Discounted Cash Flow (DCF) Analysis Levered
Inspired Entertainment, Inc. (INSE)
$13.88
+0.05 (+0.36%)
All numbers are in Millions, Currency in USD
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 | 141.38 | 153.40 | 199.80 | 208.90 | 285.40 | 342.43 | 410.85 | 492.94 | 591.43 | 709.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 34.22 | 30.70 | 52.90 | 6.20 | 34.70 | 58.77 | 70.52 | 84.60 | 101.51 | 121.79 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -42.93 | -27.50 | -29.90 | -25.40 | -39.80 | -61.20 | -73.43 | -88.10 | -105.70 | -126.82 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -8.72 | 3.20 | 23 | -19.20 | -5.10 | -2.43 | -2.91 | -3.50 | -4.19 | -5.03 |
Weighted Average Cost Of Capital
| Share price | $ 13.88 |
|---|---|
| Beta | 1.627 |
| Diluted Shares Outstanding | 29.04 |
| Cost of Debt | |
| Tax Rate | 12.55 |
| After-tax Cost of Debt | 8.33% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.488 |
| Total Debt | 288.50 |
| Total Equity | 403.02 |
| Total Capital | 691.52 |
| Debt Weighting | 41.72 |
| Equity Weighting | 58.28 |
| 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 | 141.38 | 153.40 | 199.80 | 208.90 | 285.40 | 342.43 | 410.85 | 492.94 | 591.43 | 709.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 34.22 | 30.70 | 52.90 | 6.20 | 34.70 | 58.77 | 70.52 | 84.60 | 101.51 | 121.79 |
| Capital Expenditure | -42.93 | -27.50 | -29.90 | -25.40 | -39.80 | -61.20 | -73.43 | -88.10 | -105.70 | -126.82 |
| Free Cash Flow | -8.72 | 3.20 | 23 | -19.20 | -5.10 | -2.43 | -2.91 | -3.50 | -4.19 | -5.03 |
| WACC | ||||||||||
| PV LFCF | -2.20 | -2.40 | -2.61 | -2.85 | -3.10 | |||||
| SUM PV LFCF | -13.17 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 10.17 |
| Free cash flow (t + 1) | -5.13 |
| Terminal Value | -62.83 |
| Present Value of Terminal Value | -38.71 |
Intrinsic Value
| Enterprise Value | -51.88 |
|---|---|
| Net Debt | 263.50 |
| Equity Value | -315.38 |
| Shares Outstanding | 29.04 |
| Equity Value Per Share | -10.86 |