Discounted Cash Flow (DCF) Analysis Unlevered

Braze, Inc. (BRZE)

$26.12

+0.29 (+1.12%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 26.12 | undervalue

Operating Data

Year
A/P
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 96.36150.19238.04374.13588.03924.221,452.632,283.14
Revenue (%)
EBITDA -30.71-29.63-73.74-102.98-161.86-254.40-399.84-628.45
EBITDA (%)
EBIT -31.36-31.21-76.52-106.59-167.53-263.31-413.85-650.46
EBIT (%)
Depreciation 0.641.592.773.615.678.911422.01
Depreciation (%)

Balance Sheet Data

Year
A/P
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 91.9686.51514.09460.19723.291,136.821,786.772,808.32
Total Cash (%)
Account Receivables 23.2734.7764.5092.78145.83229.20360.24566.20
Account Receivables (%)
Inventories --------
Inventories (%)
Accounts Payable 1.210.442.083.024.757.4711.7418.45
Accounts Payable (%)
Capital Expenditure -2.55-4.35-4.38-9.21-14.48-22.75-35.76-56.21
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 26.12
Beta 0.000
Diluted Shares Outstanding 34.90
Cost of Debt
Tax Rate 2.06
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.506
Total Debt -
Total Equity 911.51
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 96.36150.19238.04374.13588.03924.221,452.632,283.14
EBITDA -30.71-29.63-73.74-102.98-161.86-254.40-399.84-628.45
EBIT -31.36-31.21-76.52-106.59-167.53-263.31-413.85-650.46
Tax Rate -1.44%-1.02%2.06%-0.13%-0.13%-0.13%-0.13%-0.13%
EBIAT -31.81-31.53-74.94-106.73-167.75-263.66-414.40-651.33
Depreciation 0.641.592.773.615.678.911422.01
Accounts Receivable --11.50-29.73-28.28-53.05-83.37-131.04-205.96
Inventories --------
Accounts Payable --0.771.640.941.732.724.276.71
Capital Expenditure -2.55-4.35-4.38-9.21-14.48-22.75-35.76-56.21
UFCF -33.72-46.57-104.63-139.67-227.88-358.16-562.93-884.78
WACC
PV UFCF --227.88---
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -902.47
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -478.94
Equity Value -
Shares Outstanding 34.90
Equity Value Per Share -