Discounted Cash Flow (DCF) Analysis Unlevered

NeuroMetrix, Inc. (NURO)

$2.74

-0.07 (-2.49%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 2.74 | 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 17.0916.099.277.388.257.086.085.214.473.84
Revenue (%)
EBITDA -12.600.19-3.65-2-2.21-2.35-2.01-1.73-1.48-1.27
EBITDA (%)
EBIT -12.860.02-3.77-2.09-2.28-2.43-2.09-1.79-1.54-1.32
EBIT (%)
Depreciation 0.260.170.120.090.080.090.070.060.050.05
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 4.046.783.135.2322.576.295.394.633.973.41
Total Cash (%)
Account Receivables 1.051.080.490.330.310.370.320.280.240.20
Account Receivables (%)
Inventories 1.372.861.161.050.710.870.740.640.550.47
Inventories (%)
Accounts Payable 0.731.300.730.140.280.360.310.270.230.20
Accounts Payable (%)
Capital Expenditure -0.16-0.14-0.05-0.06-0.07-0.06-0.05-0.04-0.04-0.03
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 2.74
Beta 2.570
Diluted Shares Outstanding 5.82
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 15.890
Total Debt 0.54
Total Equity 15.94
Total Capital 16.48
Debt Weighting 3.25
Equity Weighting 96.75
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 17.0916.099.277.388.257.086.085.214.473.84
EBITDA -12.600.19-3.65-2-2.21-2.35-2.01-1.73-1.48-1.27
EBIT -12.860.02-3.77-2.09-2.28-2.43-2.09-1.79-1.54-1.32
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -12.860.02-3.77-2.09-2.28-2.43-2.09-1.79-1.54-1.32
Depreciation 0.260.170.120.090.080.090.070.060.050.05
Accounts Receivable --0.030.590.150.02-0.060.050.050.040.03
Inventories --1.491.700.110.34-0.160.120.110.090.08
Accounts Payable -0.56-0.57-0.580.140.08-0.05-0.04-0.04-0.03
Capital Expenditure -0.16-0.14-0.05-0.06-0.13-0.06-0.05-0.04-0.04-0.03
UFCF -12.76-0.91-1.98-2.38-1.76-2.55-1.94-1.66-1.43-1.22
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -1.25
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -22.04
Equity Value -
Shares Outstanding 5.82
Equity Value Per Share -