Discounted Cash Flow (DCF) Analysis Unlevered

Energous Corporation (WATT)

$1.03

-0.01 (-0.96%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 1.03 | undervalue

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 1.150.510.200.330.760.901.081.291.551.85
Revenue (%)
EBITDA -48.07-49.79-37.62-31.48-41.17-86.29-103.17-123.35-147.48-176.32
EBITDA (%)
EBIT -49.38-50.84-38.40-31.83-41.43-87.84-105.01-125.55-150.11-179.47
EBIT (%)
Depreciation 1.311.050.780.360.261.541.842.202.633.15
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 12.8020.1121.6850.7349.0768.4681.8597.85116.99139.88
Total Cash (%)
Account Receivables -0.040.060.080.280.230.270.330.390.47
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 2.021.861.671.101.213.384.044.835.776.90
Accounts Payable (%)
Capital Expenditure -0.82-0.86-0.20-0.14-0.37-0.77-0.92-1.10-1.32-1.57
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 1.03
Beta 2.600
Diluted Shares Outstanding 41.64
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 16.078
Total Debt 0.67
Total Equity 42.89
Total Capital 43.56
Debt Weighting 1.54
Equity Weighting 98.46
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 1.150.510.200.330.760.901.081.291.551.85
EBITDA -48.07-49.79-37.62-31.48-41.17-86.29-103.17-123.35-147.48-176.32
EBIT -49.38-50.84-38.40-31.83-41.43-87.84-105.01-125.55-150.11-179.47
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -49.38-50.84-38.40-31.83-41.43-87.84-105.01-125.55-150.11-179.47
Depreciation 1.311.050.780.360.261.541.842.202.633.15
Accounts Receivable ---0.02-0.01-0.210.06-0.04-0.05-0.06-0.08
Inventories ----------
Accounts Payable --0.16-0.19-0.570.112.170.660.790.941.13
Capital Expenditure -0.82-0.86-0.20-0.14-0.37-0.77-0.92-1.10-1.32-1.57
UFCF -48.88-50.81-38.02-32.20-41.63-84.84-103.48-123.72-147.91-176.84
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -180.38
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -48.40
Equity Value -
Shares Outstanding 41.64
Equity Value Per Share -