Discounted Cash Flow (DCF) Analysis Levered

Gravity Co., Ltd. (GRVY)

$47.32

-1.93 (-3.92%)
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 141,623286,770360,967405,953413,937.97561,704.77762,221.091,034,317.341,403,545.991,904,581.20
Revenue (%)
Operating Cash Flow 26,13635,97226,37169,85674,182.9682,495.68111,944.83151,906.69206,134.06279,719.40
Operating Cash Flow (%)
Capital Expenditure -2,064-2,249-2,343-3,696-4,211.34-5,413.22-7,345.62-9,967.85-13,526.16-18,354.70
Capital Expenditure (%)
Free Cash Flow 24,07233,72324,02866,16069,971.6277,082.46104,599.21141,938.84192,607.90261,364.71

Weighted Average Cost Of Capital

Share price $ 47.32
Beta 0.040
Diluted Shares Outstanding 107.49
Cost of Debt
Tax Rate 33.59
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.825
Total Debt -
Total Equity 5,086.24
Total Capital -
Debt Weighting -
Equity Weighting -
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 141,623286,770360,967405,953413,937.97561,704.77762,221.091,034,317.341,403,545.991,904,581.20
Operating Cash Flow 26,13635,97226,37169,85674,182.9682,495.68111,944.83151,906.69206,134.06279,719.40
Capital Expenditure -2,064-2,249-2,343-3,696-4,211.34-5,413.22-7,345.62-9,967.85-13,526.16-18,354.70
Free Cash Flow 24,07233,72324,02866,16069,971.6277,082.46104,599.21141,938.84192,607.90261,364.71
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 266,592
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -99,104.94
Equity Value -
Shares Outstanding 107.49
Equity Value Per Share -