Discounted Cash Flow (DCF) Analysis Levered

Groupon, Inc. (GRPN)

$3.93

-0.28 (-6.65%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -8.59 | 3.93 | 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 2,636.752,218.911,416.87967.11599.09416.68289.81201.57140.2097.51
Revenue (%)
Operating Cash Flow 190.8671.28-0.06-123.96-135.99-20.89-14.53-10.11-7.03-4.89
Operating Cash Flow (%)
Capital Expenditure -87.96-71.07-0.05-99.26-36.17-19.04-13.24-9.21-6.41-4.45
Capital Expenditure (%)
Free Cash Flow 102.900.22-0.11-223.22-172.16-39.93-27.77-19.32-13.43-9.34

Weighted Average Cost Of Capital

Share price $ 3.93
Beta 1.821
Diluted Shares Outstanding 30.17
Cost of Debt
Tax Rate -23.77
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.096
Total Debt 309.23
Total Equity 118.55
Total Capital 427.79
Debt Weighting 72.29
Equity Weighting 27.71
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 2,636.752,218.911,416.87967.11599.09416.68289.81201.57140.2097.51
Operating Cash Flow 190.8671.28-0.06-123.96-135.99-20.89-14.53-10.11-7.03-4.89
Capital Expenditure -87.96-71.07-0.05-99.26-36.17-19.04-13.24-9.21-6.41-4.45
Free Cash Flow 102.900.22-0.11-223.22-172.16-39.93-27.77-19.32-13.43-9.34
WACC
PV LFCF -37.33-24.27-15.78-10.26-6.67
SUM PV LFCF -94.31

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.97
Free cash flow (t + 1) -9.53
Terminal Value -191.77
Present Value of Terminal Value -136.92

Intrinsic Value

Enterprise Value -231.23
Net Debt 27.95
Equity Value -259.19
Shares Outstanding 30.17
Equity Value Per Share -8.59