Discounted Cash Flow (DCF) Analysis Levered
Nautilus, Inc. (NLS)
$0.7402
+0.04 (+5.74%)
All numbers are in Millions, Currency in USD
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 | 396.75 | 309.29 | 552.56 | 589.53 | 286.77 | 295.34 | 304.16 | 313.24 | 322.60 | 332.23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 21.25 | -22.57 | 71.66 | -66.57 | 18.85 | 3.73 | 3.84 | 3.95 | 4.07 | 4.19 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -10.38 | -8.95 | -9.73 | -13.05 | -12.62 | -8.20 | -8.45 | -8.70 | -8.96 | -9.23 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 10.87 | -31.52 | 61.93 | -79.62 | 6.23 | -4.48 | -4.61 | -4.75 | -4.89 | -5.04 |
Weighted Average Cost Of Capital
| Share price | $ 0.7,402 |
|---|---|
| Beta | 1.573 |
| Diluted Shares Outstanding | 31.59 |
| Cost of Debt | |
| Tax Rate | -9.54 |
| After-tax Cost of Debt | -23.30% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.021 |
| Total Debt | 49.14 |
| Total Equity | 23.38 |
| Total Capital | 72.52 |
| Debt Weighting | 67.76 |
| Equity Weighting | 32.24 |
| 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 | 396.75 | 309.29 | 552.56 | 589.53 | 286.77 | 295.34 | 304.16 | 313.24 | 322.60 | 332.23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 21.25 | -22.57 | 71.66 | -66.57 | 18.85 | 3.73 | 3.84 | 3.95 | 4.07 | 4.19 |
| Capital Expenditure | -10.38 | -8.95 | -9.73 | -13.05 | -12.62 | -8.20 | -8.45 | -8.70 | -8.96 | -9.23 |
| Free Cash Flow | 10.87 | -31.52 | 61.93 | -79.62 | 6.23 | -4.48 | -4.61 | -4.75 | -4.89 | -5.04 |
| WACC | ||||||||||
| PV LFCF | -5.08 | -5.94 | -6.94 | -8.12 | -9.49 | |||||
| SUM PV LFCF | -35.58 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | -11.91 |
| Free cash flow (t + 1) | -5.14 |
| Terminal Value | 36.92 |
| Present Value of Terminal Value | 69.61 |
Intrinsic Value
| Enterprise Value | 34.03 |
|---|---|
| Net Debt | 31.77 |
| Equity Value | 2.25 |
| Shares Outstanding | 31.59 |
| Equity Value Per Share | 0.07 |