Discounted Cash Flow (DCF) Analysis Levered
Alkami Technology, Inc. (ALKT)
$14.93
+0.64 (+4.48%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 73.54 | 112.14 | 152.16 | 219.24 | 315.90 | 455.17 | 655.83 | 944.97 |
|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||
| Operating Cash Flow | -39.09 | -38.15 | -28.96 | -77.61 | -111.82 | -161.12 | -232.15 | -334.50 |
| Operating Cash Flow (%) | ||||||||
| Capital Expenditure | -3.69 | -2.15 | -3.70 | -6.84 | -9.86 | -14.20 | -20.46 | -29.48 |
| Capital Expenditure (%) | ||||||||
| Free Cash Flow | -42.77 | -40.29 | -32.66 | -84.45 | -121.68 | -175.32 | -252.61 | -363.98 |
Weighted Average Cost Of Capital
| Share price | $ 14.93 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 83.14 |
| Cost of Debt | |
| Tax Rate | -0.37 |
| After-tax Cost of Debt | 4.82% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 2.765 |
| Total Debt | 24.62 |
| Total Equity | 1,241.21 |
| Total Capital | 1,265.83 |
| Debt Weighting | 1.94 |
| Equity Weighting | 98.06 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 73.54 | 112.14 | 152.16 | 219.24 | 315.90 | 455.17 | 655.83 | 944.97 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -39.09 | -38.15 | -28.96 | -77.61 | -111.82 | -161.12 | -232.15 | -334.50 |
| Capital Expenditure | -3.69 | -2.15 | -3.70 | -6.84 | -9.86 | -14.20 | -20.46 | -29.48 |
| Free Cash Flow | -42.77 | -40.29 | -32.66 | -84.45 | -121.68 | -175.32 | -252.61 | -363.98 |
| WACC | ||||||||
| PV LFCF | -82.15 | -115.14 | -161.38 | -226.20 | -317.04 | |||
| SUM PV LFCF | -901.91 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 2.80 |
| Free cash flow (t + 1) | -371.26 |
| Terminal Value | -46,408.01 |
| Present Value of Terminal Value | -40,422.89 |
Intrinsic Value
| Enterprise Value | -41,324.80 |
|---|---|
| Net Debt | -283.96 |
| Equity Value | -41,040.83 |
| Shares Outstanding | 83.14 |
| Equity Value Per Share | -493.66 |