Discounted Cash Flow (DCF) Analysis Levered
Nutanix, Inc. (NTNX)
$34.9
-0.82 (-2.30%)
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 | $ 34.9 |
---|---|
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 | 10.719 |
Total Debt | 1,316.67 |
Total Equity | 8,140.32 |
Total Capital | 9,456.99 |
Debt Weighting | 13.92 |
Equity Weighting | 86.08 |
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 | -91.44 | -92.26 | -93.09 | -93.93 | -94.77 | |||||
SUM PV LFCF | -465.50 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.92 |
Free cash flow (t + 1) | -155.12 |
Terminal Value | -1,958.58 |
Present Value of Terminal Value | -1,220.56 |
Intrinsic Value
Enterprise Value | -1,686.06 |
---|---|
Net Debt | 803.74 |
Equity Value | -2,489.80 |
Shares Outstanding | 233.25 |
Equity Value Per Share | -10.67 |