Discounted Cash Flow (DCF) Analysis Levered

Monolithic Power Systems, Inc. (MPWR)

$739.99

-3.76 (-0.51%)
All numbers are in Millions, Currency in USD
Stock DCF: 409.95 | 739.99 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 627.92844.451,207.801,794.151,821.072,401.813,167.744,177.925,510.257,267.45
Revenue (%)
Operating Cash Flow 216.30267.80320.01246.67638.21679.48896.161,181.941,558.862,055.97
Operating Cash Flow (%)
Capital Expenditure -96.79-55.64-95.24-58.84-57.58-174.51-230.16-303.56-400.37-528.04
Capital Expenditure (%)
Free Cash Flow 119.52212.16224.77187.83580.64504.96665.99878.381,158.491,527.93

Weighted Average Cost Of Capital

Share price $ 739.99
Beta 1.250
Diluted Shares Outstanding 48.77
Cost of Debt
Tax Rate 15.51
After-tax Cost of Debt 4.22%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.111
Total Debt -
Total Equity 36,090.05
Total Capital 36,090.05
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 627.92844.451,207.801,794.151,821.072,401.813,167.744,177.925,510.257,267.45
Operating Cash Flow 216.30267.80320.01246.67638.21679.48896.161,181.941,558.862,055.97
Capital Expenditure -96.79-55.64-95.24-58.84-57.58-174.51-230.16-303.56-400.37-528.04
Free Cash Flow 119.52212.16224.77187.83580.64504.96665.99878.381,158.491,527.93
WACC
PV LFCF 283.33339.38406.51486.91583.22
SUM PV LFCF 3,397.97

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.11
Free cash flow (t + 1) 1,589.05
Terminal Value 26,007.31
Present Value of Terminal Value 16,067.99

Intrinsic Value

Enterprise Value 19,465.97
Net Debt -527.84
Equity Value 19,993.81
Shares Outstanding 48.77
Equity Value Per Share 409.95