Discounted Cash Flow (DCF) Analysis Levered
BlackBerry Limited (BB)
$6.57
+0.50 (+8.24%)
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 | 932 | 904 | 1,040 | 893 | 718 | 679.06 | 642.24 | 607.41 | 574.47 | 543.32 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 704 | 100 | 26 | 82 | -28 | 128.18 | 121.23 | 114.66 | 108.44 | 102.56 |
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 | 659 | 51 | -18 | 38 | -67 | 94.45 | 89.33 | 84.48 | 79.90 | 75.57 |
Weighted Average Cost Of Capital
Share price | $ 6.57 |
---|---|
Beta | 1.224 |
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 | 8.520 |
Total Debt | 601 |
Total Equity | 4,148.56 |
Total Capital | 4,749.56 |
Debt Weighting | 12.65 |
Equity Weighting | 87.35 |
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 | 932 | 904 | 1,040 | 893 | 718 | 679.06 | 642.24 | 607.41 | 574.47 | 543.32 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 704 | 100 | 26 | 82 | -28 | 128.18 | 121.23 | 114.66 | 108.44 | 102.56 |
Capital Expenditure | -45 | -49 | -44 | -44 | -39 | -33.73 | -31.90 | -30.17 | -28.54 | -26.99 |
Free Cash Flow | 659 | 51 | -18 | 38 | -67 | 94.45 | 89.33 | 84.48 | 79.90 | 75.57 |
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 | - |