Discounted Cash Flow (DCF) Analysis Unlevered

Olo Inc. (OLO)

$7.9

-0.04 (-0.50%)
All numbers are in Millions, Currency in USD
Stock DCF: -197.24 | 7.9 | overvalue

Operating Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 50.6998.42149.37258.35446.85772.881,336.792,312.14
Revenue (%)
EBITDA -7.654.08-45.21-35.49-61.39-106.17-183.64-317.63
EBITDA (%)
EBIT -8.013.41-46.83-37.63-65.08-112.57-194.70-336.77
EBIT (%)
Depreciation 0.360.671.612.143.706.4011.0619.14
Depreciation (%)

Balance Sheet Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 10.9475.76514.44381.46659.781,141.171,973.793,413.91
Total Cash (%)
Account Receivables 15.214642.8990.81157.07271.66469.88812.71
Account Receivables (%)
Inventories --------
Inventories (%)
Accounts Payable 6.209.102.1819.7634.1859.11102.24176.84
Accounts Payable (%)
Capital Expenditure -1.35-1.27-1.84-4.47-7.74-13.39-23.15-40.04
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 7.9
Beta 0.000
Diluted Shares Outstanding 148.45
Cost of Debt
Tax Rate 9.73
After-tax Cost of Debt 4.51%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.804
Total Debt -
Total Equity 1,172.78
Total Capital 1,172.78
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 50.6998.42149.37258.35446.85772.881,336.792,312.14
EBITDA -7.654.08-45.21-35.49-61.39-106.17-183.64-317.63
EBIT -8.013.41-46.83-37.63-65.08-112.57-194.70-336.77
Tax Rate -0.32%5.81%9.73%5.07%5.07%5.07%5.07%5.07%
EBIAT -8.043.21-42.27-35.72-61.78-106.86-184.82-319.67
Depreciation 0.360.671.612.143.706.4011.0619.14
Accounts Receivable --30.793.11-47.92-66.26-114.60-198.21-342.83
Inventories --------
Accounts Payable -2.90-6.9217.5814.4224.9443.1374.60
Capital Expenditure -1.35-1.27-1.84-4.47-7.74-13.39-23.15-40.04
UFCF -9.03-25.27-46.31-68.40-117.66-203.51-351.99-608.82
WACC
PV UFCF -71-117.66-196.06-326.69-544.37
SUM PV UFCF -1,165.52

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.80
Free cash flow (t + 1) -620.99
Terminal Value -34,499.60
Present Value of Terminal Value -28,630.39

Intrinsic Value

Enterprise Value -29,795.92
Net Debt -514.45
Equity Value -29,281.47
Shares Outstanding 148.45
Equity Value Per Share -197.24