Discounted Cash Flow (DCF) Analysis Unlevered
Paymentus Holdings, Inc. (PAY)
$8.86
+0.31 (+3.63%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2017 Actual | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1,871 | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| EBITDA | 32.50 | - | - | - | - | - | - | - | - | - | - |
| EBITDA (%) | |||||||||||
| EBIT | -108.20 | - | - | - | - | - | - | - | - | - | - |
| EBIT (%) | |||||||||||
| Depreciation | 140.70 | - | - | - | - | - | - | - | - | - | - |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2017 Actual | 2018 Projected | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Total Cash | 131 | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | |||||||||||
| Account Receivables | 322.70 | - | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | |||||||||||
| Inventories | 126.60 | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | |||||||||||
| Accounts Payable | 144.80 | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable (%) | |||||||||||
| Capital Expenditure | -67.30 | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 8.86 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 115.86 |
| Cost of Debt | |
| Tax Rate | 60.78 |
| After-tax Cost of Debt | 5.16% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 3.494 |
| Total Debt | 12.63 |
| Total Equity | 1,026.52 |
| Total Capital | 1,039.15 |
| Debt Weighting | 1.22 |
| Equity Weighting | 98.78 |
| Wacc |
Build Up Free Cash
Year A/P | 2017 Actual | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1,871 | - | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 32.50 | - | - | - | - | - | - | - | - | - | - |
| EBIT | -108.20 | - | - | - | - | - | - | - | - | - | - |
| Tax Rate | -21.69% | 20.12% | 25.88% | 25.34% | 10.28% | 60.78% | 20.12% | 20.12% | 20.12% | 20.12% | 20.12% |
| EBIAT | -131.67 | - | - | - | - | - | - | - | - | - | - |
| Depreciation | 140.70 | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -67.30 | - | -12.53 | -14.85 | -20.41 | -31.30 | - | - | - | - | - |
| UFCF | -58.27 | - | - | - | - | - | - | - | - | - | - |
| WACC | |||||||||||
| PV UFCF | - | - | - | - | - | - | - | - | - | - | |
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.51 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -134.70 |
| Equity Value | - |
| Shares Outstanding | 115.86 |
| Equity Value Per Share | - |