Discounted Cash Flow (DCF) Analysis Levered

Live Ventures Inc

Live Ventures Inc (LIVE)

$20.04
-0.42 (-2.05%)

Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 2.357.2733.3778.95152.06199.63193.29191.72417.60909.591,981.254,315.489,399.81
Revenue (%)
Operating Cash Flow -1.81-5.19-1.026.067.8711.8219.0528.79-56.19-122.40-266.60-580.70-1,264.85
Operating Cash Flow (%)
Capital Expenditure -0.14-0.10-0.22-1.38-6.51-9.39-2.603.88-9.44-20.56-44.78-97.53-212.44
Capital Expenditure (%)
Free Cash Flow -1.95-5.29-1.244.691.362.4316.4532.67-65.63-142.95-311.38-678.23-1,477.29

Weighted Average Cost Of Capital

Share price $ 20.04
Beta 1.276
Diluted Shares Outstanding 3.36
Cost of Debt
Tax Rate 31.74
After-tax Cost of Debt 3.41%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.614
Total Debt 88.12
Total Equity 67.26
Total Capital 155.38
Debt Weighting 56.72
Equity Weighting 43.28
Wacc

Build Up Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 2.357.2733.3778.95152.06199.63193.29191.72417.60909.591,981.254,315.489,399.81
Operating Cash Flow -1.81-5.19-1.026.067.8711.8219.0528.79-56.19-122.40-266.60-580.70-1,264.85
Capital Expenditure -0.14-0.10-0.22-1.38-6.51-9.39-2.603.88-9.44-20.56-44.78-97.53-212.44
Free Cash Flow -1.95-5.29-1.244.691.362.4316.4532.67-65.63-142.95-311.38-678.23-1,477.29
WACC
PV LFCF -56.90-115.39-234.03-474.63-962.59
SUM PV LFCF -1,979.96

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.40
Free cash flow (t + 1) -1,536.38
Terminal Value -45,187.71
Present Value of Terminal Value -31,622.70

Intrinsic Value

Enterprise Value -33,602.65
Net Debt 79.14
Equity Value -33,681.79
Shares Outstanding 3.36
Equity Value Per Share -10,036.16