Discounted Cash Flow (DCF) Analysis Levered

GoPro, Inc. (GPRO)

$5.63

-0.07 (-1.23%)
All numbers are in Millions, Currency in USD
Stock DCF: 4.38 | 5.63 | overvalue

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 1,148.341,194.65891.931,161.081,093.541,101.891,110.301,118.771,127.311,135.92
Revenue (%)
Operating Cash Flow -42.43-24.4493.78229.155.7555.1755.5956.0256.4456.87
Operating Cash Flow (%)
Capital Expenditure -11-8.35-4.88-5.55-3.45-6.60-6.66-6.71-6.76-6.81
Capital Expenditure (%)
Free Cash Flow -53.44-32.7988.90223.612.3048.5748.9449.3149.6950.07

Weighted Average Cost Of Capital

Share price $ 5.63
Beta 1.377
Diluted Shares Outstanding 162.75
Cost of Debt
Tax Rate 16.27
After-tax Cost of Debt 2.84%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.137
Total Debt 184.02
Total Equity 916.26
Total Capital 1,100.28
Debt Weighting 16.72
Equity Weighting 83.28
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 1,148.341,194.65891.931,161.081,093.541,101.891,110.301,118.771,127.311,135.92
Operating Cash Flow -42.43-24.4493.78229.155.7555.1755.5956.0256.4456.87
Capital Expenditure -11-8.35-4.88-5.55-3.45-6.60-6.66-6.71-6.76-6.81
Free Cash Flow -53.44-32.7988.90223.612.3048.5748.9449.3149.6950.07
WACC
PV LFCF 44.5941.2538.1635.3032.66
SUM PV LFCF 191.96

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.92
Free cash flow (t + 1) 51.07
Terminal Value 737.97
Present Value of Terminal Value 481.39

Intrinsic Value

Enterprise Value 673.36
Net Debt -39.72
Equity Value 713.07
Shares Outstanding 162.75
Equity Value Per Share 4.38