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 |