Discounted Cash Flow (DCF) Analysis Unlevered

SenesTech, Inc. (SNES)

$0.55

-0.02 (-3.61%)
All numbers are in Millions, Currency in USD
Stock DCF: -29,178.21 | 0.55 | overvalue

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 0.050.300.140.260.601.55410.3126.6168.68
Revenue (%)
EBITDA -11.81-11.39-9.56-7.62-7.95-116.16-299.78-773.65-1,996.57-5,152.55
EBITDA (%)
EBIT -12.20-11.83-9.98-7.91-8.26-120.36-310.60-801.57-2,068.61-5,338.45
EBIT (%)
Depreciation 0.390.450.410.290.304.1910.8227.9172.04185.90
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 7.124.921.943.649.3360.94157.26405.831,047.332,702.85
Total Cash (%)
Account Receivables 0.020.140.150.030.080.631.634.2110.8728.06
Account Receivables (%)
Inventories 0.541.261.180.9518.7422.5558.19150.17387.54
Inventories (%)
Accounts Payable 0.390.170.270.400.333.749.6524.9164.28165.88
Accounts Payable (%)
Capital Expenditure -0.90-0.24-0.070.050-5.69-14.69-37.92-97.87-252.56
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.55
Beta 1.238
Diluted Shares Outstanding 3.01
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 1.98%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.667
Total Debt 0.56
Total Equity 1.65
Total Capital 2.21
Debt Weighting 25.13
Equity Weighting 74.87
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 0.050.300.140.260.601.55410.3126.6168.68
EBITDA -11.81-11.39-9.56-7.62-7.95-116.16-299.78-773.65-1,996.57-5,152.55
EBIT -12.20-11.83-9.98-7.91-8.26-120.36-310.60-801.57-2,068.61-5,338.45
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -12.20-11.83-9.98-7.91-8.26-120.36-310.60-801.57-2,068.61-5,338.45
Depreciation 0.390.450.410.290.304.1910.8227.9172.04185.90
Accounts Receivable --0.12-0.010.12-0.05-0.56-1-2.58-6.66-17.19
Inventories --0.720.080.23-0.06-7.74-13.81-35.64-91.98-237.37
Accounts Payable --0.220.090.14-0.073.415.9115.2639.37101.60
Capital Expenditure -0.90-0.24-0.070.050-5.69-14.69-37.92-97.87-252.56
UFCF -12.71-12.69-9.47-7.08-8.13-126.74-323.38-834.54-2,153.71-5,558.07
WACC
PV UFCF -118.46-282.50-681.43-1,643.67-3,964.68
SUM PV UFCF -6,690.74

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.99
Free cash flow (t + 1) -5,669.23
Terminal Value -113,611.91
Present Value of Terminal Value -81,041.58

Intrinsic Value

Enterprise Value -87,732.33
Net Debt -8.77
Equity Value -87,723.56
Shares Outstanding 3.01
Equity Value Per Share -29,178.21