Discounted Cash Flow (DCF) Analysis Levered

WW International, Inc. (WW)

$4.4

-0.01 (-0.23%)
All numbers are in Millions, Currency in USD
Stock DCF: 78.57 | 4.4 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 1,306.911,514.121,413.341,478.341,546.331,617.461,691.851,769.661,851.051,936.192,025.24
Revenue (%)
Operating Cash Flow 222.27295.59182.38243.60254.81266.53278.78291.61305.02319.05333.72
Operating Cash Flow (%)
Capital Expenditure -13.73-19.05-17.16-17.36-18.16-18.99-19.87-20.78-21.74-22.74-23.78
Capital Expenditure (%)
Free Cash Flow 208.54276.54165.22226.24236.65247.53258.92270.83283.28296.31309.94

Weighted Average Cost Of Capital

Share price $ 4.4
Beta 1.585
Diluted Shares Outstanding 70.74
Cost of Debt
Tax Rate 12.75
After-tax Cost of Debt 5.06%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.178
Total Debt 1,516.56
Total Equity 311.27
Total Capital 1,827.83
Debt Weighting 82.97
Equity Weighting 17.03
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 1,306.911,514.121,413.341,478.341,546.331,617.461,691.851,769.661,851.051,936.192,025.24
Operating Cash Flow 222.27295.59182.38243.60254.81266.53278.78291.61305.02319.05333.72
Capital Expenditure -13.73-19.05-17.16-17.36-18.16-18.99-19.87-20.78-21.74-22.74-23.78
Free Cash Flow 208.54276.54165.22226.24236.65247.53258.92270.83283.28296.31309.94
WACC
PV LFCF 240.04236.65233.30230226.75223.54220.38217.26
SUM PV LFCF 1,186.13

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.10
Free cash flow (t + 1) 316.14
Terminal Value 7,710.68
Present Value of Terminal Value 5,734.77

Intrinsic Value

Enterprise Value 6,920.89
Net Debt 1,362.76
Equity Value 5,558.13
Shares Outstanding 70.74
Equity Value Per Share 78.57