Discounted Cash Flow (DCF) Analysis Levered
Avaya Holdings Corp. (AVYA)
$0.2753
0.00 (0.00%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 2,887 | 2,887 | 2,873 | 2,973 | 1,170 | 945.16 | 763.54 | 616.81 | 498.28 | 402.53 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 241 | 241 | 147 | 30 | -312 | -7.27 | -5.87 | -4.74 | -3.83 | -3.10 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -113 | -113 | -98 | -106 | -108 | -45.43 | -36.70 | -29.65 | -23.95 | -19.35 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 128 | 128 | 49 | -76 | -420 | -52.70 | -42.58 | -34.39 | -27.78 | -22.45 |
Weighted Average Cost Of Capital
Share price | $ 0.2,753 |
---|---|
Beta | 0.000 |
Diluted Shares Outstanding | 86 |
Cost of Debt | |
Tax Rate | -2.29 |
After-tax Cost of Debt | -6.68% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 4.573 |
Total Debt | 3,354 |
Total Equity | 23.68 |
Total Capital | 3,377.68 |
Debt Weighting | 99.30 |
Equity Weighting | 0.70 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 2,887 | 2,887 | 2,873 | 2,973 | 1,170 | 945.16 | 763.54 | 616.81 | 498.28 | 402.53 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 241 | 241 | 147 | 30 | -312 | -7.27 | -5.87 | -4.74 | -3.83 | -3.10 |
Capital Expenditure | -113 | -113 | -98 | -106 | -108 | -45.43 | -36.70 | -29.65 | -23.95 | -19.35 |
Free Cash Flow | 128 | 128 | 49 | -76 | -420 | -52.70 | -42.58 | -34.39 | -27.78 | -22.45 |
WACC | ||||||||||
PV LFCF | -69.26 | -59.90 | -51.81 | -44.81 | -38.76 | |||||
SUM PV LFCF | -215.54 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | -6.60 |
Free cash flow (t + 1) | -22.89 |
Terminal Value | 266.22 |
Present Value of Terminal Value | 374.54 |
Intrinsic Value
Enterprise Value | 159 |
---|---|
Net Debt | 3,101 |
Equity Value | -2,942 |
Shares Outstanding | 86 |
Equity Value Per Share | -34.21 |