Discounted Cash Flow (DCF) Analysis Levered
Lonestar Resources US Inc (LONE)
$ 7.5
0 (0.00%)
Free Cash Flow
Year A/P | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 81.69 | 57.97 | 94.07 | 201.17 | 195.15 | 10.90 | 11.98 | 13.17 | 14.48 | 15.92 | 17.51 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| Operating Cash Flow | 50.85 | 24.27 | 43.45 | 88.07 | 80.32 | 12.99 | 7.08 | 7.78 | 8.55 | 9.40 | 10.34 |
| Operating Cash Flow (%) | |||||||||||
| Capital Expenditure | -94.52 | -43.96 | -208.74 | -219.47 | -157.76 | -0 | -12.05 | -13.25 | -14.57 | -16.01 | -17.60 |
| Capital Expenditure (%) | |||||||||||
| Free Cash Flow | -43.67 | -19.69 | -165.30 | -131.40 | -77.44 | 12.98 | -4.97 | -5.47 | -6.01 | -6.61 | -7.27 |
Weighted Average Cost Of Capital
| Share price | $ 7.5 |
|---|---|
| Beta | 3.282 |
| Diluted Shares Outstanding | 25.36 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 28.581 |
| Total Debt | 255.33 |
| Total Equity | 190.21 |
| Total Capital | 445.54 |
| Debt Weighting | 57.31 |
| Equity Weighting | 42.69 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 81.69 | 57.97 | 94.07 | 201.17 | 195.15 | 10.90 | 11.98 | 13.17 | 14.48 | 15.92 | 17.51 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 50.85 | 24.27 | 43.45 | 88.07 | 80.32 | 12.99 | 7.08 | 7.78 | 8.55 | 9.40 | 10.34 |
| Capital Expenditure | -94.52 | -43.96 | -208.74 | -219.47 | -157.76 | -0 | -12.05 | -13.25 | -14.57 | -16.01 | -17.60 |
| Free Cash Flow | -43.67 | -19.69 | -165.30 | -131.40 | -77.44 | 12.98 | -4.97 | -5.47 | -6.01 | -6.61 | -7.27 |
| WACC | |||||||||||
| PV LFCF | -5.72 | -5.47 | -5.22 | -4.99 | -4.77 | ||||||
| SUM PV LFCF | -19.77 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 15.07 |
| Free cash flow (t + 1) | -7.56 |
| Terminal Value | -68.26 |
| Present Value of Terminal Value | -33.83 |
Intrinsic Value
| Enterprise Value | -53.60 |
|---|---|
| Net Debt | 237.85 |
| Equity Value | -291.46 |
| Shares Outstanding | 25.36 |
| Equity Value Per Share | -11.49 |