Discounted Cash Flow (DCF) Analysis Levered
Euronet Worldwide, Inc. (EEFT)
$111.895
-0.97 (-0.86%)
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 | 2,536.63 | 2,750.11 | 2,482.70 | 2,995.44 | 3,358.74 | 3,623.02 | 3,908.09 | 4,215.59 | 4,547.29 | 4,905.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 397.23 | 504.49 | 253.50 | 406.58 | 748.29 | 580.17 | 625.82 | 675.06 | 728.18 | 785.47 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -112.48 | -131.29 | -97.63 | -92.21 | -104.26 | -140.01 | -151.03 | -162.91 | -175.73 | -189.56 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 284.75 | 373.20 | 155.88 | 314.37 | 644.03 | 440.15 | 474.79 | 512.14 | 552.44 | 595.91 |
Weighted Average Cost Of Capital
| Share price | $ 111.895 |
|---|---|
| Beta | 1.340 |
| Diluted Shares Outstanding | 53.46 |
| Cost of Debt | |
| Tax Rate | 28.40 |
| After-tax Cost of Debt | 1.53% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.027 |
| Total Debt | 1,765.08 |
| Total Equity | 5,982.28 |
| Total Capital | 7,747.35 |
| Debt Weighting | 22.78 |
| Equity Weighting | 77.22 |
| 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 | 2,536.63 | 2,750.11 | 2,482.70 | 2,995.44 | 3,358.74 | 3,623.02 | 3,908.09 | 4,215.59 | 4,547.29 | 4,905.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 397.23 | 504.49 | 253.50 | 406.58 | 748.29 | 580.17 | 625.82 | 675.06 | 728.18 | 785.47 |
| Capital Expenditure | -112.48 | -131.29 | -97.63 | -92.21 | -104.26 | -140.01 | -151.03 | -162.91 | -175.73 | -189.56 |
| Free Cash Flow | 284.75 | 373.20 | 155.88 | 314.37 | 644.03 | 440.15 | 474.79 | 512.14 | 552.44 | 595.91 |
| WACC | ||||||||||
| PV LFCF | 407.21 | 406.38 | 405.54 | 404.71 | 403.88 | |||||
| SUM PV LFCF | 2,027.72 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.09 |
| Free cash flow (t + 1) | 607.83 |
| Terminal Value | 9,980.76 |
| Present Value of Terminal Value | 6,764.51 |
Intrinsic Value
| Enterprise Value | 8,792.23 |
|---|---|
| Net Debt | 118.22 |
| Equity Value | 8,674 |
| Shares Outstanding | 53.46 |
| Equity Value Per Share | 162.24 |