Discounted Cash Flow (DCF) Analysis Levered
Red Violet, Inc. (RDVT)
$ 36.63
+0.24 (+0.66%)
Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 4.58 | 8.58 | 16.30 | 30.29 | 34.59 | 58.55 | 99.11 | 167.76 | 283.99 | 480.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -6.72 | -10.41 | -8.05 | 1.65 | 6.52 | -34.31 | -58.07 | -98.30 | -166.41 | -281.69 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -9.27 | -6.47 | -6 | -6 | -5.66 | -41.05 | -69.49 | -117.63 | -199.12 | -337.07 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -15.99 | -16.88 | -14.05 | -4.36 | 0.86 | -75.36 | -127.56 | -215.93 | -365.53 | -618.76 |
Weighted Average Cost Of Capital
| Share price | $ 36.63 |
|---|---|
| Beta | 0.808 |
| Diluted Shares Outstanding | 12.07 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.297 |
| Total Debt | 2.15 |
| Total Equity | 442.22 |
| Total Capital | 444.38 |
| Debt Weighting | 0.48 |
| Equity Weighting | 99.52 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 4.58 | 8.58 | 16.30 | 30.29 | 34.59 | 58.55 | 99.11 | 167.76 | 283.99 | 480.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -6.72 | -10.41 | -8.05 | 1.65 | 6.52 | -34.31 | -58.07 | -98.30 | -166.41 | -281.69 |
| Capital Expenditure | -9.27 | -6.47 | -6 | -6 | -5.66 | -41.05 | -69.49 | -117.63 | -199.12 | -337.07 |
| Free Cash Flow | -15.99 | -16.88 | -14.05 | -4.36 | 0.86 | -75.36 | -127.56 | -215.93 | -365.53 | -618.76 |
| WACC | ||||||||||
| PV LFCF | -71.56 | -115.04 | -184.94 | -297.31 | -477.95 | |||||
| SUM PV LFCF | -1,146.81 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.30 |
| Free cash flow (t + 1) | -649.70 |
| Terminal Value | -216,566.17 |
| Present Value of Terminal Value | -167,281.82 |
Intrinsic Value
| Enterprise Value | -168,428.63 |
|---|---|
| Net Debt | -10.80 |
| Equity Value | -168,417.83 |
| Shares Outstanding | 12.07 |
| Equity Value Per Share | -13,950.28 |