Discounted Cash Flow (DCF) Analysis Levered
Celsion Corp (CLSN)
$2.155
0.095 (+4.61%)
Free Cash Flow
Year A/P | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected |
| Revenue | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||||
| Operating Cash Flow | -9.47 | -21.35 | -20.83 | -18.38 | -16.64 | -7.04 | -20.26 | - | - | - | - | - |
| Operating Cash Flow (%) | ||||||||||||
| Capital Expenditure | -0.06 | -0.67 | -0.11 | -0.06 | -0.04 | -0.14 | -0.35 | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||||
| Free Cash Flow | -9.53 | -22.03 | -20.94 | -18.44 | -16.68 | -7.18 | -20.61 | - | - | - | - | - |
Weighted Average Cost Of Capital
| Share price | $ 2.155 |
|---|---|
| Beta | 2.071 |
| Diluted Shares Outstanding | 21.83 |
| Cost of Debt | |
| Tax Rate | 9.73 |
| After-tax Cost of Debt | 4.51% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 18.946 |
| Total Debt | 15.95 |
| Total Equity | 47.05 |
| Total Capital | 63.00 |
| Debt Weighting | 25.32 |
| Equity Weighting | 74.68 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected |
| Revenue | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -9.47 | -21.35 | -20.83 | -18.38 | -16.64 | -7.04 | -20.26 | - | - | - | - | - |
| Capital Expenditure | -0.06 | -0.67 | -0.11 | -0.06 | -0.04 | -0.14 | -0.35 | - | - | - | - | - |
| Free Cash Flow | -9.53 | -22.03 | -20.94 | -18.44 | -16.68 | -7.18 | -20.61 | - | - | - | - | - |
| WACC | ||||||||||||
| PV LFCF | - | - | - | - | - | |||||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 15.29 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 9.07 |
| Equity Value | - |
| Shares Outstanding | 21.83 |
| Equity Value Per Share | - |