Discounted Cash Flow (DCF) Analysis Unlevered

Planet Green Holdings Corp. (PLAG)

$0.65

-0.02 (-2.78%)
All numbers are in Millions, Currency in USD
Stock DCF: 3,200,398.28 | 0.65 | 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 5.116.834.113.6437.77124.66411.461,358.074,482.5214,795.24
Revenue (%)
EBITDA -56.8821.553.71-10.60-6.94-253.59-837-2,762.66-9,118.58-30,097.26
EBITDA (%)
EBIT -58.9920.752.96-11.05-9.15-275.90-910.65-3,005.72-9,920.84-32,745.25
EBIT (%)
Depreciation 2.110.790.760.452.2122.3173.64243.06802.262,647.99
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 0.091.067.403.421.4673.54242.72801.142,644.298,727.87
Total Cash (%)
Account Receivables 2.346.551.391.93560.28198.98656.762,167.737,154.92
Account Receivables (%)
Inventories 10.5914.168.537.5478.30258.43852.982,815.389,292.6030,671.63
Inventories (%)
Accounts Payable 4.150.580.951.306.2441.18135.93448.671,480.904,887.94
Accounts Payable (%)
Capital Expenditure -0.31-0.49-0.58-0.85-4.81-15.87-52.39-172.91-570.72-1,883.76
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.65
Beta 0.070
Diluted Shares Outstanding 10.11
Cost of Debt
Tax Rate 1.95
After-tax Cost of Debt 4.90%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.281
Total Debt -
Total Equity 6.57
Total Capital 6.57
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 5.116.834.113.6437.77124.66411.461,358.074,482.5214,795.24
EBITDA -56.8821.553.71-10.60-6.94-253.59-837-2,762.66-9,118.58-30,097.26
EBIT -58.9920.752.96-11.05-9.15-275.90-910.65-3,005.72-9,920.84-32,745.25
Tax Rate -33.99%13,911.06%150.49%1.35%1.95%2,806.17%2,806.17%2,806.17%2,806.17%2,806.17%
EBIAT -79.05-2,866.36-1.49-10.90-8.977,466.2924,643.6381,340.05268,475.17886,143.03
Depreciation 2.110.790.760.452.2122.3173.64243.06802.262,647.99
Accounts Receivable --4.205.15-0.53-3.08-55.28-138.69-457.78-1,510.97-4,987.19
Inventories --3.565.630.98-70.75-180.13-594.55-1,962.41-6,477.22-21,379.03
Accounts Payable --3.570.370.354.9334.9594.75312.741,032.233,407.04
Capital Expenditure -0.31-0.49-0.58-0.85-4.81-15.87-52.39-172.91-570.72-1,883.76
UFCF -77.25-2,877.399.84-10.51-80.467,272.2724,026.3979,302.75261,750.75863,948.08
WACC
PV UFCF 6,973.7922,094.6269,933.48221,352.20700,620
SUM PV UFCF 1,020,974.09

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.28
Free cash flow (t + 1) 881,227.04
Terminal Value 38,650,308.95
Present Value of Terminal Value 31,343,526.46

Intrinsic Value

Enterprise Value 32,364,500.55
Net Debt -0.75
Equity Value 32,364,501.30
Shares Outstanding 10.11
Equity Value Per Share 3,200,398.28