Discounted Cash Flow (DCF) Analysis Levered
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 | 2.35 | 7.27 | 33.37 | 78.95 | 152.06 | 199.63 | 193.29 | 191.72 | 417.60 | 909.59 | 1,981.25 | 4,315.48 | 9,399.81 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||||
| Operating Cash Flow | -1.81 | -5.19 | -1.02 | 6.06 | 7.87 | 11.82 | 19.05 | 28.79 | -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 | -2.60 | 3.88 | -9.44 | -20.56 | -44.78 | -97.53 | -212.44 |
| Capital Expenditure (%) | |||||||||||||
| Free Cash Flow | -1.95 | -5.29 | -1.24 | 4.69 | 1.36 | 2.43 | 16.45 | 32.67 | -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 | 2.35 | 7.27 | 33.37 | 78.95 | 152.06 | 199.63 | 193.29 | 191.72 | 417.60 | 909.59 | 1,981.25 | 4,315.48 | 9,399.81 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1.81 | -5.19 | -1.02 | 6.06 | 7.87 | 11.82 | 19.05 | 28.79 | -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 | -2.60 | 3.88 | -9.44 | -20.56 | -44.78 | -97.53 | -212.44 |
| Free Cash Flow | -1.95 | -5.29 | -1.24 | 4.69 | 1.36 | 2.43 | 16.45 | 32.67 | -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 |