Discounted Cash Flow (DCF) Analysis Levered
eXp World Holdings, Inc. (EXPI)
$16.43
+0.86 (+5.52%)
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 | 500.15 | 979.94 | 1,798.28 | 3,771.17 | 4,598.16 | 8,174.13 | 14,531.12 | 25,831.91 | 45,921.28 | 81,634.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 24.31 | 55.19 | 119.66 | 246.89 | 210.53 | 462.20 | 821.64 | 1,460.63 | 2,596.56 | 4,615.90 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.13 | -5.14 | -6.44 | -13.42 | -12.05 | -31.51 | -56.01 | -99.57 | -177 | -314.65 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 22.18 | 50.05 | 113.22 | 233.47 | 198.48 | 430.69 | 765.64 | 1,361.07 | 2,419.56 | 4,301.25 |
Weighted Average Cost Of Capital
| Share price | $ 16.43 |
|---|---|
| Beta | 2.728 |
| Diluted Shares Outstanding | 156.22 |
| Cost of Debt | |
| Tax Rate | -236.57 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 16.574 |
| Total Debt | 0.87 |
| Total Equity | 2,566.70 |
| Total Capital | 2,567.57 |
| Debt Weighting | 0.03 |
| Equity Weighting | 99.97 |
| 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 | 500.15 | 979.94 | 1,798.28 | 3,771.17 | 4,598.16 | 8,174.13 | 14,531.12 | 25,831.91 | 45,921.28 | 81,634.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 24.31 | 55.19 | 119.66 | 246.89 | 210.53 | 462.20 | 821.64 | 1,460.63 | 2,596.56 | 4,615.90 |
| Capital Expenditure | -2.13 | -5.14 | -6.44 | -13.42 | -12.05 | -31.51 | -56.01 | -99.57 | -177 | -314.65 |
| Free Cash Flow | 22.18 | 50.05 | 113.22 | 233.47 | 198.48 | 430.69 | 765.64 | 1,361.07 | 2,419.56 | 4,301.25 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 4,387.27 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -120.72 |
| Equity Value | - |
| Shares Outstanding | 156.22 |
| Equity Value Per Share | - |