Complete LWLG Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
LWLG DCF Analysis
LWLG (Lightwave Logic, 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 | $0 | $40.5K | $95.6K | $119.5K | $149.4K | $186.7K | $233.4K | $291.8K |
| Revenue Growth % | - | Infinity% | 136.1% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| EBIT | $-17.1M | $-21.2M | $-23.1M | $6.0K | $7.5K | $9.3K | $11.7K | $14.6K |
| EBIT Margin % | 0.0% | -52405.5% | -24150.6% | 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 | $-12.9M | $-15.9M | $-17.3M | $4.5K | $5.6K | $7.0K | $8.8K | $10.9K |
| NOPAT Margin % | -Infinity% | -39304.1% | -18112.9% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Capex | $1.6M | $3.6M | $2.3M | $3.6K | $4.5K | $5.6K | $7.0K | $8.8K |
| Capex / Revenue % | Infinity% | 8888.2% | 2371.6% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% |
| Depreciation | $1.0M | $1.3M | $1.9M | $InfinityB | $InfinityB | $InfinityB | $InfinityB | $InfinityB |
| D&A / Revenue % | Infinity% | 3219.5% | 1961.5% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
| Change in NWC | $1.8M | $6.3M | $-3.8M | $1.2K | $1.5K | $1.9K | $2.3K | $2.9K |
| NWC Change / Revenue % | Infinity% | 15470.1% | -3961.5% | 1.0% | 1.0% | 1.0% | 1.0% | 1.0% |
| Unlevered FCF | $-15.1M | $-24.5M | $-13.9M | $InfinityB | $InfinityB | $InfinityB | $InfinityB | $InfinityB |
| UFCF % Chg. | - | -61.6% | 43.1% | Infinity% | NaN% | NaN% | NaN% | NaN% |
| FCF / Revenue % | -Infinity% | -60442.9% | -14561.6% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
| Discount Factor | - | - | - | 0.875 | 0.765 | 0.670 | 0.586 | 0.512 |
| Present Value of FCF | - | - | - | $InfinityB | $InfinityB | $InfinityB | $InfinityB | $InfinityB |
| Sum of PV of UFCF | - | - | - | $InfinityB | $InfinityB | $InfinityB | $InfinityB | $InfinityB |
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 | 4.41% |
| Market Risk Premium | 4.3% |
| Beta | 2.33 |
| Cost of Equity | 14.5% |
| Total Debt | $2.8M |
| Market Cap | $120.5M |
| Total Capital | $123.3M |
| Debt Weighting | 2.2% |
| Equity Weighting | 97.8% |
| WACC | 14.3% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $InfinityB |
| Terminal Value | $InfinityB |
| PV of Terminal Value | $InfinityB |
| Cumulative PV of UFCF | $InfinityB |
| Net Debt | $-24.9M |
| Equity Value | $InfinityB |
| Shares Outstanding | 120.9M |
| Implied Share Price | $InfinityB |
| Current Share Price | $1 |
| Implied Upside/(Downside) | +Infinity% |
Valuation Summary
$Infinity
Implied Price
$0.96
Current Price
+Infinity%
Upside/Downside
14.3%
WACC
LWLG Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 9 peer companies in Basic Materials
P/E Ratio
$-0.83
-186.2%
Peer Median: 18.4x
EV/EBITDA
$0.00
-100.0%
Peer Median: 15.0x
P/S Ratio
$0.00
-99.9%
Peer Median: 1.6x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for LWLG's business model and current situation.
Multiple Comparison
| Multiple | LWLG Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -21.3x | 18.4x | 28.6x | -216.1% | Undervalued |
| EV/EBITDA | Infinityx | 15.0x | 16.8x | Infinity% | Overvalued |
| P/S Ratio | 1260.3x | 1.6x | 2.2x | 77942.9% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $1.89B | 8.3x | 12.4x | 0.7x | |
| $1.41B | 100.2x | 17.8x | 2.3x | |
| $1.23B | 72.4x | 15.0x | 1.5x | |
| $0.90B | 18.4x | 12.5x | 1.6x | |
| $0.12B | 0.0x | 0.0x | 1260.3x | |
| $0.05B | 0.0x | 0.0x | 4.3x | |
| $0.05B | 0.0x | 0.0x | 0.8x | |
| $0.04B | 0.4x | 1540.7x | 0.0x | |
| $108.94B | 43.6x | 26.4x | 6.5x |