Discounted Cash Flow (DCF) Analysis Levered
Nutanix, Inc. (NTNX)
$35.265
-0.46 (-1.27%)
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 | 1,236.14 | 1,307.68 | 1,394.36 | 1,580.80 | 1,862.90 | 2,066.10 | 2,291.47 | 2,541.42 | 2,818.63 | 3,126.09 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 42.17 | -159.88 | -99.81 | 67.54 | 272.40 | 12.07 | 13.39 | 14.85 | 16.47 | 18.27 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -118.45 | -89.49 | -58.65 | -49.06 | -65.40 | -112.59 | -124.87 | -138.49 | -153.59 | -170.35 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -76.28 | -249.37 | -158.46 | 18.49 | 207 | -100.51 | -111.48 | -123.64 | -137.12 | -152.08 |
Weighted Average Cost Of Capital
| Share price | $ 35.265 |
|---|---|
| Beta | 1.297 |
| Diluted Shares Outstanding | 233.25 |
| Cost of Debt | |
| Tax Rate | -8.98 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.781 |
| Total Debt | 1,316.67 |
| Total Equity | 8,225.46 |
| Total Capital | 9,542.13 |
| Debt Weighting | 13.80 |
| Equity Weighting | 86.20 |
| 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 | 1,236.14 | 1,307.68 | 1,394.36 | 1,580.80 | 1,862.90 | 2,066.10 | 2,291.47 | 2,541.42 | 2,818.63 | 3,126.09 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 42.17 | -159.88 | -99.81 | 67.54 | 272.40 | 12.07 | 13.39 | 14.85 | 16.47 | 18.27 |
| Capital Expenditure | -118.45 | -89.49 | -58.65 | -49.06 | -65.40 | -112.59 | -124.87 | -138.49 | -153.59 | -170.35 |
| Free Cash Flow | -76.28 | -249.37 | -158.46 | 18.49 | 207 | -100.51 | -111.48 | -123.64 | -137.12 | -152.08 |
| WACC | ||||||||||
| PV LFCF | -91.39 | -92.16 | -92.94 | -93.72 | -94.51 | |||||
| SUM PV LFCF | -464.73 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.98 |
| Free cash flow (t + 1) | -155.12 |
| Terminal Value | -1,943.86 |
| Present Value of Terminal Value | -1,208.08 |
Intrinsic Value
| Enterprise Value | -1,672.81 |
|---|---|
| Net Debt | 803.74 |
| Equity Value | -2,476.56 |
| Shares Outstanding | 233.25 |
| Equity Value Per Share | -10.62 |