Intrinsic value of Exela Technologies - XELA

Previous Close

$4.72

  Intrinsic Value

$32.52

stock screener

  Rating & Target

str. buy

+589%

Previous close

$4.72

 
Intrinsic value

$32.52

 
Up/down potential

+589%

 
Rating

str. buy

We calculate the intrinsic value of XELA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  1,844
  2,849
  4,260
  6,181
  8,721
  11,989
  16,092
  21,130
  27,190
  34,343
  42,646
  52,139
  62,845
  74,773
  87,919
  102,271
  117,808
  134,504
  152,333
  171,268
  191,283
  212,359
  234,479
  257,633
  281,817
  307,035
  333,298
  360,622
  389,034
  418,564
Variable operating expenses, $m
  1,655
  2,491
  3,665
  5,263
  7,375
  10,093
  13,507
  17,697
  22,737
  28,687
  35,473
  43,369
  52,274
  62,196
  73,131
  85,069
  97,992
  111,880
  126,710
  142,460
  159,108
  176,639
  195,038
  214,297
  234,414
  255,390
  277,235
  299,964
  323,596
  348,159
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,655
  2,491
  3,665
  5,263
  7,375
  10,093
  13,507
  17,697
  22,737
  28,687
  35,473
  43,369
  52,274
  62,196
  73,131
  85,069
  97,992
  111,880
  126,710
  142,460
  159,108
  176,639
  195,038
  214,297
  234,414
  255,390
  277,235
  299,964
  323,596
  348,159
Operating income, $m
  189
  358
  595
  918
  1,346
  1,895
  2,586
  3,433
  4,452
  5,655
  7,173
  8,770
  10,571
  12,577
  14,789
  17,203
  19,816
  22,624
  25,623
  28,808
  32,175
  35,720
  39,441
  43,335
  47,403
  51,645
  56,063
  60,659
  65,438
  70,405
EBITDA, $m
  397
  614
  918
  1,332
  1,880
  2,584
  3,469
  4,555
  5,861
  7,403
  9,193
  11,239
  13,547
  16,118
  18,952
  22,046
  25,395
  28,994
  32,838
  36,919
  41,234
  45,777
  50,545
  55,536
  60,750
  66,186
  71,847
  77,737
  83,862
  90,227
Interest expense (income), $m
  0
  143
  223
  367
  569
  844
  1,208
  1,677
  2,265
  2,987
  3,855
  4,880
  6,070
  7,430
  8,964
  10,674
  12,558
  14,614
  16,841
  19,234
  21,789
  24,502
  27,370
  30,390
  33,560
  36,878
  40,344
  43,958
  47,721
  51,637
  55,709
Earnings before tax, $m
  46
  135
  228
  349
  501
  687
  909
  1,168
  1,466
  1,800
  2,293
  2,700
  3,141
  3,613
  4,115
  4,645
  5,201
  5,783
  6,390
  7,020
  7,673
  8,350
  9,050
  9,775
  10,525
  11,301
  12,105
  12,937
  13,801
  14,696
Tax expense, $m
  12
  36
  62
  94
  135
  185
  245
  315
  396
  486
  619
  729
  848
  975
  1,111
  1,254
  1,404
  1,562
  1,725
  1,895
  2,072
  2,254
  2,444
  2,639
  2,842
  3,051
  3,268
  3,493
  3,726
  3,968
Net income, $m
  33
  99
  167
  255
  366
  502
  664
  853
  1,070
  1,314
  1,674
  1,971
  2,293
  2,637
  3,004
  3,391
  3,797
  4,222
  4,664
  5,124
  5,601
  6,095
  6,607
  7,136
  7,683
  8,250
  8,836
  9,444
  10,074
  10,728

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,744
  4,239
  6,339
  9,198
  12,977
  17,840
  23,947
  31,444
  40,461
  51,105
  63,461
  77,587
  93,519
  111,269
  130,832
  152,190
  175,310
  200,155
  226,686
  254,863
  284,648
  316,010
  348,927
  383,382
  419,371
  456,898
  495,979
  536,641
  578,919
  622,863
Adjusted assets (=assets-cash), $m
  2,744
  4,239
  6,339
  9,198
  12,977
  17,840
  23,947
  31,444
  40,461
  51,105
  63,461
  77,587
  93,519
  111,269
  130,832
  152,190
  175,310
  200,155
  226,686
  254,863
  284,648
  316,010
  348,927
  383,382
  419,371
  456,898
  495,979
  536,641
  578,919
  622,863
Revenue / Adjusted assets
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
Average production assets, $m
  926
  1,430
  2,139
  3,103
  4,378
  6,018
  8,078
  10,607
  13,649
  17,240
  21,408
  26,174
  31,548
  37,536
  44,136
  51,340
  59,140
  67,521
  76,471
  85,976
  96,024
  106,604
  117,708
  129,332
  141,472
  154,132
  167,316
  181,032
  195,295
  210,119
Working capital, $m
  -114
  -177
  -264
  -383
  -541
  -743
  -998
  -1,310
  -1,686
  -2,129
  -2,644
  -3,233
  -3,896
  -4,636
  -5,451
  -6,341
  -7,304
  -8,339
  -9,445
  -10,619
  -11,860
  -13,166
  -14,538
  -15,973
  -17,473
  -19,036
  -20,664
  -22,359
  -24,120
  -25,951
Total debt, $m
  2,083
  3,428
  5,319
  7,892
  11,293
  15,670
  21,166
  27,913
  36,028
  45,608
  56,728
  69,442
  83,780
  99,755
  117,363
  136,584
  157,392
  179,753
  203,631
  228,990
  255,796
  284,023
  313,648
  344,657
  377,047
  410,821
  445,994
  482,590
  520,641
  560,190
Total liabilities, $m
  2,469
  3,815
  5,705
  8,278
  11,679
  16,056
  21,552
  28,300
  36,415
  45,995
  57,115
  69,829
  84,167
  100,142
  117,749
  136,971
  157,779
  180,140
  204,018
  229,376
  256,183
  284,409
  314,034
  345,044
  377,434
  411,208
  446,381
  482,976
  521,027
  560,576
Total equity, $m
  274
  424
  634
  920
  1,298
  1,784
  2,395
  3,144
  4,046
  5,111
  6,346
  7,759
  9,352
  11,127
  13,083
  15,219
  17,531
  20,016
  22,669
  25,486
  28,465
  31,601
  34,893
  38,338
  41,937
  45,690
  49,598
  53,664
  57,892
  62,286
Total liabilities and equity, $m
  2,743
  4,239
  6,339
  9,198
  12,977
  17,840
  23,947
  31,444
  40,461
  51,106
  63,461
  77,588
  93,519
  111,269
  130,832
  152,190
  175,310
  200,156
  226,687
  254,862
  284,648
  316,010
  348,927
  383,382
  419,371
  456,898
  495,979
  536,640
  578,919
  622,862
Debt-to-equity ratio
  7.590
  8.090
  8.390
  8.580
  8.700
  8.780
  8.840
  8.880
  8.900
  8.920
  8.940
  8.950
  8.960
  8.970
  8.970
  8.970
  8.980
  8.980
  8.980
  8.980
  8.990
  8.990
  8.990
  8.990
  8.990
  8.990
  8.990
  8.990
  8.990
  8.990
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  33
  99
  167
  255
  366
  502
  664
  853
  1,070
  1,314
  1,674
  1,971
  2,293
  2,637
  3,004
  3,391
  3,797
  4,222
  4,664
  5,124
  5,601
  6,095
  6,607
  7,136
  7,683
  8,250
  8,836
  9,444
  10,074
  10,728
Depreciation, amort., depletion, $m
  209
  256
  323
  414
  534
  689
  883
  1,122
  1,409
  1,748
  2,020
  2,469
  2,976
  3,541
  4,164
  4,843
  5,579
  6,370
  7,214
  8,111
  9,059
  10,057
  11,105
  12,201
  13,346
  14,541
  15,784
  17,079
  18,424
  19,823
Funds from operations, $m
  242
  355
  490
  669
  900
  1,191
  1,547
  1,975
  2,479
  3,062
  3,694
  4,440
  5,269
  6,178
  7,167
  8,234
  9,376
  10,592
  11,879
  13,235
  14,660
  16,152
  17,711
  19,337
  21,030
  22,790
  24,621
  26,523
  28,498
  30,551
Change in working capital, $m
  -43
  -62
  -88
  -119
  -157
  -203
  -254
  -312
  -376
  -443
  -515
  -589
  -664
  -740
  -815
  -890
  -963
  -1,035
  -1,105
  -1,174
  -1,241
  -1,307
  -1,371
  -1,436
  -1,499
  -1,564
  -1,628
  -1,694
  -1,762
  -1,831
Cash from operations, $m
  285
  417
  577
  788
  1,058
  1,393
  1,801
  2,287
  2,854
  3,505
  4,208
  5,029
  5,933
  6,918
  7,983
  9,124
  10,340
  11,627
  12,984
  14,409
  15,901
  17,459
  19,083
  20,772
  22,529
  24,354
  26,249
  28,217
  30,260
  32,382
Maintenance CAPEX, $m
  -55
  -87
  -135
  -202
  -293
  -413
  -568
  -762
  -1,001
  -1,288
  -1,626
  -2,020
  -2,469
  -2,976
  -3,541
  -4,164
  -4,843
  -5,579
  -6,370
  -7,214
  -8,111
  -9,059
  -10,057
  -11,105
  -12,201
  -13,346
  -14,541
  -15,784
  -17,079
  -18,424
New CAPEX, $m
  -347
  -504
  -709
  -964
  -1,275
  -1,641
  -2,060
  -2,529
  -3,042
  -3,591
  -4,168
  -4,765
  -5,374
  -5,988
  -6,600
  -7,205
  -7,799
  -8,382
  -8,950
  -9,505
  -10,048
  -10,580
  -11,104
  -11,623
  -12,141
  -12,660
  -13,184
  -13,717
  -14,262
  -14,824
Cash from investing activities, $m
  -402
  -591
  -844
  -1,166
  -1,568
  -2,054
  -2,628
  -3,291
  -4,043
  -4,879
  -5,794
  -6,785
  -7,843
  -8,964
  -10,141
  -11,369
  -12,642
  -13,961
  -15,320
  -16,719
  -18,159
  -19,639
  -21,161
  -22,728
  -24,342
  -26,006
  -27,725
  -29,501
  -31,341
  -33,248
Free cash flow, $m
  -117
  -175
  -266
  -378
  -510
  -660
  -827
  -1,004
  -1,188
  -1,373
  -1,586
  -1,756
  -1,911
  -2,046
  -2,158
  -2,244
  -2,303
  -2,334
  -2,336
  -2,310
  -2,258
  -2,180
  -2,079
  -1,955
  -1,813
  -1,652
  -1,475
  -1,285
  -1,081
  -866
Issuance/(repayment) of debt, $m
  744
  1,346
  1,890
  2,573
  3,401
  4,377
  5,496
  6,747
  8,115
  9,580
  11,120
  12,714
  14,338
  15,975
  17,607
  19,221
  20,808
  22,361
  23,878
  25,359
  26,807
  28,226
  29,625
  31,010
  32,390
  33,774
  35,173
  36,595
  38,051
  39,549
Issuance/(repurchase) of shares, $m
  251
  51
  43
  31
  12
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  995
  1,397
  1,933
  2,604
  3,413
  4,377
  5,496
  6,747
  8,115
  9,580
  11,120
  12,714
  14,338
  15,975
  17,607
  19,221
  20,808
  22,361
  23,878
  25,359
  26,807
  28,226
  29,625
  31,010
  32,390
  33,774
  35,173
  36,595
  38,051
  39,549
Total cash flow (excl. dividends), $m
  878
  1,222
  1,667
  2,226
  2,903
  3,717
  4,669
  5,743
  6,927
  8,207
  9,534
  10,957
  12,427
  13,929
  15,449
  16,977
  18,505
  20,027
  21,542
  23,049
  24,549
  26,046
  27,546
  29,054
  30,577
  32,122
  33,698
  35,311
  36,970
  38,683
Retained Cash Flow (-), $m
  -284
  -150
  -210
  -286
  -378
  -486
  -611
  -750
  -902
  -1,064
  -1,236
  -1,413
  -1,593
  -1,775
  -1,956
  -2,136
  -2,312
  -2,485
  -2,653
  -2,818
  -2,979
  -3,136
  -3,292
  -3,446
  -3,599
  -3,753
  -3,908
  -4,066
  -4,228
  -4,394
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  594
  1,072
  1,457
  1,940
  2,525
  3,230
  4,059
  4,994
  6,025
  7,143
  8,299
  9,545
  10,834
  12,154
  13,493
  14,841
  16,193
  17,543
  18,889
  20,231
  21,570
  22,910
  24,255
  25,609
  26,978
  28,370
  29,790
  31,245
  32,742
  34,288
Discount rate, %
  14.50
  15.23
  15.99
  16.79
  17.62
  18.51
  19.43
  20.40
  21.42
  22.49
  23.62
  24.80
  26.04
  27.34
  28.71
  30.14
  31.65
  33.23
  34.90
  36.64
  38.47
  40.40
  42.42
  44.54
  46.76
  49.10
  51.56
  54.14
  56.84
  59.68
PV of cash for distribution, $m
  519
  808
  934
  1,043
  1,122
  1,166
  1,171
  1,131
  1,050
  939
  806
  669
  535
  412
  306
  219
  151
  100
  64
  39
  23
  13
  7
  4
  2
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  42.2
  38.3
  36.5
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0
  36.0

Exela Technologies, Inc. (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS). ITPS provides industry solutions for banking and financial services, including lending solutions for mortgages, banking solutions for clearing, anti-money laundering, sanctions, cross-border settlement; property and casualty insurance solutions for enrollments, and communications. The HS segment offerings include integrated accounts payable and accounts receivable, and information management for both the healthcare payer and provider markets. The LLPS segment solutions include processing of legal claims for class action and mass action settlement administrations, involving project management support, notification and collection, analysis, and distribution of settlement funds.

FINANCIAL RATIOS  of  Exela Technologies (XELA)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0.1
Price to Tangible Book
Price to Cash Flow -49.4
Price to Free Cash Flow -49.4
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

XELA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the XELA stock intrinsic value calculation we used $1152.324 million for the last fiscal year's total revenue generated by Exela Technologies. The default revenue input number comes from 0001 income statement of Exela Technologies. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our XELA stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 14.5%, whose default value for XELA is calculated based on our internal credit rating of Exela Technologies, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Exela Technologies.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of XELA stock the variable cost ratio is equal to 93.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for XELA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 10.7% for Exela Technologies.

Corporate tax rate of 27% is the nominal tax rate for Exela Technologies. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the XELA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for XELA are equal to 50.2%.

Life of production assets of 10.6 years is the average useful life of capital assets used in Exela Technologies operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for XELA is equal to -6.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-10.006 million for Exela Technologies - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 151.122 million for Exela Technologies is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Exela Technologies at the current share price and the inputted number of shares is $0.7 billion.

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