Complete GIFT Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
GIFT DCF Analysis
GIFT (RDE, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $97.0M | $86.7M | $88.9M | $111.2M | $139.0M | $173.7M | $217.1M | $271.4M |
| Revenue Growth % | - | -10.7% | 2.6% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| EBIT | $-5.6M | $-3.1M | $-18.4M | $5.6M | $6.9M | $8.7M | $10.9M | $13.6M |
| EBIT Margin % | -5.8% | -3.6% | -20.7% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| NOPAT | $-4.2M | $-2.3M | $-13.8M | $4.2M | $5.2M | $6.5M | $8.1M | $10.2M |
| NOPAT Margin % | -4.3% | -2.7% | -15.5% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Capex | $1.0M | $900.0K | $0 | $1.1M | $1.4M | $1.7M | $2.2M | $2.7M |
| Capex / Revenue % | 1.0% | 1.0% | 0.0% | 1.0% | 1.0% | 1.0% | 1.0% | 1.0% |
| Depreciation | $4.7M | $1.6M | $3.9M | $4.1M | $5.1M | $6.4M | $8.0M | $10.0M |
| D&A / Revenue % | 4.8% | 1.8% | 4.4% | 3.7% | 3.7% | 3.7% | 3.7% | 3.7% |
| Change in NWC | $-26.0M | $23.9M | $-1.3M | $-834.2K | $-834.2K | $-834.2K | $-834.2K | $-834.2K |
| NWC Change / Revenue % | -26.8% | 27.6% | -1.5% | -0.8% | -0.6% | -0.5% | -0.4% | -0.3% |
| Unlevered FCF | $25.5M | $-25.6M | $-8.5M | $8.0M | $9.8M | $12.0M | $14.8M | $18.3M |
| UFCF % Chg. | - | -200.1% | 66.6% | 193.6% | 22.4% | 22.9% | 23.3% | 23.6% |
| FCF / Revenue % | 26.3% | -29.5% | -9.6% | 7.2% | 7.0% | 6.9% | 6.8% | 6.7% |
| Discount Factor | - | - | - | 1.010 | 1.020 | 1.031 | 1.041 | 1.052 |
| Present Value of FCF | - | - | - | $8.1M | $10.0M | $12.4M | $15.4M | $19.3M |
| Sum of PV of UFCF | - | - | - | $8.1M | $18.1M | $30.5M | $45.9M | $65.1M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.4% |
| Tax Rate | 25.0% |
| After Tax Cost of Debt | 5.6% |
| Risk Free Rate | 4.40% |
| Market Risk Premium | 4.3% |
| Beta | -1.54 |
| Cost of Equity | -2.3% |
| Total Debt | $9.7M |
| Market Cap | $49.6M |
| Total Capital | $59.3M |
| Debt Weighting | 16.4% |
| Equity Weighting | 83.6% |
| WACC | -1.0% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $18.3M |
| Terminal Value | $-535.7M |
| PV of Terminal Value | $-563.5M |
| Cumulative PV of UFCF | $65.1M |
| Net Debt | $7.4M |
| Equity Value | $-505.7M |
| Shares Outstanding | 25.7M |
| Implied Share Price | $-20 |
| Current Share Price | $2 |
| Implied Upside/(Downside) | -1262.3% |
Valuation Summary
$-19.64
Implied Price
$1.69
Current Price
-1262.3%
Upside/Downside
-1.0%
WACC
GIFT Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 8 peer companies in Communication Services
P/E Ratio
$-13.27
-885.2%
Peer Median: 18.6x
EV/EBITDA
$0.00
-100.0%
Peer Median: 17.5x
P/S Ratio
$2.57
+51.9%
Peer Median: 0.8x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for GIFT's business model and current situation.
Multiple Comparison
| Multiple | GIFT Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -2.4x | 18.6x | 12.4x | -112.7% | Undervalued |
| EV/EBITDA | Infinityx | 17.5x | 21.5x | Infinity% | Overvalued |
| P/S Ratio | 0.6x | 0.8x | 1.7x | -34.2% | Undervalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.12B | 0.0x | 0.0x | 0.7x | |
| $0.10B | 0.0x | 0.0x | 4.0x | |
| $0.12B | 0.0x | 17.5x | 0.8x | |
| $0.08B | 6.2x | 0.0x | 0.4x | |
| $0.05B | 0.0x | 0.0x | 0.6x | |
| $0.05B | 0.0x | 0.0x | 1.4x | |
| $0.03B | 0.0x | 33.3x | 0.1x | |
| $2049.68B | 18.6x | 13.7x | 5.7x |