Discounted Cash Flow (DCF) Analysis Levered
Slack Technologies, Inc. (WORK)
$45.2
+0.04 (+0.09%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 220.54 | 400.55 | 630.42 | 902.61 | 1,450.75 | 2,331.75 | 3,747.78 | 6,023.73 | 9,681.82 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||
| Operating Cash Flow | -35.62 | -41.06 | -12.39 | 72.44 | -73.77 | -118.57 | -190.57 | -306.31 | -492.32 |
| Operating Cash Flow (%) | |||||||||
| Capital Expenditure | -22.09 | -59.40 | -52.13 | -12.61 | -125.17 | -201.19 | -323.37 | -519.74 | -835.38 |
| Capital Expenditure (%) | |||||||||
| Free Cash Flow | -57.71 | -100.46 | -64.52 | 59.83 | -198.94 | -319.76 | -513.94 | -826.05 | -1,327.69 |
Weighted Average Cost Of Capital
| Share price | $ 45.2 |
|---|---|
| Beta | 0.955 |
| Diluted Shares Outstanding | 567.15 |
| Cost of Debt | |
| Tax Rate | -2.60 |
| After-tax Cost of Debt | 5.55% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.750 |
| Total Debt | 686.33 |
| Total Equity | 25,635.27 |
| Total Capital | 26,321.60 |
| Debt Weighting | 2.61 |
| Equity Weighting | 97.39 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 220.54 | 400.55 | 630.42 | 902.61 | 1,450.75 | 2,331.75 | 3,747.78 | 6,023.73 | 9,681.82 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -35.62 | -41.06 | -12.39 | 72.44 | -73.77 | -118.57 | -190.57 | -306.31 | -492.32 |
| Capital Expenditure | -22.09 | -59.40 | -52.13 | -12.61 | -125.17 | -201.19 | -323.37 | -519.74 | -835.38 |
| Free Cash Flow | -57.71 | -100.46 | -64.52 | 59.83 | -198.94 | -319.76 | -513.94 | -826.05 | -1,327.69 |
| WACC | |||||||||
| PV LFCF | -198.94 | -294.25 | -435.21 | -643.69 | -952.05 | ||||
| SUM PV LFCF | -2,322.76 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.67 |
| Free cash flow (t + 1) | -1,354.25 |
| Terminal Value | -20,303.56 |
| Present Value of Terminal Value | -13,397.50 |
Intrinsic Value
| Enterprise Value | -15,720.26 |
|---|---|
| Net Debt | -395.03 |
| Equity Value | -15,325.23 |
| Shares Outstanding | 567.15 |
| Equity Value Per Share | -27.02 |