Discounted Cash Flow (DCF) Analysis Levered
iRhythm Technologies, Inc. (IRTC)
$141.65
-7.97 (-5.33%)
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 | 98.51 | 147.29 | 214.55 | 265.17 | 322.83 | 436.23 | 589.48 | 796.57 | 1,076.41 | 1,454.55 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -14.91 | -29.07 | -21.86 | -13.76 | -37.75 | -54.05 | -73.03 | -98.69 | -133.36 | -180.20 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -3.56 | -5.18 | -20.46 | -13.55 | -28.07 | -26.59 | -35.93 | -48.55 | -65.60 | -88.65 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -18.47 | -34.25 | -42.32 | -27.31 | -65.82 | -80.63 | -108.96 | -147.23 | -198.96 | -268.85 |
Weighted Average Cost Of Capital
Share price | $ 141.65 |
---|---|
Beta | 1.495 |
Diluted Shares Outstanding | 29.40 |
Cost of Debt | |
Tax Rate | -0.36 |
After-tax Cost of Debt | 0.99% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.855 |
Total Debt | 117.71 |
Total Equity | 4,164.20 |
Total Capital | 4,281.92 |
Debt Weighting | 2.75 |
Equity Weighting | 97.25 |
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 | 98.51 | 147.29 | 214.55 | 265.17 | 322.83 | 436.23 | 589.48 | 796.57 | 1,076.41 | 1,454.55 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -14.91 | -29.07 | -21.86 | -13.76 | -37.75 | -54.05 | -73.03 | -98.69 | -133.36 | -180.20 |
Capital Expenditure | -3.56 | -5.18 | -20.46 | -13.55 | -28.07 | -26.59 | -35.93 | -48.55 | -65.60 | -88.65 |
Free Cash Flow | -18.47 | -34.25 | -42.32 | -27.31 | -65.82 | -80.63 | -108.96 | -147.23 | -198.96 | -268.85 |
WACC | ||||||||||
PV LFCF | -73.56 | -90.69 | -111.80 | -137.83 | -169.93 | |||||
SUM PV LFCF | -583.81 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.61 |
Free cash flow (t + 1) | -274.23 |
Terminal Value | -3,603.52 |
Present Value of Terminal Value | -2,277.59 |
Intrinsic Value
Enterprise Value | -2,861.41 |
---|---|
Net Debt | -9.85 |
Equity Value | -2,851.56 |
Shares Outstanding | 29.40 |
Equity Value Per Share | -97.00 |