Discounted Cash Flow (DCF) Analysis Levered

GoDaddy Inc. (GDDY)

$113.72

-0.43 (-0.38%)
All numbers are in Millions, Currency in USD
Stock DCF: 142.65 | 113.72 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 2,988.103,316.703,815.704,091.304,254.104,650.205,083.185,556.476,073.846,639.37
Revenue (%)
Operating Cash Flow 723.40764.60829.30979.701,047.601,093.431,195.241,306.531,428.181,561.15
Operating Cash Flow (%)
Capital Expenditure -92.30-81.50-253.20-60.10-77.40-143.88-157.28-171.92-187.93-205.43
Capital Expenditure (%)
Free Cash Flow 631.10683.10576.10919.60970.20949.551,037.961,134.601,240.251,355.73

Weighted Average Cost Of Capital

Share price $ 113.72
Beta 1.119
Diluted Shares Outstanding 151.45
Cost of Debt
Tax Rate -244.97
After-tax Cost of Debt 4.58%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.441
Total Debt 3,906.60
Total Equity 17,223.12
Total Capital 21,129.72
Debt Weighting 18.49
Equity Weighting 81.51
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 2,988.103,316.703,815.704,091.304,254.104,650.205,083.185,556.476,073.846,639.37
Operating Cash Flow 723.40764.60829.30979.701,047.601,093.431,195.241,306.531,428.181,561.15
Capital Expenditure -92.30-81.50-253.20-60.10-77.40-143.88-157.28-171.92-187.93-205.43
Free Cash Flow 631.10683.10576.10919.60970.20949.551,037.961,134.601,240.251,355.73
WACC
PV LFCF 874.84881.05887.31893.61899.96
SUM PV LFCF 4,436.77

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.54
Free cash flow (t + 1) 1,409.96
Terminal Value 31,056.31
Present Value of Terminal Value 20,615.83

Intrinsic Value

Enterprise Value 25,052.60
Net Debt 3,447.80
Equity Value 21,604.80
Shares Outstanding 151.45
Equity Value Per Share 142.65