Discounted Cash Flow (DCF) Analysis Unlevered

Profire Energy, Inc. (PFIE)

$0.902

+0.01 (+0.78%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 0.902 | 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 38.2945.6138.9821.4626.3625.2024.1023.0422.0321.07
Revenue (%)
EBITDA 8.019.495.03-1.48-1.682.091.991.911.821.74
EBITDA (%)
EBIT 7.128.603.57-2.66-2.571.231.181.131.081.03
EBIT (%)
Depreciation 0.890.901.471.180.890.850.820.780.750.71
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 15.7614.6611.1811.549.209.619.198.798.408.03
Total Cash (%)
Account Receivables 8.077.065.684.276.264.784.574.374.183.99
Account Receivables (%)
Inventories 6.459.669.578.417.196.506.225.955.695.44
Inventories (%)
Accounts Payable 1.781.182.631.181.821.331.271.221.161.11
Accounts Payable (%)
Capital Expenditure -0.61-1.93-4.66-1.55-1.65-1.58-1.51-1.44-1.38-1.32
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.902
Beta 0.832
Diluted Shares Outstanding 47.78
Cost of Debt
Tax Rate 37.44
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.685
Total Debt 0.10
Total Equity 43.10
Total Capital 43.19
Debt Weighting 0.22
Equity Weighting 99.78
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 38.2945.6138.9821.4626.3625.2024.1023.0422.0321.07
EBITDA 8.019.495.03-1.48-1.682.091.991.911.821.74
EBIT 7.128.603.57-2.66-2.571.231.181.131.081.03
Tax Rate 37.53%29.28%43.34%18.18%37.44%33.16%33.16%33.16%33.16%33.16%
EBIAT 4.456.082.02-2.18-1.610.820.790.750.720.69
Depreciation 0.890.901.471.180.890.850.820.780.750.71
Accounts Receivable -1.011.381.40-1.991.490.210.200.190.18
Inventories --3.210.091.161.230.680.290.270.260.25
Accounts Payable --0.601.46-1.450.64-0.49-0.06-0.06-0.05-0.05
Capital Expenditure -0.61-1.93-4.66-1.55-1.65-1.58-1.51-1.44-1.38-1.32
UFCF 4.732.241.75-1.44-2.481.780.530.510.490.47
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 0.48
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -8.09
Equity Value -
Shares Outstanding 47.78
Equity Value Per Share -