The Discounted Cash Flow (DCF) valuation of Celsion Corp (CLSN) is (50.79) USD. With the latest stock price at 1.96 USD, the upside of Celsion Corp based on DCF is -2691.2%.

Is CLSN a buy or a sell?

Based on the latest price of 1.96 USD and our DCF valuation, Celsion Corp (CLSN) is a sell. Selling CLSN stocks now will result in a potential gain of 2691.2%.

Note: valuation result may not be accurate due to the company's negative earnings.

	Range	Selected
WACC / Discount Rate	6.3% - 18.8%	12.5%
Long-term Growth Rate	3.0% - 5.0%	4.0%
Fair Price	(314.38) - (29.04)	(50.79)
Upside	-16139.7% - -1581.8%	-2691.2%

1.96 USD

Stock Price

(50.79) USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

CLSN DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2022	12-2023	12-2024	12-2025	12-2026	12-2027

Revenue	0	1	1	1	1	1
% Growth	0%	5%	2%	4%	2%	4%

Cost of goods sold	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Selling, G&A expenses	(14)	(14)	(15)	(15)	(16)	(16)
% of Revenue	2738%	2738%	2738%	2738%	2738%	2738%

Research & Development	(12)	(12)	(13)	(13)	(13)	(14)
% of Revenue	2347%	2347%	2347%	2347%	2347%	2347%

Net interest & other expenses	(13)	(13)	(14)	(14)	(14)	(15)
% of Revenue	2509%	2509%	2509%	2509%	2509%	2509%

Tax expense	2	2	3	3	3	3
Tax rate	-4%	6%	6%	6%	6%	6%

Net profit	(36)	(37)	(38)	(39)	(40)	(41)
% Margin	-7180%	-3705%	-3782%	-3919%	-3997%	-4148%