Discounted Cash Flow (DCF) Analysis Levered
PROS Holdings, Inc. (PRO)
$25.68
+0.17 (+0.67%)
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 | 197.02 | 250.33 | 252.42 | 251.42 | 276.14 | 301.90 | 330.08 | 360.88 | 394.55 | 431.37 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 5.70 | 5.25 | -49.39 | -18.55 | -23.91 | -18.48 | -20.21 | -22.10 | -24.16 | -26.41 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -6.21 | -6.76 | -30.18 | -2.80 | -0.86 | -11.61 | -12.70 | -13.88 | -15.18 | -16.59 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -0.51 | -1.51 | -79.57 | -21.35 | -24.77 | -30.10 | -32.91 | -35.98 | -39.33 | -43 |
Weighted Average Cost Of Capital
Share price | $ 25.68 |
---|---|
Beta | 1.100 |
Diluted Shares Outstanding | 45.27 |
Cost of Debt | |
Tax Rate | -1.15 |
After-tax Cost of Debt | 5.00% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.718 |
Total Debt | 325.63 |
Total Equity | 1,162.51 |
Total Capital | 1,488.13 |
Debt Weighting | 21.88 |
Equity Weighting | 78.12 |
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 | 197.02 | 250.33 | 252.42 | 251.42 | 276.14 | 301.90 | 330.08 | 360.88 | 394.55 | 431.37 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 5.70 | 5.25 | -49.39 | -18.55 | -23.91 | -18.48 | -20.21 | -22.10 | -24.16 | -26.41 |
Capital Expenditure | -6.21 | -6.76 | -30.18 | -2.80 | -0.86 | -11.61 | -12.70 | -13.88 | -15.18 | -16.59 |
Free Cash Flow | -0.51 | -1.51 | -79.57 | -21.35 | -24.77 | -30.10 | -32.91 | -35.98 | -39.33 | -43 |
WACC | ||||||||||
PV LFCF | -27.89 | -28.26 | -28.64 | -29.02 | -29.40 | |||||
SUM PV LFCF | -143.22 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.90 |
Free cash flow (t + 1) | -43.86 |
Terminal Value | -743.45 |
Present Value of Terminal Value | -508.33 |
Intrinsic Value
Enterprise Value | -651.55 |
---|---|
Net Debt | 122 |
Equity Value | -773.55 |
Shares Outstanding | 45.27 |
Equity Value Per Share | -17.09 |