Discounted Cash Flow (DCF) Analysis Unlevered

RumbleON, Inc. (RMBL)

$16.92

-0.56 (-3.20%)
All numbers are in Millions, Currency in USD
Stock DCF: 3,008,742,261.69 | 16.92 | 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 7.31156.40840.63416.43934.736,898.8050,916.66375,791.092,773,531.4420,470,087.75
Revenue (%)
EBITDA -7.31-22.42-36.20-16.22-9.83-1,705.75-12,589.30-92,915.48-685,764.02-5,061,291.02
EBITDA (%)
EBIT -7.98-23.40-37.99-18.36-15.93-1,859.71-13,725.64-101,302.30-747,663.03-5,518,137.52
EBIT (%)
Depreciation 0.670.981.792.146.10153.971,136.358,386.8261,899.01456,846.51
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 9.179.130.051.4748.971,889.7513,947.31102,938.35759,737.935,607,256.51
Total Cash (%)
Account Receivables 0.588.478.489.4141.62290.202,141.8615,808.01116,671.26861,093.89
Account Receivables (%)
Inventories 2.8352.1957.3821.36201.671,458.4210,763.8679,442.83586,328.964,327,409.10
Inventories (%)
Accounts Payable 1.097.538.7312.7155.81411.893,039.9722,436.53165,593.111,222,162.29
Accounts Payable (%)
Capital Expenditure -1.13-2.17-3.21-2.32-9.59-259.51-1,915.33-14,136.14-104,332.02-770,023.91
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 16.92
Beta 2.479
Diluted Shares Outstanding 2.18
Cost of Debt
Tax Rate 69.02
After-tax Cost of Debt 0.92%
Risk-Free Rate
Market Risk Premium
Cost of Equity 15.503
Total Debt 522.39
Total Equity 36.96
Total Capital 559.35
Debt Weighting 93.39
Equity Weighting 6.61
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 7.31156.40840.63416.43934.736,898.8050,916.66375,791.092,773,531.4420,470,087.75
EBITDA -7.31-22.42-36.20-16.22-9.83-1,705.75-12,589.30-92,915.48-685,764.02-5,061,291.02
EBIT -7.98-23.40-37.99-18.36-15.93-1,859.71-13,725.64-101,302.30-747,663.03-5,518,137.52
Tax Rate 0.00%0.00%0.00%0.00%69.02%13.80%13.80%13.80%13.80%13.80%
EBIAT -7.98-23.40-37.99-18.36-4.93-1,603-11,830.99-87,318.77-644,457.43-4,756,427.11
Depreciation 0.670.981.792.146.10153.971,136.358,386.8261,899.01456,846.51
Accounts Receivable --7.89-0.02-0.93-32.21-248.59-1,851.65-13,666.16-100,863.25-744,422.63
Inventories --49.36-5.1936.02-180.31-1,256.75-9,305.45-68,678.97-506,886.12-3,741,080.14
Accounts Payable -6.431.203.9843.10356.082,628.0819,396.56143,156.581,056,569.18
Capital Expenditure -1.13-2.17-3.21-2.32-9.59-259.51-1,915.33-14,136.14-104,332.02-770,023.91
UFCF -8.44-75.40-43.4120.53-177.84-2,857.80-21,139-156,016.67-1,151,483.22-8,498,538.10
WACC
PV UFCF -2,805.07-20,366.04-147,538.10-1,068,813.35-7,742,826.80
SUM PV UFCF -8,982,349.35

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 1.88
Free cash flow (t + 1) -8,668,508.87
Terminal Value 7,223,757,387.54
Present Value of Terminal Value 6,581,402,777.64

Intrinsic Value

Enterprise Value 6,572,420,428.29
Net Debt 473.42
Equity Value 6,572,419,954.88
Shares Outstanding 2.18
Equity Value Per Share 3,008,742,261.69