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LOPE - Grand Canyon Educati...

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Grand Canyon Education, Inc.

LOPE

NASDAQ

Grand Canyon Education, Inc. provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services. It also offers marketing and communication services, such as lead acquisition, digital communications strategy, brand identity, market research, media planning and strategy, video, and business intelligence and data science; and back-office services comprising finance and accounting, human resources, audit, and procurement services. The company, through its subsidiary, Orbis Education Services, LLC, supports healthcare education programs for 27 universities. Grand Canyon Education, Inc. was founded in 1949 and is based in Phoenix, Arizona.

186.25 USD

7.28 (3.91%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

844.1M

896.56M

911.31M

960.9M

1.03B

1.09B

1.14B

1.2B

1.27B

1.33B

Revenue %

-

6.22

1.64

5.44

7.5

5.2

5.2

5.2

5.2

Ebitda

307.09M

364.75M

271.3M

291.68M

327.87M

367.16M

386.26M

406.35M

427.49M

449.72M

Ebitda %

36.38

40.68

29.77

30.36

31.74

33.79

33.79

33.79

33.79

Ebit

277.44M

334.89M

240.12M

259.71M

291.32M

329.93M

347.09M

365.14M

384.14M

404.12M

Ebit %

32.87

37.35

26.35

27.03

28.2

30.36

30.36

30.36

30.36

Depreciation

29.65M

29.86M

31.18M

31.97M

36.55M

37.23M

39.17M

41.21M

43.35M

45.6M

Depreciation %

3.51

3.33

3.42

3.33

3.54

3.43

3.43

3.43

3.43

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

256.61M

600.94M

181.7M

244.51M

324.62M

378.7M

398.4M

419.12M

440.92M

463.85M

Total Cash %

30.4

67.03

19.94

25.45

31.43

34.85

34.85

34.85

34.85

Receivables

68.49M

71.34M

80.2M

80.13M

83.44M

89.74M

94.41M

99.32M

104.48M

109.92M

Receivables %

8.11

7.96

8.8

8.34

8.08

8.26

8.26

8.26

8.26

Inventories

-10.84M

1

-

-

-

-2.79M

-2.94M

-3.09M

-3.25M

-3.42M

Inventories %

-1.28

0

-

-

-

-0.26

-0.26

-0.26

-0.26

Payable

11.18M

24.31M

20.01M

17.68M

26.72M

23.16M

24.37M

25.63M

26.97M

28.37M

Payable %

1.32

2.71

2.2

1.84

2.59

2.13

2.13

2.13

2.13

Cap Ex

-29.94M

-29.39M

-35.63M

-45.43M

-37.25M

-41.45M

-43.6M

-45.87M

-48.26M

-50.77M

Cap Ex %

-3.55

-3.28

-3.91

-4.73

-3.61

-3.81

-3.81

-3.81

-3.81

Weighted Average Cost Of Capital

Price

186.25

Beta

Diluted Shares Outstanding

29.27M

Costof Debt

3.92

Tax Rate

After Tax Cost Of Debt

3.04

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

108.52M

Total Equity

5.45B

Total Capital

5.56B

Debt Weighting

1.95

Equity Weighting

98.05

Wacc

7.7

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

844.1M

896.56M

911.31M

960.9M

1.03B

1.09B

1.14B

1.2B

1.27B

1.33B

Ebitda

307.09M

364.75M

271.3M

291.68M

327.87M

367.16M

386.26M

406.35M

427.49M

449.72M

Ebit

277.44M

334.89M

240.12M

259.71M

291.32M

329.93M

347.09M

365.14M

384.14M

404.12M

Tax Rate

22.34

22.34

22.34

22.34

22.34

22.34

22.34

22.34

22.34

22.34

Ebiat

214.19M

263.17M

184.68M

205.01M

226.24M

256.88M

270.24M

284.3M

299.09M

314.64M

Depreciation

29.65M

29.86M

31.18M

31.97M

36.55M

37.23M

39.17M

41.21M

43.35M

45.6M

Receivables

68.49M

71.34M

80.2M

80.13M

83.44M

89.74M

94.41M

99.32M

104.48M

109.92M

Inventories

-10.84M

1

-

-

-

-2.79M

-2.94M

-3.09M

-3.25M

-3.42M

Payable

11.18M

24.31M

20.01M

17.68M

26.72M

23.16M

24.37M

25.63M

26.97M

28.37M

Cap Ex

-29.94M

-29.39M

-35.63M

-45.43M

-37.25M

-41.45M

-43.6M

-45.87M

-48.26M

-50.77M

Ufcf

167.43M

263.09M

167.06M

189.29M

231.28M

245.6M

262.49M

276.15M

290.51M

305.62M

Wacc

7.7

7.7

7.7

7.7

7.7

Pv Ufcf

228.04M

226.3M

221.05M

215.92M

210.91M

Sum Pv Ufcf

1.1B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

7.7

Free Cash Flow T1

314.79M

Terminal Value

6.69B

Present Terminal Value

4.62B

Intrinsic Value

Enterprise Value

5.72B

Net Debt

-216.1M

Equity Value

5.94B

Diluted Shares Outstanding

29.27M

Equity Value Per Share

202.84

Projected DCF

202.84 0.082%

DCF Levered

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