Discounted Cash Flow (DCF) Analysis Levered
RYB Education, Inc. (RYB)
$0.7391
+0.02 (+2.95%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 140.80 | 156.50 | 182.28 | 109.72 | 180.31 | 203.83 | 230.40 | 260.45 | 294.41 | 332.80 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 25.10 | 0.83 | 12.98 | -6.53 | 19.23 | 12.31 | 13.91 | 15.73 | 17.78 | 20.10 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -11.92 | -11.48 | -12.49 | -3.97 | -7.02 | -12.30 | -13.90 | -15.71 | -17.76 | -20.08 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 13.18 | -10.65 | 0.49 | -10.50 | 12.21 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
Weighted Average Cost Of Capital
| Share price | $ 0.7,391 |
|---|---|
| Beta | 0.751 |
| Diluted Shares Outstanding | 28.96 |
| Cost of Debt | |
| Tax Rate | 2.78 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.243 |
| Total Debt | 79.58 |
| Total Equity | 21.41 |
| Total Capital | 100.99 |
| Debt Weighting | 78.80 |
| Equity Weighting | 21.20 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 140.80 | 156.50 | 182.28 | 109.72 | 180.31 | 203.83 | 230.40 | 260.45 | 294.41 | 332.80 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 25.10 | 0.83 | 12.98 | -6.53 | 19.23 | 12.31 | 13.91 | 15.73 | 17.78 | 20.10 |
| Capital Expenditure | -11.92 | -11.48 | -12.49 | -3.97 | -7.02 | -12.30 | -13.90 | -15.71 | -17.76 | -20.08 |
| Free Cash Flow | 13.18 | -10.65 | 0.49 | -10.50 | 12.21 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 0.02 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 14.32 |
| Equity Value | - |
| Shares Outstanding | 28.96 |
| Equity Value Per Share | - |