658.4742,552,464.402,516,071,594.67
Accounts Payable (%)
Capital Expenditure -0.07-0.25-0.28-0-0.16-9.63-569.59-33,679.03-1,991,397.05-117,748,704.42
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 1.09
Beta 2.769
Diluted Shares Outstanding 18.94
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 17.032
Total Debt -
Total Equity 20.64
Total Capital 20.64
Debt Weighting 0.00
Equity Weighting 100.00
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 0.090.340.3700.2212.97766.8245,341.222,680,967.24158,522,088.32
EBITDA -12.50-7.83-0.530-2.68-446.57-26,405.17-1,561,303.15-92,317,814.22-5,458,631,675.21
EBIT -13.60-8.53-3.12-0.01-4.21-537.11-31,758.51-1,877,839.02-111,034,166.56-6,565,305,122.32
Tax Rate -0.71%0.00%156.72%39.00%0.00%39.00%39.00%39.00%39.00%39.00%
EBIAT -13.69-8.531.77-0-4.21-327.62-19,371.69-1,145,422.57-67,727,339.13-4,004,629,028.49
Depreciation 1.100.702.590.011.5390.545,353.34316,535.8718,716,352.331,106,673,447.11
Accounts Receivable ---2.09-1.24-72.28-4,273.88-252,709.13-14,942,360.32-883,522,232.71
Inventories --0.01-00.01-0.01-0.43-25.59-1,513.13-89,469.22-5,290,198.28
Accounts Payable -3.930.48-5.863.47202.3611,965.21707,487.4141,832,805.942,473,519,130.26
Capital Expenditure -0.07-0.25-0.28-0-0.16-9.63-569.59-33,679.03-1,991,397.05-117,748,704.42
UFCF -12.67-4.164.56-3.76-0.62-117.07-6,922.20-409,300.57-24,201,407.46-1,430,997,586.52
WACC
PV UFCF -100.03-5,054.17-255,358.74-12,901,844.51-651,857,814.35
SUM PV UFCF -665,020,171.80

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 17.03
Free cash flow (t + 1) -1,459,617,538.25
Terminal Value -9,711,360,866.60
Present Value of Terminal Value -4,423,785,566.44

Intrinsic Value

Enterprise Value -5,088,805,738.24
Net Debt -2.51
Equity Value -5,088,805,735.73
Shares Outstanding 18.94
Equity Value Per Share -268,750,484.13