Discounted Cash Flow (DCF) Analysis Levered

Insight Enterprises, Inc. (NSIT)

$140

+0.64 (+0.46%)
All numbers are in Millions, Currency in USD
Stock DCF: 86.77 | 140 | overvalue

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 7,080.147,731.198,340.589,436.1110,431.1911,494.0812,665.2713,955.8115,377.8416,944.77
Revenue (%)
Operating Cash Flow 292.65127.88355.58163.7198.11292.55322.36355.21391.40431.28
Operating Cash Flow (%)
Capital Expenditure -17.25-69.09-24.18-52.08-70.94-61.13-67.36-74.22-81.79-90.12
Capital Expenditure (%)
Free Cash Flow 275.4058.79331.40111.6327.17231.42255280.98309.61341.16

Weighted Average Cost Of Capital

Share price $ 140
Beta 1.564
Diluted Shares Outstanding 36.62
Cost of Debt
Tax Rate 25.06
After-tax Cost of Debt 4.64%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.910
Total Debt 637.90
Total Equity 5,126.80
Total Capital 5,764.70
Debt Weighting 11.07
Equity Weighting 88.93
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 7,080.147,731.198,340.589,436.1110,431.1911,494.0812,665.2713,955.8115,377.8416,944.77
Operating Cash Flow 292.65127.88355.58163.7198.11292.55322.36355.21391.40431.28
Capital Expenditure -17.25-69.09-24.18-52.08-70.94-61.13-67.36-74.22-81.79-90.12
Free Cash Flow 275.4058.79331.40111.6327.17231.42255280.98309.61341.16
WACC
PV LFCF 209.96209.90209.85209.79209.73
SUM PV LFCF 1,049.23

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.22
Free cash flow (t + 1) 347.99
Terminal Value 4,233.41
Present Value of Terminal Value 2,602.49

Intrinsic Value

Enterprise Value 3,651.71
Net Debt 474.26
Equity Value 3,177.45
Shares Outstanding 36.62
Equity Value Per Share 86.77