Discounted Cash Flow (DCF) Analysis Levered
Everbridge, Inc. (EVBG)
$23.23
+0.30 (+1.31%)
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 | 147.09 | 200.88 | 271.14 | 368.43 | 431.89 | 566.48 | 743.01 | 974.54 | 1,278.23 | 1,676.56 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 3.29 | 10.32 | 15.80 | 22.19 | 20.17 | 27.07 | 35.51 | 46.58 | 61.09 | 80.13 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -10.42 | -13.09 | -30.05 | -19.75 | -18.53 | -38.90 | -51.02 | -66.92 | -87.77 | -115.12 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -7.13 | -2.77 | -14.24 | 2.44 | 1.64 | -11.82 | -15.51 | -20.34 | -26.68 | -34.99 |
Weighted Average Cost Of Capital
Share price | $ 23.23 |
---|---|
Beta | 0.808 |
Diluted Shares Outstanding | 45.58 |
Cost of Debt | |
Tax Rate | 3.77 |
After-tax Cost of Debt | 0.98% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.625 |
Total Debt | 500.30 |
Total Equity | 1,058.90 |
Total Capital | 1,559.20 |
Debt Weighting | 32.09 |
Equity Weighting | 67.91 |
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 | 147.09 | 200.88 | 271.14 | 368.43 | 431.89 | 566.48 | 743.01 | 974.54 | 1,278.23 | 1,676.56 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 3.29 | 10.32 | 15.80 | 22.19 | 20.17 | 27.07 | 35.51 | 46.58 | 61.09 | 80.13 |
Capital Expenditure | -10.42 | -13.09 | -30.05 | -19.75 | -18.53 | -38.90 | -51.02 | -66.92 | -87.77 | -115.12 |
Free Cash Flow | -7.13 | -2.77 | -14.24 | 2.44 | 1.64 | -11.82 | -15.51 | -20.34 | -26.68 | -34.99 |
WACC | ||||||||||
PV LFCF | -11.21 | -13.93 | -17.33 | -21.54 | -26.78 | |||||
SUM PV LFCF | -90.79 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.49 |
Free cash flow (t + 1) | -35.69 |
Terminal Value | -1,022.63 |
Present Value of Terminal Value | -782.82 |
Intrinsic Value
Enterprise Value | -873.61 |
---|---|
Net Debt | 301.57 |
Equity Value | -1,175.19 |
Shares Outstanding | 45.58 |
Equity Value Per Share | -25.78 |