Discounted Cash Flow (DCF) Analysis Unlevered

Cassava Sciences Inc

Cassava Sciences Inc (SAVA)

$12.08
-0.16 (-1.31%)

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
Revenue 41.12-----------
Revenue (%)
EBITDA 31.37-----------
EBITDA (%)
EBIT ------------
EBIT (%)
Depreciation ------------
Depreciation (%)

Balance Sheet Data

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
Total Cash 49.84-----------
Total Cash (%)
Account Receivables ------------
Account Receivables (%)
Inventories ------------
Inventories (%)
Accounts Payable 0.45-----------
Accounts Payable (%)
Capital Expenditure ------------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 12.08
Beta 1.728
Diluted Shares Outstanding 17.41
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 16.217
Total Debt 0.09
Total Equity 210.34
Total Capital 210.43
Debt Weighting 0.04
Equity Weighting 99.96
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
Revenue 41.12-----------
EBITDA 31.37-----------
EBIT ------------
Tax Rate -0.23%0.00%0.00%0.00%0.00%0.00%0.00%-0.03%-0.03%-0.03%-0.03%-0.03%
EBIAT ------------
Depreciation ------------
Accounts Receivable ------------
Inventories ------------
Accounts Payable ------------
Capital Expenditure --0.08-0.20-0.07---0.02-----
UFCF ------------
WACC
PV UFCF -----------
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 16.21
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -23.08
Equity Value -
Shares Outstanding 17.41
Equity Value Per Share -