Discounted Cash Flow (DCF) Analysis Levered
Fiverr International Ltd. (FVRR)
$36.2174
-1.04 (-2.80%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 52.11 | 75.50 | 107.07 | 189.51 | 297.66 | 461.94 | 716.89 | 1,112.54 | 1,726.54 | 2,679.42 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -5.26 | -51.68 | -13.94 | 17.13 | 38.04 | -64.44 | -100 | -155.19 | -240.83 | -373.75 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -3.40 | -1.60 | -1.76 | -4.03 | -2.58 | -12.26 | -19.02 | -29.52 | -45.82 | -71.10 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -8.66 | -53.27 | -15.70 | 13.10 | 35.46 | -76.69 | -119.02 | -184.71 | -286.65 | -444.85 |
Weighted Average Cost Of Capital
| Share price | $ 36.2,174 |
|---|---|
| Beta | 1.723 |
| Diluted Shares Outstanding | 35.96 |
| Cost of Debt | |
| Tax Rate | -0.25 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.687 |
| Total Debt | 387.88 |
| Total Equity | 1,302.20 |
| Total Capital | 1,690.08 |
| Debt Weighting | 22.95 |
| Equity Weighting | 77.05 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 52.11 | 75.50 | 107.07 | 189.51 | 297.66 | 461.94 | 716.89 | 1,112.54 | 1,726.54 | 2,679.42 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -5.26 | -51.68 | -13.94 | 17.13 | 38.04 | -64.44 | -100 | -155.19 | -240.83 | -373.75 |
| Capital Expenditure | -3.40 | -1.60 | -1.76 | -4.03 | -2.58 | -12.26 | -19.02 | -29.52 | -45.82 | -71.10 |
| Free Cash Flow | -8.66 | -53.27 | -15.70 | 13.10 | 35.46 | -76.69 | -119.02 | -184.71 | -286.65 | -444.85 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -453.75 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 316.73 |
| Equity Value | - |
| Shares Outstanding | 35.96 |
| Equity Value Per Share | - |