Discounted Cash Flow (DCF) Analysis Levered

Nutanix, Inc. (NTNX)

$35.265

-0.46 (-1.27%)
All numbers are in Millions, Currency in USD
Stock DCF: -10.62 | 35.265 | 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 1,236.141,307.681,394.361,580.801,862.902,066.102,291.472,541.422,818.633,126.09
Revenue (%)
Operating Cash Flow 42.17-159.88-99.8167.54272.4012.0713.3914.8516.4718.27
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 -76.28-249.37-158.4618.49207-100.51-111.48-123.64-137.12-152.08

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 1,236.141,307.681,394.361,580.801,862.902,066.102,291.472,541.422,818.633,126.09
Operating Cash Flow 42.17-159.88-99.8167.54272.4012.0713.3914.8516.4718.27
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 -76.28-249.37-158.4618.49207-100.51-111.48-123.64-137.12-152.08
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