Discounted Cash Flow (DCF) Analysis Levered

Liberty TripAdvisor Holdings, Inc. (LTRPA)

$1.27

-0.05 (-3.79%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -4.57 | 1.27 | overvalue

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 1,5691,6151,560604902874846.86820.57795.10770.41
Revenue (%)
Operating Cash Flow 220400391-2159768.1966.0764.0262.0460.11
Operating Cash Flow (%)
Capital Expenditure -65-61-83-55-54-49.53-47.99-46.50-45.06-43.66
Capital Expenditure (%)
Free Cash Flow 155339308-2704318.6718.0917.5216.9816.45

Weighted Average Cost Of Capital

Share price $ 1.27
Beta 1.978
Diluted Shares Outstanding 77
Cost of Debt
Tax Rate 3,680.00
After-tax Cost of Debt -194.75%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.889
Total Debt 1,102
Total Equity 97.79
Total Capital 1,199.79
Debt Weighting 91.85
Equity Weighting 8.15
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 1,5691,6151,560604902874846.86820.57795.10770.41
Operating Cash Flow 220400391-2159768.1966.0764.0262.0460.11
Capital Expenditure -65-61-83-55-54-49.53-47.99-46.50-45.06-43.66
Free Cash Flow 155339308-2704318.6718.0917.5216.9816.45
WACC
PV LFCF -23.9829.86-37.1746.28-57.61
SUM PV LFCF -42.63

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -177.83
Free cash flow (t + 1) 16.78
Terminal Value -9.33
Present Value of Terminal Value 32.68

Intrinsic Value

Enterprise Value -9.95
Net Debt 342
Equity Value -351.95
Shares Outstanding 77
Equity Value Per Share -4.57