Discounted Cash Flow (DCF) Analysis Unlevered
TraqIQ, Inc. (TRIQ)
$0.35
0.00 (0.00%)
All numbers are in Millions, Currency in USD
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 | 0.06 | 0.18 | 0.68 | 1.01 | 2.71 | 7.32 | 19.78 | 53.42 | 144.28 | 389.64 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | -0.29 | -0.23 | -0.43 | -0.89 | -7.61 | -14.87 | -40.16 | -108.47 | -292.93 | -791.10 |
| EBITDA (%) | ||||||||||
| EBIT | -0.29 | -0.23 | -0.45 | -0.92 | -7.69 | -15.09 | -40.75 | -110.04 | -297.17 | -802.56 |
| EBIT (%) | ||||||||||
| Depreciation | 0 | 0.01 | 0.02 | 0.03 | 0.08 | 0.22 | 0.58 | 1.57 | 4.24 | 11.46 |
| 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 | 0 | 0 | 0.01 | 0.03 | 0.06 | 0.15 | 0.41 | 1.11 | 2.99 | 8.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 0 | 0.01 | 0.60 | 0.75 | 0.77 | 2.99 | 8.08 | 21.82 | 58.92 | 159.12 |
| Account Receivables (%) | ||||||||||
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | - | - | 0.88 | 1.16 | 2.15 | 7.91 | 21.38 | 57.73 | 155.90 | 421.03 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | - | - | -0 | -0 | -0.01 | -0.03 | -0.07 | -0.19 | -0.52 | -1.42 |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 0.35 |
|---|---|
| Beta | 5.215 |
| Diluted Shares Outstanding | 3.93 |
| Cost of Debt | |
| Tax Rate | -1.34 |
| After-tax Cost of Debt | -25.78% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 28.148 |
| Total Debt | 5.14 |
| Total Equity | 1.38 |
| Total Capital | 6.52 |
| Debt Weighting | 78.90 |
| Equity Weighting | 21.10 |
| 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 | 0.06 | 0.18 | 0.68 | 1.01 | 2.71 | 7.32 | 19.78 | 53.42 | 144.28 | 389.64 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -0.29 | -0.23 | -0.43 | -0.89 | -7.61 | -14.87 | -40.16 | -108.47 | -292.93 | -791.10 |
| EBIT | -0.29 | -0.23 | -0.45 | -0.92 | -7.69 | -15.09 | -40.75 | -110.04 | -297.17 | -802.56 |
| Tax Rate | 0.00% | 0.00% | 0.00% | -0.13% | -1.34% | -0.29% | -0.29% | -0.29% | -0.29% | -0.29% |
| EBIAT | -0.29 | -0.23 | -0.45 | -0.92 | -7.79 | -15.13 | -40.87 | -110.36 | -298.05 | -804.92 |
| Depreciation | 0 | 0.01 | 0.02 | 0.03 | 0.08 | 0.22 | 0.58 | 1.57 | 4.24 | 11.46 |
| Accounts Receivable | - | -0.01 | -0.59 | -0.15 | -0.02 | -2.22 | -5.09 | -13.74 | -37.10 | -100.20 |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | 0.28 | 0.98 | 5.77 | 13.46 | 36.35 | 98.17 | 265.13 |
| Capital Expenditure | - | - | -0 | -0 | -0.01 | -0.03 | -0.07 | -0.19 | -0.52 | -1.42 |
| UFCF | -0.29 | -0.23 | -1.02 | -0.76 | -6.76 | -11.39 | -31.98 | -86.37 | -233.26 | -629.95 |
| WACC | ||||||||||
| PV UFCF | -13.31 | -43.65 | -137.71 | -434.46 | -1,370.69 | |||||
| SUM PV UFCF | -1,999.81 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | -14.40 |
| Free cash flow (t + 1) | -642.55 |
| Terminal Value | 3,918.01 |
| Present Value of Terminal Value | 8,525.04 |
Intrinsic Value
| Enterprise Value | 6,525.22 |
|---|---|
| Net Debt | 5.09 |
| Equity Value | 6,520.14 |
| Shares Outstanding | 3.93 |
| Equity Value Per Share | 1,658.73 |