Discounted Cash Flow (DCF) Analysis Unlevered

Pareteum Corporation (TEUM)

$0.0001

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.24 | 0.0001 | overvalue

Operating Data

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 12.8613.5532.4462.0569.64112.87182.94296.52480.60778.97
Revenue (%)
EBITDA -19.89-2.92-7.20-219.39-24.78-132.65-215.01-348.49-564.84-915.50
EBITDA (%)
EBIT -24.14-7.46-12.63-232.33-35.57-159.65-258.76-419.40-679.78-1,101.80
EBIT (%)
Depreciation 4.254.535.4312.9410.8026.9943.7570.91114.94186.30
Depreciation (%)

Balance Sheet Data

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash 0.9313.546.054.458.2832.7153.0185.92139.26225.71
Total Cash (%)
Account Receivables 0.612.0615.369.3512.7122.7236.8359.6996.75156.81
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 2.321.9810.3430.3736.0337.2960.4497.97158.79257.36
Accounts Payable (%)
Capital Expenditure -1.41-0.72-4.12-7.12-7.82-11.68-18.93-30.68-49.73-80.61
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.0,001
Beta 0.803
Diluted Shares Outstanding 138.74
Cost of Debt
Tax Rate 0.12
After-tax Cost of Debt 92.46%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.094
Total Debt 9.88
Total Equity 0.01
Total Capital 9.89
Debt Weighting 99.86
Equity Weighting 0.14
Wacc

Build Up Free Cash

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 12.8613.5532.4462.0569.64112.87182.94296.52480.60778.97
EBITDA -19.89-2.92-7.20-219.39-24.78-132.65-215.01-348.49-564.84-915.50
EBIT -24.14-7.46-12.63-232.33-35.57-159.65-258.76-419.40-679.78-1,101.80
Tax Rate -0.12%-0.87%1.10%3.53%0.12%0.75%0.75%0.75%0.75%0.75%
EBIAT -24.17-7.52-12.49-224.13-35.53-158.45-256.82-416.26-674.68-1,093.53
Depreciation 4.254.535.4312.9410.8026.9943.7570.91114.94186.30
Accounts Receivable --1.44-13.306.01-3.36-10.01-14.11-22.86-37.06-60.06
Inventories ----------
Accounts Payable --0.348.3620.045.661.2623.1537.5260.8298.58
Capital Expenditure -1.41-0.72-4.12-7.12-7.82-11.68-18.93-30.68-49.73-80.61
UFCF -21.33-5.49-16.13-192.26-30.26-151.89-222.95-361.36-585.71-949.33
WACC
PV UFCF -78.97-60.27-50.78-42.80-36.06
SUM PV UFCF -268.88

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 92.34
Free cash flow (t + 1) -968.31
Terminal Value -1,071.86
Present Value of Terminal Value -40.72

Intrinsic Value

Enterprise Value -309.60
Net Debt 1.60
Equity Value -311.20
Shares Outstanding 138.74
Equity Value Per Share -2.24