Discounted Cash Flow (DCF) Analysis Levered

Nautilus, Inc. (NLS)

$0.7402

+0.04 (+5.74%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.07 | 0.7402 | 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 396.75309.29552.56589.53286.77295.34304.16313.24322.60332.23
Revenue (%)
Operating Cash Flow 21.25-22.5771.66-66.5718.853.733.843.954.074.19
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 10.87-31.5261.93-79.626.23-4.48-4.61-4.75-4.89-5.04

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 396.75309.29552.56589.53286.77295.34304.16313.24322.60332.23
Operating Cash Flow 21.25-22.5771.66-66.5718.853.733.843.954.074.19
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 10.87-31.5261.93-79.626.23-4.48-4.61-4.75-4.89-5.04
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