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 15.6163.57338.381,139.961,049.883,591.7612,287.8342,038.09143,817.17492,015.25
Revenue (%)
Operating Cash Flow -7.9438.70205.6196.52-669.73110.93379.511,298.354,441.8115,195.96
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 -836.76195.8151.07-713.30723.9681.98280.46959.50

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 15.6163.57338.381,139.961,049.883,591.7612,287.8342,038.09143,817.17492,015.25
Operating Cash Flow -7.9438.70205.6196.52-669.73110.93379.511,298.354,441.8115,195.96
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 -836.76195.8151.07-713.30723.9681.98280.46959.50
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 -