Discounted Cash Flow (DCF) Analysis Levered
Precipio Inc (PRPO)
$2.4106
0.0806 (+3.46%)
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 | 27.54 | 27.08 | 1.65 | 1.56 | 1.72 | 2.86 | 3.13 | 3.05 | 2.97 | 2.89 | 2.82 | 2.75 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||||
| Operating Cash Flow | -8.47 | -13.70 | -12.38 | -3.55 | -6.69 | -6.75 | -9.14 | -8.60 | -8.38 | -8.16 | -7.95 | -7.75 |
| Operating Cash Flow (%) | ||||||||||||
| Capital Expenditure | -0.61 | -0.13 | -0.20 | -0.02 | -0.14 | -0.10 | -0.05 | -0.13 | -0.13 | -0.12 | -0.12 | -0.12 |
| Capital Expenditure (%) | ||||||||||||
| Free Cash Flow | -9.08 | -13.83 | -12.58 | -3.57 | -6.83 | -6.85 | -9.20 | -8.72 | -8.50 | -8.29 | -8.07 | -7.87 |
Weighted Average Cost Of Capital
| Share price | $ 2.4,106 |
|---|---|
| Beta | 2.960 |
| 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 | 26.021 |
| Total Debt | 1.36 |
| Total Equity | 13.73 |
| Total Capital | 15.09 |
| Debt Weighting | 9.00 |
| Equity Weighting | 91.00 |
| 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 | 27.54 | 27.08 | 1.65 | 1.56 | 1.72 | 2.86 | 3.13 | 3.05 | 2.97 | 2.89 | 2.82 | 2.75 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -8.47 | -13.70 | -12.38 | -3.55 | -6.69 | -6.75 | -9.14 | -8.60 | -8.38 | -8.16 | -7.95 | -7.75 |
| Capital Expenditure | -0.61 | -0.13 | -0.20 | -0.02 | -0.14 | -0.10 | -0.05 | -0.13 | -0.13 | -0.12 | -0.12 | -0.12 |
| Free Cash Flow | -9.08 | -13.83 | -12.58 | -3.57 | -6.83 | -6.85 | -9.20 | -8.72 | -8.50 | -8.29 | -8.07 | -7.87 |
| WACC | ||||||||||||
| PV LFCF | -7.03 | -5.52 | -4.33 | -3.40 | -2.67 | |||||||
| SUM PV LFCF | -22.95 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 24.13 |
| Free cash flow (t + 1) | -8.18 |
| Terminal Value | -40.65 |
| Present Value of Terminal Value | -13.79 |
Intrinsic Value
| Enterprise Value | -36.74 |
|---|---|
| Net Debt | -0.02 |
| Equity Value | -36.73 |
| Shares Outstanding | 5.70 |
| Equity Value Per Share | -6.45 |