Discounted Cash Flow (DCF) Analysis Levered
Hello Group Inc. (MOMO)
$6.95
-0.09 (-1.28%)
All numbers are in Millions, Currency in USD
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 | 2,145.35 | 2,722.41 | 2,403.87 | 2,332.12 | 2,032.67 | 2,029.48 | 2,026.30 | 2,023.12 | 2,019.94 | 2,016.78 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 532.43 | 871.82 | 492.94 | 249.47 | 196.30 | 396.57 | 395.95 | 395.33 | 394.71 | 394.09 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -38.85 | -29.84 | -19.86 | -15.25 | -12.87 | -20.38 | -20.35 | -20.32 | -20.28 | -20.25 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 493.58 | 841.98 | 473.08 | 234.22 | 183.43 | 376.19 | 375.60 | 375.01 | 374.42 | 373.84 |
Weighted Average Cost Of Capital
Share price | $ 6.95 |
---|---|
Beta | 0.986 |
Diluted Shares Outstanding | 202.35 |
Cost of Debt | |
Tax Rate | 26.93 |
After-tax Cost of Debt | 2.21% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.135 |
Total Debt | 442.85 |
Total Equity | 1,406.34 |
Total Capital | 1,849.19 |
Debt Weighting | 23.95 |
Equity Weighting | 76.05 |
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 | 2,145.35 | 2,722.41 | 2,403.87 | 2,332.12 | 2,032.67 | 2,029.48 | 2,026.30 | 2,023.12 | 2,019.94 | 2,016.78 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 532.43 | 871.82 | 492.94 | 249.47 | 196.30 | 396.57 | 395.95 | 395.33 | 394.71 | 394.09 |
Capital Expenditure | -38.85 | -29.84 | -19.86 | -15.25 | -12.87 | -20.38 | -20.35 | -20.32 | -20.28 | -20.25 |
Free Cash Flow | 493.58 | 841.98 | 473.08 | 234.22 | 183.43 | 376.19 | 375.60 | 375.01 | 374.42 | 373.84 |
WACC | ||||||||||
PV LFCF | 434.58 | 403.70 | 375.01 | 348.37 | 323.61 | |||||
SUM PV LFCF | 1,518.41 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.48 |
Free cash flow (t + 1) | 381.31 |
Terminal Value | 6,958.29 |
Present Value of Terminal Value | 4,851.37 |
Intrinsic Value
Enterprise Value | 6,369.78 |
---|---|
Net Debt | -360.05 |
Equity Value | 6,729.83 |
Shares Outstanding | 202.35 |
Equity Value Per Share | 33.26 |