Discounted Cash Flow (DCF) Analysis Levered
Despegar.com, Corp. (DESP)
$7.88
+0.04 (+0.51%)
All numbers are in Millions, Currency in USD
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 | 523.94 | 530.61 | 524.88 | 131.33 | 322.84 | 380.17 | 447.69 | 527.19 | 620.81 | 731.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 61.23 | -17.62 | 44.24 | -103.86 | -38.21 | -56.36 | -66.36 | -78.15 | -92.03 | -108.37 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -21.67 | -26.58 | -30.56 | -17.53 | -21.19 | -26.52 | -31.23 | -36.77 | -43.30 | -50.99 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 39.55 | -44.20 | 13.68 | -121.38 | -59.40 | -82.88 | -97.59 | -114.92 | -135.33 | -159.36 |
Weighted Average Cost Of Capital
| Share price | $ 7.88 |
|---|---|
| Beta | 2.039 |
| Diluted Shares Outstanding | 69.47 |
| Cost of Debt | |
| Tax Rate | 3.51 |
| After-tax Cost of Debt | 4.82% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.464 |
| Total Debt | 54.56 |
| Total Equity | 547.38 |
| Total Capital | 601.94 |
| Debt Weighting | 9.06 |
| Equity Weighting | 90.94 |
| 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 | 523.94 | 530.61 | 524.88 | 131.33 | 322.84 | 380.17 | 447.69 | 527.19 | 620.81 | 731.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 61.23 | -17.62 | 44.24 | -103.86 | -38.21 | -56.36 | -66.36 | -78.15 | -92.03 | -108.37 |
| Capital Expenditure | -21.67 | -26.58 | -30.56 | -17.53 | -21.19 | -26.52 | -31.23 | -36.77 | -43.30 | -50.99 |
| Free Cash Flow | 39.55 | -44.20 | 13.68 | -121.38 | -59.40 | -82.88 | -97.59 | -114.92 | -135.33 | -159.36 |
| WACC | ||||||||||
| PV LFCF | -74.15 | -78.12 | -82.31 | -86.72 | -91.36 | |||||
| SUM PV LFCF | -412.65 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.77 |
| Free cash flow (t + 1) | -162.55 |
| Terminal Value | -1,663.78 |
| Present Value of Terminal Value | -953.83 |
Intrinsic Value
| Enterprise Value | -1,366.48 |
|---|---|
| Net Debt | -191.52 |
| Equity Value | -1,174.96 |
| Shares Outstanding | 69.47 |
| Equity Value Per Share | -16.91 |