Discounted Cash Flow (DCF) Analysis Levered
DiDi Global Inc. (DIDI)
$2.29
0.00 (0.00%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 21,646.08 | 24,765.78 | 22,677.78 | 27,812.38 | 30,465.95 | 33,372.69 | 36,556.76 | 40,044.62 | 43,865.26 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||
| Operating Cash Flow | -1,476.55 | 231.14 | 182.02 | -2,146.22 | -975.07 | -1,068.11 | -1,170.01 | -1,281.64 | -1,403.92 |
| Operating Cash Flow (%) | |||||||||
| Capital Expenditure | -877.39 | -360.40 | -927.86 | -1,059.23 | -1,021.26 | -1,118.70 | -1,225.43 | -1,342.35 | -1,470.42 |
| Capital Expenditure (%) | |||||||||
| Free Cash Flow | -2,353.94 | -129.25 | -745.84 | -3,205.45 | -1,996.33 | -2,186.80 | -2,395.44 | -2,623.99 | -2,874.35 |
Weighted Average Cost Of Capital
| Share price | $ 2.29 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 2,631.99 |
| Cost of Debt | |
| Tax Rate | -0.36 |
| After-tax Cost of Debt | 2.86% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 3.745 |
| Total Debt | 1,550.63 |
| Total Equity | 6,027.25 |
| Total Capital | 7,577.88 |
| Debt Weighting | 20.46 |
| Equity Weighting | 79.54 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 21,646.08 | 24,765.78 | 22,677.78 | 27,812.38 | 30,465.95 | 33,372.69 | 36,556.76 | 40,044.62 | 43,865.26 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1,476.55 | 231.14 | 182.02 | -2,146.22 | -975.07 | -1,068.11 | -1,170.01 | -1,281.64 | -1,403.92 |
| Capital Expenditure | -877.39 | -360.40 | -927.86 | -1,059.23 | -1,021.26 | -1,118.70 | -1,225.43 | -1,342.35 | -1,470.42 |
| Free Cash Flow | -2,353.94 | -129.25 | -745.84 | -3,205.45 | -1,996.33 | -2,186.80 | -2,395.44 | -2,623.99 | -2,874.35 |
| WACC | |||||||||
| PV LFCF | -1,996.33 | -2,111.63 | -2,233.58 | -2,362.58 | -2,499.03 | ||||
| SUM PV LFCF | -10,818.03 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.56 |
| Free cash flow (t + 1) | -2,931.83 |
| Terminal Value | -187,938 |
| Present Value of Terminal Value | -157,780.89 |
Intrinsic Value
| Enterprise Value | -168,598.92 |
|---|---|
| Net Debt | -5,398.12 |
| Equity Value | -163,200.79 |
| Shares Outstanding | 2,631.99 |
| Equity Value Per Share | -62.01 |