Discounted Cash Flow (DCF) Analysis Levered

Nautilus, Inc. (NLS)

$1.27

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 21.75 | 1.27 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 396.75309.29552.56708.97909.641,167.121,497.481,921.362,465.213,1634,058.31
Revenue (%)
Operating Cash Flow 21.25-22.5771.6626.0633.4342.9055.0470.6290.61116.26149.16
Operating Cash Flow (%)
Capital Expenditure -10.38-8.95-9.73-17.18-22.05-28.29-36.29-46.57-59.75-76.66-98.36
Capital Expenditure (%)
Free Cash Flow 10.87-31.5261.938.8811.3914.6118.7524.0530.8639.6050.80

Weighted Average Cost Of Capital

Share price $ 1.27
Beta 1.585
Diluted Shares Outstanding 31.59
Cost of Debt
Tax Rate -7.41
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.223
Total Debt 42.95
Total Equity 40.11
Total Capital 83.06
Debt Weighting 51.71
Equity Weighting 48.29
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 396.75309.29552.56708.97909.641,167.121,497.481,921.362,465.213,1634,058.31
Operating Cash Flow 21.25-22.5771.6626.0633.4342.9055.0470.6290.61116.26149.16
Capital Expenditure -10.38-8.95-9.73-17.18-22.05-28.29-36.29-46.57-59.75-76.66-98.36
Free Cash Flow 10.87-31.5261.938.8811.3914.6118.7524.0530.8639.6050.80
WACC
PV LFCF 9.5911.3913.5316.0719.0922.6726.9432
SUM PV LFCF 126.12

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.01
Free cash flow (t + 1) 51.82
Terminal Value 862.22
Present Value of Terminal Value 586.54

Intrinsic Value

Enterprise Value 712.66
Net Debt 25.58
Equity Value 687.07
Shares Outstanding 31.59
Equity Value Per Share 21.75