Discounted Cash Flow (DCF) Analysis Unlevered

SharpLink Gaming Ltd. (SBET)

$0.503

-0.06 (-10.19%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 0.503 | 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 8.635.865.194.024.153.502.952.492.101.77
Revenue (%)
EBITDA -1.65-1.04-0.05-2.11-55.37-9.97-8.41-7.09-5.97-5.04
EBITDA (%)
EBIT -1.78-1.12-0.13-2.14-55.64-10.05-8.47-7.14-6.02-5.08
EBIT (%)
Depreciation 0.120.080.080.030.270.080.070.060.050.04
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 1.331.151.731.506.761.881.581.341.130.95
Total Cash (%)
Account Receivables 1.690.650.560.431.240.570.480.410.340.29
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 1.290.160.150.110.240.210.170.150.120.10
Accounts Payable (%)
Capital Expenditure -0.05-0.01-0.06-0-0.26-0.06-0.05-0.04-0.04-0.03
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.503
Beta 0.000
Diluted Shares Outstanding 5.01
Cost of Debt
Tax Rate -0.04
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.529
Total Debt 0.17
Total Equity 2.52
Total Capital 2.69
Debt Weighting 6.16
Equity Weighting 93.84
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 8.635.865.194.024.153.502.952.492.101.77
EBITDA -1.65-1.04-0.05-2.11-55.37-9.97-8.41-7.09-5.97-5.04
EBIT -1.78-1.12-0.13-2.14-55.64-10.05-8.47-7.14-6.02-5.08
Tax Rate -2.55%-39.29%28.19%13.69%-0.04%0.00%0.00%0.00%0.00%0.00%
EBIAT -1.82-1.57-0.09-1.85-55.66-10.05-8.47-7.14-6.02-5.08
Depreciation 0.120.080.080.030.270.080.070.060.050.04
Accounts Receivable -1.040.090.13-0.810.670.090.080.060.05
Inventories ----------
Accounts Payable --1.12-0.01-0.040.13-0.04-0.03-0.03-0.02-0.02
Capital Expenditure -0.05-0.01-0.06-0.01-0.26-0.06-0.05-0.04-0.04-0.03
UFCF -1.75-1.58-0-1.72-56.33-9.40-8.40-7.08-5.97-5.03
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -5.13
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -6.59
Equity Value -
Shares Outstanding 5.01
Equity Value Per Share -