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 |