Discounted Cash Flow (DCF) Analysis Unlevered
Planet Green Holdings Corp. (PLAG)
$0.8602
-0.01 (-1.14%)
All numbers are in Millions, Currency in USD
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 | 5.11 | 6.83 | 4.11 | 3.64 | 37.77 | 124.66 | 411.46 | 1,358.07 | 4,482.52 | 14,795.24 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
EBITDA | -56.88 | 21.55 | 3.71 | -10.60 | -6.94 | -253.59 | -837 | -2,762.66 | -9,118.58 | -30,097.26 |
EBITDA (%) | ||||||||||
EBIT | -58.99 | 20.75 | 2.96 | -11.05 | -9.15 | -275.90 | -910.65 | -3,005.72 | -9,920.84 | -32,745.25 |
EBIT (%) | ||||||||||
Depreciation | 2.11 | 0.79 | 0.76 | 0.45 | 2.21 | 22.31 | 73.64 | 243.06 | 802.26 | 2,647.99 |
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 | 0.09 | 1.06 | 7.40 | 3.42 | 1.46 | 73.54 | 242.72 | 801.14 | 2,644.29 | 8,727.87 |
---|---|---|---|---|---|---|---|---|---|---|
Total Cash (%) | ||||||||||
Account Receivables | 2.34 | 6.55 | 1.39 | 1.93 | 5 | 60.28 | 198.98 | 656.76 | 2,167.73 | 7,154.92 |
Account Receivables (%) | ||||||||||
Inventories | 10.59 | 14.16 | 8.53 | 7.54 | 78.30 | 258.43 | 852.98 | 2,815.38 | 9,292.60 | 30,671.63 |
Inventories (%) | ||||||||||
Accounts Payable | 4.15 | 0.58 | 0.95 | 1.30 | 6.24 | 41.18 | 135.93 | 448.67 | 1,480.90 | 4,887.94 |
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 | $ 0.8,602 |
---|---|
Beta | 0.034 |
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 | 3.049 |
Total Debt | - |
Total Equity | 8.70 |
Total Capital | 8.70 |
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 | 5.11 | 6.83 | 4.11 | 3.64 | 37.77 | 124.66 | 411.46 | 1,358.07 | 4,482.52 | 14,795.24 |
---|---|---|---|---|---|---|---|---|---|---|
EBITDA | -56.88 | 21.55 | 3.71 | -10.60 | -6.94 | -253.59 | -837 | -2,762.66 | -9,118.58 | -30,097.26 |
EBIT | -58.99 | 20.75 | 2.96 | -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 | -8.97 | 7,466.29 | 24,643.63 | 81,340.05 | 268,475.17 | 886,143.03 |
Depreciation | 2.11 | 0.79 | 0.76 | 0.45 | 2.21 | 22.31 | 73.64 | 243.06 | 802.26 | 2,647.99 |
Accounts Receivable | - | -4.20 | 5.15 | -0.53 | -3.08 | -55.28 | -138.69 | -457.78 | -1,510.97 | -4,987.19 |
Inventories | - | -3.56 | 5.63 | 0.98 | -70.75 | -180.13 | -594.55 | -1,962.41 | -6,477.22 | -21,379.03 |
Accounts Payable | - | -3.57 | 0.37 | 0.35 | 4.93 | 34.95 | 94.75 | 312.74 | 1,032.23 | 3,407.04 |
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 | -2,877.39 | 9.84 | -10.51 | -80.46 | 7,272.27 | 24,026.39 | 79,302.75 | 261,750.75 | 863,948.08 |
WACC | ||||||||||
PV UFCF | 7,057.03 | 22,625.21 | 72,467.66 | 232,111.12 | 743,442.98 | |||||
SUM PV UFCF | 1,077,703.99 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.05 |
Free cash flow (t + 1) | 881,227.04 |
Terminal Value | 83,926,385.16 |
Present Value of Terminal Value | 72,220,175.12 |
Intrinsic Value
Enterprise Value | 73,297,879.12 |
---|---|
Net Debt | -0.75 |
Equity Value | 73,297,879.87 |
Shares Outstanding | 10.11 |
Equity Value Per Share | 7,248,139.15 |