Discounted Cash Flow (DCF) Analysis Levered

Visionary Education Technology Hold... (VEDU)

$2.18

-0.43 (-16.48%)
All numbers are in Millions, Currency in USD
Stock DCF: 256,199.77 | 2.18 | undervalue

Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 0.937.7363.98529.964,389.4336,355.79301,119.79
Revenue (%)
Operating Cash Flow 0.274.4427.77230.021,905.1815,779.82130,697.60
Operating Cash Flow (%)
Capital Expenditure --0.15-1.25-10.39-86.08-712.98-5,905.29
Capital Expenditure (%)
Free Cash Flow 0.274.2926.52219.631,819.1015,066.84124,792.32

Weighted Average Cost Of Capital

Share price $ 2.18
Beta 0.000
Diluted Shares Outstanding 39.25
Cost of Debt
Tax Rate 26.81
After-tax Cost of Debt 1.62%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.206
Total Debt 6.42
Total Equity 85.56
Total Capital 91.99
Debt Weighting 6.98
Equity Weighting 93.02
Wacc

Build Up Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 0.937.7363.98529.964,389.4336,355.79301,119.79
Operating Cash Flow 0.274.4427.77230.021,905.1815,779.82130,697.60
Capital Expenditure --0.15-1.25-10.39-86.08-712.98-5,905.29
Free Cash Flow 0.274.2926.52219.631,819.1015,066.84124,792.32
WACC
PV LFCF 28.19226.441,819.1014,613.81117,400.65
SUM PV LFCF 122,352.98

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.10
Free cash flow (t + 1) 127,288.16
Terminal Value 11,571,651.21
Present Value of Terminal Value 9,933,493.41

Intrinsic Value

Enterprise Value 10,055,846.39
Net Debt 5.23
Equity Value 10,055,841.16
Shares Outstanding 39.25
Equity Value Per Share 256,199.77