Discounted Cash Flow (DCF) Analysis Unlevered
Advantage Solutions Inc. (ADV)
$2.48
0.00 (0.00%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2016 Actual | 2017 Projected | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 2,100.24 | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| EBITDA | 225.03 | - | - | - | - | - | - | - | - | - | - |
| EBITDA (%) | |||||||||||
| EBIT | 54.77 | - | - | - | - | - | - | - | - | - | - |
| EBIT (%) | |||||||||||
| Depreciation | 170.26 | - | - | - | - | - | - | - | - | - | - |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2016 Actual | 2017 Projected | 2018 Projected | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Total Cash | 40.27 | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | |||||||||||
| Account Receivables | 419.88 | - | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | |||||||||||
| Inventories | 3.32 | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | |||||||||||
| Accounts Payable | 94.62 | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable (%) | |||||||||||
| Capital Expenditure | -34.76 | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 2.48 |
|---|---|
| Beta | 1.632 |
| Diluted Shares Outstanding | 321 |
| Cost of Debt | |
| Tax Rate | 40.23 |
| After-tax Cost of Debt | 3.92% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.233 |
| Total Debt | 2,104.14 |
| Total Equity | 796.09 |
| Total Capital | 2,900.23 |
| Debt Weighting | 72.55 |
| Equity Weighting | 27.45 |
| Wacc |
Build Up Free Cash
Year A/P | 2016 Actual | 2017 Projected | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 2,100.24 | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 225.03 | - | - | - | - | - | - | - | - | - | - |
| EBIT | 54.77 | - | - | - | - | - | - | - | - | - | - |
| Tax Rate | 40.23% | 16.09% | 12.29% | -15.05% | 2.75% | 40.23% | 16.09% | 16.09% | 16.09% | 16.09% | 16.09% |
| EBIAT | 32.74 | - | - | - | - | - | - | - | - | - | - |
| Depreciation | 170.26 | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -34.76 | - | -47.16 | -52.42 | -30.95 | -31.18 | - | - | - | - | - |
| UFCF | 168.24 | - | - | - | - | - | - | - | - | - | - |
| WACC | |||||||||||
| PV UFCF | - | - | - | - | - | - | - | - | - | - | |
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.93 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 1,939.52 |
| Equity Value | - |
| Shares Outstanding | 321 |
| Equity Value Per Share | - |