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 |