Discounted Cash Flow (DCF) Analysis Levered
Anaplan, Inc. (PLAN)
$63.73
+0.37 (+-%)
All numbers are in Millions, Currency in USD
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 | 168.35 | 240.64 | 348.02 | 447.75 | 592.18 | 811.99 | 1,113.39 | 1,526.68 | 2,093.38 | 2,870.43 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -14.50 | -45.85 | -14.40 | -4.63 | -15.08 | -57.47 | -78.80 | -108.05 | -148.16 | -203.16 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -15.37 | -22.52 | -15.01 | -15.74 | -24.11 | -49.35 | -67.67 | -92.78 | -127.22 | -174.45 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -29.87 | -68.37 | -29.42 | -20.37 | -39.20 | -106.82 | -146.47 | -200.84 | -275.39 | -377.61 |
Weighted Average Cost Of Capital
| Share price | $ 63.73 |
|---|---|
| Beta | 1.770 |
| Diluted Shares Outstanding | 139.50 |
| Cost of Debt | |
| Tax Rate | 1.97 |
| After-tax Cost of Debt | -0.84% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.886 |
| Total Debt | 57.25 |
| Total Equity | 8,890.27 |
| Total Capital | 8,947.52 |
| Debt Weighting | 0.64 |
| Equity Weighting | 99.36 |
| 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 | 168.35 | 240.64 | 348.02 | 447.75 | 592.18 | 811.99 | 1,113.39 | 1,526.68 | 2,093.38 | 2,870.43 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -14.50 | -45.85 | -14.40 | -4.63 | -15.08 | -57.47 | -78.80 | -108.05 | -148.16 | -203.16 |
| Capital Expenditure | -15.37 | -22.52 | -15.01 | -15.74 | -24.11 | -49.35 | -67.67 | -92.78 | -127.22 | -174.45 |
| Free Cash Flow | -29.87 | -68.37 | -29.42 | -20.37 | -39.20 | -106.82 | -146.47 | -200.84 | -275.39 | -377.61 |
| WACC | ||||||||||
| PV LFCF | -95.54 | -117.18 | -143.72 | -176.27 | -216.19 | |||||
| SUM PV LFCF | -748.91 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.80 |
| Free cash flow (t + 1) | -385.16 |
| Terminal Value | -3,930.24 |
| Present Value of Terminal Value | -2,250.14 |
Intrinsic Value
| Enterprise Value | -2,999.05 |
|---|---|
| Net Debt | -242.13 |
| Equity Value | -2,756.92 |
| Shares Outstanding | 139.50 |
| Equity Value Per Share | -19.76 |