Discounted Cash Flow (DCF) Analysis Unlevered
Uranium Participation Corporation (U.TO)
$5.11
-0.18 (-%)
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 | 0.82 | 0.22 | 0.54 | 0.54 | 1.54 | 2.51 | 4.09 | 6.67 | 10.87 | 17.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | -206.03 | -37.26 | 170.65 | -58.67 | 40.38 | -92.42 | -150.74 | -245.88 | -401.06 | -654.18 |
| EBITDA (%) | ||||||||||
| EBIT | - | - | - | - | - | -92.42 | -150.74 | -245.88 | -401.06 | -654.18 |
| EBIT (%) | ||||||||||
| Depreciation | - | - | - | - | - | - | - | - | - | - |
| 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 | 5.11 | 4.84 | 5.80 | 3.17 | 1.63 | 22.78 | 37.15 | 60.60 | 98.85 | 161.24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 0.48 | 5.12 | 0.86 | 0.12 | 0.06 | 12.67 | 20.66 | 33.70 | 54.98 | 89.67 |
| Account Receivables (%) | ||||||||||
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | 1.76 | 2.38 | 0.99 | 1 | 0.68 | 8.47 | 13.81 | 22.53 | 36.74 | 59.93 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | -17.01 | -34.97 | -20.15 | -5.98 | -1.96 | -113.45 | -185.06 | -301.85 | -492.36 | -803.09 |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 5.11 |
|---|---|
| Beta | 0.570 |
| Diluted Shares Outstanding | 138.06 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.222 |
| Total Debt | - |
| Total Equity | 705.49 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 0.82 | 0.22 | 0.54 | 0.54 | 1.54 | 2.51 | 4.09 | 6.67 | 10.87 | 17.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -206.03 | -37.26 | 170.65 | -58.67 | 40.38 | -92.42 | -150.74 | -245.88 | -401.06 | -654.18 |
| EBIT | - | - | - | - | - | -92.42 | -150.74 | -245.88 | -401.06 | -654.18 |
| Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EBIAT | - | - | - | - | - | -92.42 | -150.74 | -245.88 | -401.06 | -654.18 |
| Depreciation | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | -4.63 | 4.26 | 0.74 | 0.06 | -12.61 | -8 | -13.04 | -21.27 | -34.70 |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | 0.62 | -1.40 | 0.02 | -0.32 | 7.79 | 5.34 | 8.72 | 14.22 | 23.19 |
| Capital Expenditure | -17.01 | -34.97 | -20.15 | -5.98 | -1.96 | -113.45 | -185.06 | -301.85 | -492.36 | -803.09 |
| UFCF | - | - | - | - | - | -210.69 | -338.45 | -552.06 | -900.47 | -1,468.78 |
| WACC | ||||||||||
| PV UFCF | - | - | - | - | - | |||||
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -1,498.15 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -1.63 |
| Equity Value | - |
| Shares Outstanding | 138.06 |
| Equity Value Per Share | - |