Discounted Cash Flow (DCF) Analysis Levered

Laureate Education, Inc. (LAUR)

$13.14

-0.01 (-0.08%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.51 | 13.14 | 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 3,350.203,250.301,024.901,086.701,242.301,083.59945.16824.41719.09627.23
Revenue (%)
Operating Cash Flow 396.90340.10259.50-155.80178.20103.2490.0578.5568.5159.76
Operating Cash Flow (%)
Capital Expenditure -238-155.60-74.60-50.40-52.80-60.81-53.04-46.26-40.35-35.20
Capital Expenditure (%)
Free Cash Flow 158.90184.50184.90-206.20125.4042.4337.0132.2828.1624.56

Weighted Average Cost Of Capital

Share price $ 13.14
Beta 0.771
Diluted Shares Outstanding 168.27
Cost of Debt
Tax Rate 71.71
After-tax Cost of Debt 1.21%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.924
Total Debt 648
Total Equity 2,211.04
Total Capital 2,859.04
Debt Weighting 22.66
Equity Weighting 77.34
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 3,350.203,250.301,024.901,086.701,242.301,083.59945.16824.41719.09627.23
Operating Cash Flow 396.90340.10259.50-155.80178.20103.2490.0578.5568.5159.76
Capital Expenditure -238-155.60-74.60-50.40-52.80-60.81-53.04-46.26-40.35-35.20
Free Cash Flow 158.90184.50184.90-206.20125.4042.4337.0132.2828.1624.56
WACC
PV LFCF 29.2423.9719.6516.1113.21
SUM PV LFCF 139.36

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.40
Free cash flow (t + 1) 24.81
Terminal Value 459.39
Present Value of Terminal Value 336.88

Intrinsic Value

Enterprise Value 476.24
Net Debt 562.80
Equity Value -86.56
Shares Outstanding 168.27
Equity Value Per Share -0.51