Discounted Cash Flow (DCF) Analysis Levered

BlackBerry Limited (BB.TO)

$6.99

+0.14 (+2.04%)
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 9329041,040893718679.06642.24607.41574.47543.32
Revenue (%)
Operating Cash Flow 7041002682-28128.18121.23114.66108.44102.56
Operating Cash Flow (%)
Capital Expenditure -45-49-44-44-39-33.73-31.90-30.17-28.54-26.99
Capital Expenditure (%)
Free Cash Flow 65951-1838-6794.4589.3384.4879.9075.57

Weighted Average Cost Of Capital

Share price $ 6.99
Beta 1.209
Diluted Shares Outstanding 631.44
Cost of Debt
Tax Rate 36.84
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.669
Total Debt 601
Total Equity 4,413.77
Total Capital 5,014.77
Debt Weighting 11.98
Equity Weighting 88.02
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 9329041,040893718679.06642.24607.41574.47543.32
Operating Cash Flow 7041002682-28128.18121.23114.66108.44102.56
Capital Expenditure -45-49-44-44-39-33.73-31.90-30.17-28.54-26.99
Free Cash Flow 65951-1838-6794.4589.3384.4879.9075.57
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 77.08
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 223
Equity Value -
Shares Outstanding 631.44
Equity Value Per Share -