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CHGG - Chegg, Inc.

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Chegg, Inc.

CHGG

NYSE

Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, and Chegg Math Solver services, which creates an integrated platform of connected academic support services; Busuu, an online language learning solution that offers a comprehensive solution through a combination of self-paced lessons, live classes with expert tutors, and the ability to learn and practice with members of the Busuu language learning community; and Thinkful, a skills-based learning platform that offers professional courses along with networking, interviewing, and career services. The company also provides other services, such as Chegg Life, Chegg Prep, and Chegg Internships; provides personal and professional development skills training; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

0.643 USD

0.0189 (2.94%)

Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

644.34M

776.26M

766.9M

716.29M

617.57M

660.23M

705.84M

754.59M

806.71M

862.43M

Revenue %

-

20.47

-1.21

-6.6

-13.78

6.91

6.91

6.91

6.91

Operating Cash Flow

236.44M

273.22M

255.74M

246.2M

125.2M

211.12M

225.7M

241.29M

257.96M

275.78M

Operating Cash Flow %

36.7

35.2

33.35

34.37

20.27

31.98

31.98

31.98

31.98

Cap Ex

-81.32M

-94.18M

-103.09M

-83.05M

-74.95M

-81.77M

-87.42M

-93.46M

-99.91M

-106.82M

Cap Ex %

-12.62

-12.13

-13.44

-11.59

-12.14

-12.39

-12.39

-12.39

-12.39

Free Cash Flow

155.13M

179.04M

152.64M

163.15M

50.25M

129.35M

138.28M

147.84M

158.05M

168.96M

Weighted Average Cost Of Capital

Price

0.64

Beta

Diluted Shares Outstanding

103.3M

Costof Debt

3.88

Tax Rate

After Tax Cost Of Debt

3.88

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

504.46M

Total Equity

66.37M

Total Capital

570.83M

Debt Weighting

88.37

Equity Weighting

11.63

Wacc

3.75

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

644.34M

776.26M

766.9M

716.29M

617.57M

660.23M

705.84M

754.59M

806.71M

862.43M

Operating Cash Flow

236.44M

273.22M

255.74M

246.2M

125.2M

211.12M

225.7M

241.29M

257.96M

275.78M

Cap Ex

-81.32M

-94.18M

-103.09M

-83.05M

-74.95M

-81.77M

-87.42M

-93.46M

-99.91M

-106.82M

Free Cash Flow

155.13M

179.04M

152.64M

163.15M

50.25M

129.35M

138.28M

147.84M

158.05M

168.96M

Wacc

3.75

3.75

3.75

3.75

3.75

Pv Lfcf

124.67M

128.46M

132.37M

136.39M

140.54M

Sum Pv Lfcf

662.44M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

3.75

Free Cash Flow T1

174.88M

Terminal Value

69.31B

Present Terminal Value

57.65B

Intrinsic Value

Enterprise Value

58.31B

Net Debt

342.98M

Equity Value

57.97B

Diluted Shares Outstanding

103.3M

Equity Value Per Share

561.18

Projected DCF

561.18 0.999%

DCF Levered

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