Discounted Cash Flow (DCF) Analysis Levered
Gaotu Techedu Inc. (GOTU)
$3.37
-0.03 (-0.88%)
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 | 15.61 | 63.57 | 338.38 | 1,139.96 | 1,049.88 | 3,591.76 | 12,287.83 | 42,038.09 | 143,817.17 | 492,015.25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -7.94 | 38.70 | 205.61 | 96.52 | -669.73 | 110.93 | 379.51 | 1,298.35 | 4,441.81 | 15,195.96 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.06 | -1.94 | -9.80 | -45.45 | -43.57 | -103.93 | -355.55 | -1,216.37 | -4,161.35 | -14,236.47 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -8 | 36.76 | 195.81 | 51.07 | -713.30 | 7 | 23.96 | 81.98 | 280.46 | 959.50 |
Weighted Average Cost Of Capital
| Share price | $ 3.37 |
|---|---|
| Beta | -1.124 |
| Diluted Shares Outstanding | 256.19 |
| Cost of Debt | |
| Tax Rate | -1.35 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | -1.666 |
| Total Debt | 56.97 |
| Total Equity | 863.35 |
| Total Capital | 920.32 |
| Debt Weighting | 6.19 |
| Equity Weighting | 93.81 |
| 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 | 15.61 | 63.57 | 338.38 | 1,139.96 | 1,049.88 | 3,591.76 | 12,287.83 | 42,038.09 | 143,817.17 | 492,015.25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -7.94 | 38.70 | 205.61 | 96.52 | -669.73 | 110.93 | 379.51 | 1,298.35 | 4,441.81 | 15,195.96 |
| Capital Expenditure | -0.06 | -1.94 | -9.80 | -45.45 | -43.57 | -103.93 | -355.55 | -1,216.37 | -4,161.35 | -14,236.47 |
| Free Cash Flow | -8 | 36.76 | 195.81 | 51.07 | -713.30 | 7 | 23.96 | 81.98 | 280.46 | 959.50 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 978.69 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -59.66 |
| Equity Value | - |
| Shares Outstanding | 256.19 |
| Equity Value Per Share | - |