Discounted Cash Flow (DCF) Analysis Unlevered

Sharing Services Global Corporation (SHRG)

$0.0207

-0.00 (-2.13%)
All numbers are in Millions, Currency in USD
Stock DCF: -10.34 | 0.0207 | overvalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 8.3985.92131.3964.8134.42110.09352.071,125.923,600.7211,515.17
Revenue (%)
EBITDA -35.2123.234.42-1.62-7.28-90.88-290.65-929.49-2,972.53-9,506.21
EBITDA (%)
EBIT -35.2223.153.70-1.78-7.94-91.53-292.71-936.08-2,993.60-9,573.58
EBIT (%)
Depreciation 0.010.080.710.160.660.642.066.5921.0667.36
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 0.773.9111.7412.1417.022063.96204.54654.142,091.95
Total Cash (%)
Account Receivables 1.838.314.191.721.989.4930.3597.06310.39992.64
Account Receivables (%)
Inventories 0.242.884.802.474.375.8018.5559.33189.73606.76
Inventories (%)
Accounts Payable 0.531.110.771.300.992.869.1529.2693.57299.23
Accounts Payable (%)
Capital Expenditure -0.13-0.30-0.16-1.10-9.33-6.78-21.67-69.30-221.62-708.76
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.0,207
Beta 2.498
Diluted Shares Outstanding 206.21
Cost of Debt
Tax Rate 15.07
After-tax Cost of Debt 98.76%
Risk-Free Rate
Market Risk Premium
Cost of Equity 15.112
Total Debt 10.49
Total Equity 4.27
Total Capital 14.76
Debt Weighting 71.09
Equity Weighting 28.91
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 8.3985.92131.3964.8134.42110.09352.071,125.923,600.7211,515.17
EBITDA -35.2123.234.42-1.62-7.28-90.88-290.65-929.49-2,972.53-9,506.21
EBIT -35.2223.153.70-1.78-7.94-91.53-292.71-936.08-2,993.60-9,573.58
Tax Rate 0.00%0.00%14.82%32.50%15.07%12.48%12.48%12.48%12.48%12.48%
EBIAT -35.2223.153.16-1.20-6.74-80.11-256.19-819.29-2,620.10-8,379.12
Depreciation 0.010.080.710.160.660.642.066.5921.0667.36
Accounts Receivable --6.484.122.48-0.27-7.51-20.86-66.71-213.33-682.25
Inventories --2.65-1.922.33-1.90-1.43-12.75-40.78-130.40-417.03
Accounts Payable -0.58-0.340.52-0.311.886.2920.1164.31205.66
Capital Expenditure -0.13-0.30-0.16-1.10-9.33-6.78-21.67-69.30-221.62-708.76
UFCF -35.3314.395.573.19-17.90-93.30-303.12-969.38-3,100.08-9,914.12
WACC
PV UFCF -53.44-99.45-182.18-333.73-611.34
SUM PV UFCF -1,280.15

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 74.58
Free cash flow (t + 1) -10,112.40
Terminal Value -13,932.77
Present Value of Terminal Value -859.14

Intrinsic Value

Enterprise Value -2,139.29
Net Debt -6.53
Equity Value -2,132.76
Shares Outstanding 206.21
Equity Value Per Share -10.34