Discounted Cash Flow (DCF) Analysis Levered

Revolution Lighting Technologies Inc

Revolution Lighting Technologies In... (RVLT)

$0.11
0 (0.00%)

Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
Revenue 26.0676.84129.66172.12152.31260.77446.47764.391,308.702,240.62
Revenue (%)
Operating Cash Flow -8.15-14.30-16.69-6.20-7.00-37.00-63.35-108.46-185.69-317.92
Operating Cash Flow (%)
Capital Expenditure -0.14-0.49-0.46-0.56-1.06-1.32-2.26-3.86-6.61-11.32
Capital Expenditure (%)
Free Cash Flow -8.28-14.79-17.15-6.76-8.06-38.32-65.61-112.32-192.31-329.25

Weighted Average Cost Of Capital

Share price $ 0.11
Beta 0.910
Diluted Shares Outstanding 20.85
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.706
Total Debt 53.42
Total Equity 2.29
Total Capital 55.71
Debt Weighting 95.88
Equity Weighting 4.12
Wacc

Build Up Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
Revenue 26.0676.84129.66172.12152.31260.77446.47764.391,308.702,240.62
Operating Cash Flow -8.15-14.30-16.69-6.20-7.00-37.00-63.35-108.46-185.69-317.92
Capital Expenditure -0.14-0.49-0.46-0.56-1.06-1.32-2.26-3.86-6.61-11.32
Free Cash Flow -8.28-14.79-17.15-6.76-8.06-38.32-65.61-112.32-192.31-329.25
WACC
PV LFCF -40.31-65.61-106.78-173.80-282.88
SUM PV LFCF -604.95

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.19
Free cash flow (t + 1) -342.42
Terminal Value -28,774.55
Present Value of Terminal Value -22,342.73

Intrinsic Value

Enterprise Value -22,947.68
Net Debt 52.47
Equity Value -23,000.15
Shares Outstanding 20.85
Equity Value Per Share -1,103.28