The Discounted Cash Flow (DCF) valuation of ExOne Co (XONE) is (43.35) USD. With the latest stock price at 49.45 USD, the upside of ExOne Co based on DCF is -187.7%.
Based on the latest price of 49.45 USD and our DCF valuation, ExOne Co (XONE) is a sell. Selling XONE stocks now will result in a potential gain of 187.7%.
Note: valuation result may not be accurate due to the company's negative earnings.
Range | Selected | |
WACC / Discount Rate | 5.8% - 7.9% | 6.9% |
Long-term Growth Rate | 3.0% - 5.0% | 4.0% |
Fair Price | (171.59) - (21.84) | (43.35) |
Upside | -447.0% - -144.2% | -187.7% |
(USD in millions) | Projections | |||||
12-2020 | 12-2021 | 12-2022 | 12-2023 | 12-2024 | 12-2025 | |
Revenue | 59 | 76 | 94 | 121 | 140 | 159 |
% Growth | 11% | 28% | 24% | 29% | 16% | 14% |
Cost of goods sold | (45) | (54) | (64) | (79) | (86) | (93) |
% of Revenue | 76% | 72% | 68% | 65% | 62% | 58% |
Selling, G&A expenses | (21) | (27) | (33) | (43) | (50) | (56) |
% of Revenue | 35% | 35% | 35% | 35% | 35% | 35% |
Research & Development | (9) | (11) | (14) | (18) | (21) | (24) |
% of Revenue | 15% | 15% | 15% | 15% | 15% | 15% |
Net interest & other expenses | 1 | 1 | 1 | 1 | 1 | 2 |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Tax expense | (0) | 0 | 0 | 0 | 0 | 0 |
Tax rate | 1% | 1% | 1% | 1% | 1% | 1% |
Net profit | (15) | (16) | (16) | (17) | (15) | (12) |
% Margin | -25% | -21% | -17% | -14% | -11% | -8% |