Discounted Cash Flow (DCF) Analysis Unlevered

Ambarella, Inc. (AMBA)

$89.04

-0.47 (-0.53%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 89.04 | undervalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 295.40227.77228.73222.99331.86351.63372.59394.79418.32443.25
Revenue (%)
EBITDA 30.50-27.33-30-45.34-14.63-27.80-29.46-31.21-33.07-35.04
EBITDA (%)
EBIT 25.73-34.55-41.63-57.30-28.64-41.48-43.96-46.58-49.35-52.29
EBIT (%)
Depreciation 4.777.2211.6311.9714.0113.6814.5015.3616.2817.25
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 434.59358.91404.75440.71171.04513.96544.59577.05611.44647.88
Total Cash (%)
Account Receivables 31.2926.2118.4924.9744.3138.4940.7943.2245.7948.52
Account Receivables (%)
Inventories 23.3818.2522.9726.0845.2236.0738.2240.5042.9145.47
Inventories (%)
Accounts Payable 19.8112.8014.9121.1231.1726.5228.1029.7831.5533.43
Accounts Payable (%)
Capital Expenditure -3.69-2.94-1.82-4.94-9.68-5.96-6.31-6.69-7.08-7.51
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 89.04
Beta 1.356
Diluted Shares Outstanding 36.58
Cost of Debt
Tax Rate 7.79
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.242
Total Debt 11.71
Total Equity 3,256.83
Total Capital 3,268.54
Debt Weighting 0.36
Equity Weighting 99.64
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 295.40227.77228.73222.99331.86351.63372.59394.79418.32443.25
EBITDA 30.50-27.33-30-45.34-14.63-27.80-29.46-31.21-33.07-35.04
EBIT 25.73-34.55-41.63-57.30-28.64-41.48-43.96-46.58-49.35-52.29
Tax Rate 26.73%11.88%-7.60%-4.33%7.79%6.89%6.89%6.89%6.89%6.89%
EBIAT 18.85-30.45-44.79-59.79-26.41-38.62-40.93-43.37-45.95-48.69
Depreciation 4.777.2211.6311.9714.0113.6814.5015.3616.2817.25
Accounts Receivable -5.087.72-6.49-19.335.81-2.29-2.43-2.58-2.73
Inventories -5.13-4.72-3.11-19.149.15-2.15-2.28-2.41-2.56
Accounts Payable --7.012.116.2110.05-4.651.581.671.771.88
Capital Expenditure -3.69-2.94-1.82-4.94-9.68-5.96-6.31-6.69-7.08-7.51
UFCF 19.94-22.97-29.87-56.14-50.51-20.59-35.60-37.72-39.97-42.35
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -43.20
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -159.33
Equity Value -
Shares Outstanding 36.58
Equity Value Per Share -