Discounted Cash Flow (DCF) Analysis Unlevered

Zogenix, Inc. (ZGNX)

$26.68

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 26.68 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 9.82---------
Revenue (%)
EBITDA -123.75---------
EBITDA (%)
EBIT -124.17---------
EBIT (%)
Depreciation 0.43---------
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 293.50---------
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 3.36---------
Accounts Payable (%)
Capital Expenditure -0.08---------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 26.68
Beta 0.899
Diluted Shares Outstanding 53.69
Cost of Debt
Tax Rate -0.05
After-tax Cost of Debt 9.07%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.109
Total Debt 168.48
Total Equity 1,432.39
Total Capital 1,600.87
Debt Weighting 10.52
Equity Weighting 89.48
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 9.82---------
EBITDA -123.75---------
EBIT -124.17---------
Tax Rate -0.63%-0.16%0.00%7.68%-0.05%1.37%1.37%1.37%1.37%1.37%
EBIAT -124.96---------
Depreciation 0.43---------
Accounts Receivable ----------
Inventories ----------
Accounts Payable ----------
Capital Expenditure -0.08-1.02-9.49-11.38-0.08-----
UFCF -124.61---------
WACC
PV UFCF ---------
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.21
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 67.30
Equity Value -
Shares Outstanding 53.69
Equity Value Per Share -