Discounted Cash Flow (DCF) Analysis Levered
Mimecast Limited (MIME)
$79.92
0.00 (0.00%)
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 | 186.56 | 261.90 | 340.38 | 426.96 | 501.40 | 643.32 | 825.41 | 1,059.03 | 1,358.79 | 1,743.38 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 32.51 | 46.41 | 66.23 | 90.54 | 127.03 | 130.14 | 166.98 | 214.24 | 274.88 | 352.69 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -18.49 | -34.50 | -28.79 | -53.23 | -38.60 | -66.53 | -85.36 | -109.52 | -140.52 | -180.30 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 14.02 | 11.91 | 37.44 | 37.30 | 88.44 | 63.61 | 81.62 | 104.72 | 134.36 | 172.39 |
Weighted Average Cost Of Capital
Share price | $ 79.92 |
---|---|
Beta | 1.346 |
Diluted Shares Outstanding | 65.63 |
Cost of Debt | |
Tax Rate | 5.39 |
After-tax Cost of Debt | 4.12% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.709 |
Total Debt | 249.85 |
Total Equity | 5,245.23 |
Total Capital | 5,495.08 |
Debt Weighting | 4.55 |
Equity Weighting | 95.45 |
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 | 186.56 | 261.90 | 340.38 | 426.96 | 501.40 | 643.32 | 825.41 | 1,059.03 | 1,358.79 | 1,743.38 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 32.51 | 46.41 | 66.23 | 90.54 | 127.03 | 130.14 | 166.98 | 214.24 | 274.88 | 352.69 |
Capital Expenditure | -18.49 | -34.50 | -28.79 | -53.23 | -38.60 | -66.53 | -85.36 | -109.52 | -140.52 | -180.30 |
Free Cash Flow | 14.02 | 11.91 | 37.44 | 37.30 | 88.44 | 63.61 | 81.62 | 104.72 | 134.36 | 172.39 |
WACC | ||||||||||
PV LFCF | 57.61 | 66.95 | 77.80 | 90.41 | 105.07 | |||||
SUM PV LFCF | 397.85 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 10.41 |
Free cash flow (t + 1) | 175.83 |
Terminal Value | 2,090.78 |
Present Value of Terminal Value | 1,274.28 |
Intrinsic Value
Enterprise Value | 1,672.13 |
---|---|
Net Debt | -43.10 |
Equity Value | 1,715.23 |
Shares Outstanding | 65.63 |
Equity Value Per Share | 26.13 |