Discounted Cash Flow (DCF) Analysis Unlevered

Unisync Corp. (UNI.TO)

$1.65

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.42 | 1.65 | 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 76.8477.9993.1086.2996.31102.37108.81115.66122.93130.67
Revenue (%)
EBITDA 9.39-2.154.142.464.314.354.624.925.225.55
EBITDA (%)
EBIT 8.44-3.870.89-1.350.291.171.241.321.401.49
EBIT (%)
Depreciation 0.951.723.263.814.023.183.383.593.824.06
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 0.210.020.220.280.100.200.210.220.240.25
Total Cash (%)
Account Receivables 4.6611.248.6611.7313.2711.7012.4413.2214.0514.93
Account Receivables (%)
Inventories 21.6444.0939.4836.2156.2046.5649.4952.6055.9159.43
Inventories (%)
Accounts Payable 5.236.263.865.0112.587.758.248.769.319.89
Accounts Payable (%)
Capital Expenditure -0.42-2.55-1.82-1.50-0.68-1.68-1.79-1.90-2.02-2.15
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 1.65
Beta 1.549
Diluted Shares Outstanding 19.02
Cost of Debt
Tax Rate -23.99
After-tax Cost of Debt 3.83%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.056
Total Debt 45.30
Total Equity 31.39
Total Capital 76.69
Debt Weighting 59.07
Equity Weighting 40.93
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 76.8477.9993.1086.2996.31102.37108.81115.66122.93130.67
EBITDA 9.39-2.154.142.464.314.354.624.925.225.55
EBIT 8.44-3.870.89-1.350.291.171.241.321.401.49
Tax Rate 7.11%23.14%11.23%13.77%-23.99%6.25%6.25%6.25%6.25%6.25%
EBIAT 7.84-2.980.79-1.170.361.101.171.241.321.40
Depreciation 0.951.723.263.814.023.183.383.593.824.06
Accounts Receivable --6.582.58-3.07-1.551.57-0.74-0.78-0.83-0.88
Inventories --22.454.603.28-19.999.64-2.93-3.11-3.31-3.52
Accounts Payable -1.03-2.401.157.57-4.830.490.520.550.59
Capital Expenditure -0.42-2.55-1.82-1.50-0.68-1.68-1.79-1.90-2.02-2.15
UFCF 8.38-31.8072.50-10.268.98-0.42-0.45-0.47-0.50
WACC
PV UFCF 8.41-0.37-0.37-0.37-0.36
SUM PV UFCF 6.94

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.79
Free cash flow (t + 1) -0.51
Terminal Value -10.75
Present Value of Terminal Value -7.74

Intrinsic Value

Enterprise Value -0.80
Net Debt 45.20
Equity Value -46
Shares Outstanding 19.02
Equity Value Per Share -2.42