Discounted Cash Flow (DCF) Analysis Unlevered
Ocuphire Pharma, Inc. (OCUP)
$3.75
-0.08 (-2.09%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBITDA (%) | |||||||||
| EBIT | - | - | - | - | - | - | - | - | - |
| EBIT (%) | |||||||||
| Depreciation | - | - | - | - | - | - | - | - | - |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Total Cash | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | |||||||||
| Account Receivables | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | |||||||||
| Inventories | - | - | - | - | - | - | - | - | - |
| Inventories (%) | |||||||||
| Accounts Payable | - | - | - | - | - | - | - | - | - |
| Accounts Payable (%) | |||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 3.75 |
|---|---|
| Beta | -0.068 |
| Diluted Shares Outstanding | 20.60 |
| Cost of Debt | |
| Tax Rate | 1.73 |
| After-tax Cost of Debt | 4.91% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 3.174 |
| Total Debt | - |
| Total Equity | 77.24 |
| Total Capital | 77.24 |
| Debt Weighting | 0.00 |
| Equity Weighting | 100.00 |
| Wacc |
Build Up Free Cash
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - |
| Tax Rate | 0.00% | 0.00% | 0.00% | 1.73% | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
| EBIAT | - | - | - | - | - | - | - | - | - |
| Depreciation | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -0.03 | - | - | - | - | - | - | - | - |
| UFCF | - | - | - | - | - | - | - | - | - |
| WACC | |||||||||
| PV UFCF | - | - | - | - | - | - | |||
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.17 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -42.63 |
| Equity Value | - |
| Shares Outstanding | 20.60 |
| Equity Value Per Share | - |