Discounted Cash Flow (DCF) Analysis Levered

Yelp Inc. (YELP)

$30.45

+0.98 (+3.33%)
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 846.81942.771,014.19872.931,031.841,091.641,154.911,221.841,292.661,367.58
Revenue (%)
Operating Cash Flow 167.65160.19204.78176.70212.66213.59225.97239.07252.93267.58
Operating Cash Flow (%)
Capital Expenditure -30.25-44.97-37.52-32-28.28-40.28-42.61-45.08-47.70-50.46
Capital Expenditure (%)
Free Cash Flow 137.40115.22167.26144.70184.37173.32183.36193.99205.23217.13

Weighted Average Cost Of Capital

Share price $ 30.45
Beta 1.664
Diluted Shares Outstanding 73
Cost of Debt
Tax Rate -17.66
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.598
Total Debt 168.22
Total Equity 2,223
Total Capital 2,391.22
Debt Weighting 7.03
Equity Weighting 92.97
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 846.81942.771,014.19872.931,031.841,091.641,154.911,221.841,292.661,367.58
Operating Cash Flow 167.65160.19204.78176.70212.66213.59225.97239.07252.93267.58
Capital Expenditure -30.25-44.97-37.52-32-28.28-40.28-42.61-45.08-47.70-50.46
Free Cash Flow 137.40115.22167.26144.70184.37173.32183.36193.99205.23217.13
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 221.47
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -311.57
Equity Value -
Shares Outstanding 73
Equity Value Per Share -