Discounted Cash Flow (DCF) Analysis Unlevered

Ocugen, Inc. (OCGN)

$ 6.285
0.025 (+0.40%)

Operating Data

Year
A/P
2013
Actual
2014
Projected
2015
Projected
2016
Projected
2017
Projected
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 0.01------------
Revenue (%)
EBITDA -16.22------------
EBITDA (%)
EBIT -16.79------------
EBIT (%)
Depreciation 0.57------------
Depreciation (%)

Balance Sheet Data

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash 8.73------------
Total Cash (%)
Account Receivables -------------
Account Receivables (%)
Inventories -------------
Inventories (%)
Accounts Payable 2.53------------
Accounts Payable (%)
Capital Expenditure -0.60------------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 6.285
Beta 2.594
Diluted Shares Outstanding 112.24
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 23.105
Total Debt 2.06
Total Equity 705.40
Total Capital 707.46
Debt Weighting 0.29
Equity Weighting 99.71
Wacc

Build Up Free Cash

Year
A/P
2013
Actual
2014
Projected
2015
Projected
2016
Projected
2017
Projected
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 0.01------------
EBITDA -16.22------------
EBIT -16.79------------
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -16.79------------
Depreciation 0.57------------
Accounts Receivable -------------
Inventories -------------
Accounts Payable -------------
Capital Expenditure -0.60-3.32-1.95-0.32-0.28-2.01-0.03-0.31-----
UFCF -16.82------------
WACC
PV UFCF ------------
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 23.05
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -21.98
Equity Value -
Shares Outstanding 112.24
Equity Value Per Share -