Discounted Cash Flow (DCF) Analysis Levered

Alteryx, Inc. (AYX)

$62.98

+0.45 (+0.72%)
All numbers are in Millions, Currency in USD
Stock DCF: 77.90 | 62.98 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 131.61253.57417.91495.31536.14783.091,143.791,670.632,440.153,564.11
Revenue (%)
Operating Cash Flow 18.9426.0934.1974.7863.1693.57136.67199.62291.56425.86
Operating Cash Flow (%)
Capital Expenditure -3.67-6.73-11.45-26.36-32.77-30.72-44.87-65.54-95.73-139.82
Capital Expenditure (%)
Free Cash Flow 15.2719.3622.7448.4230.3962.8591.79134.08195.83286.04

Weighted Average Cost Of Capital

Share price $ 62.98
Beta 0.781
Diluted Shares Outstanding 66.06
Cost of Debt
Tax Rate -1.21
After-tax Cost of Debt 4.66%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.450
Total Debt 842.20
Total Equity 4,160.33
Total Capital 5,002.53
Debt Weighting 16.84
Equity Weighting 83.16
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 131.61253.57417.91495.31536.14783.091,143.791,670.632,440.153,564.11
Operating Cash Flow 18.9426.0934.1974.7863.1693.57136.67199.62291.56425.86
Capital Expenditure -3.67-6.73-11.45-26.36-32.77-30.72-44.87-65.54-95.73-139.82
Free Cash Flow 15.2719.3622.7448.4230.3962.8591.79134.08195.83286.04
WACC
PV LFCF 59.2181.47112.10154.24212.24
SUM PV LFCF 619.25

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.15
Free cash flow (t + 1) 291.76
Terminal Value 7,030.30
Present Value of Terminal Value 5,216.44

Intrinsic Value

Enterprise Value 5,835.69
Net Debt 689.83
Equity Value 5,145.86
Shares Outstanding 66.06
Equity Value Per Share 77.90