Discounted Cash Flow (DCF) Analysis Levered
Precipio Inc. (PRPO)
$3.97
0.8 (+25.24%)
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 |
| Revenue | 27.54 | 27.08 | 1.65 | 1.56 | 1.72 | 2.86 | 4.05 | 4.16 | 4.28 | 4.40 | 4.53 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| Operating Cash Flow | -8.47 | -13.70 | -12.38 | -3.55 | -6.69 | -6.75 | -9.14 | -11.35 | -11.67 | -12.01 | -12.34 |
| Operating Cash Flow (%) | |||||||||||
| Capital Expenditure | 0.61 | 0.13 | 0.20 | 0.02 | 0.14 | 0.10 | 0.06 | 0.17 | 0.18 | 0.18 | 0.19 |
| Capital Expenditure (%) | |||||||||||
| Free Cash Flow | -7.87 | -13.57 | -12.17 | -3.53 | -6.55 | -6.66 | -9.09 | -11.18 | -11.50 | -11.82 | -12.16 |
Weighted Average Cost Of Capital
Weighted Average Cost Of Capital
| Share price | $ 3.97 |
|---|---|
| Diluted Shares Outstanding | 5.70 |
| Cost of Debt | |
| Tax Rate | 0.53 |
| After-tax Cost of Debt | 4.97% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 30.65 |
| Total Debt | 0.66 |
| Total Equity | 22.61 |
| Total Capital | 22.93 |
| Debt Weighting | 1.40 |
| Equity Weighting | 98.60 |
| 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 |
| Revenue | 27.54 | 27.08 | 1.65 | 1.56 | 1.72 | 2.86 | 4.05 | 4.16 | 4.28 | 4.40 | 4.53 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -8.47 | -13.70 | -12.38 | -3.55 | -6.69 | -6.75 | -9.14 | -11.35 | -11.67 | -12.01 | -12.34 |
| Capital Expenditure | 0.61 | 0.13 | 0.20 | 0.02 | 0.14 | 0.10 | 0.06 | 0.17 | 0.18 | 0.18 | 0.19 |
| Free Cash Flow | -7.87 | -13.57 | -12.17 | -3.53 | -6.55 | -6.66 | -9.09 | -11.18 | -11.50 | -11.82 | -12.16 |
| WACC | |||||||||||
| PV LFCF | -8.58 | -6.77 | -5.34 | -4.22 | |||||||
| SUM PV LFCF | -30.18 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 30.29 |
| Free cash flow (t + 1) | -23.43 |
| Terminal Value | -89.13 |
| Present Value of Terminal Value | -23.74 |
Intrinsic Value
| Enterprise Value | -69.02 |
|---|---|
| Net Debt | -0.53 |
| Equity Value | -68.50 |
| Shares Outstanding | 5.70 |
| Equity Value Per Share | -7.46 |