Loading...

Major Indexes

Discounted Cash Flow (DCF) Analysis Levered


Fair Isaac Corproation

Fair Isaac Corproation (FICO)

$413.89
1.72 (+0.42%)

Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 743.44789.02838.80881.42932.271,032.591,160.211,249.901,346.511,450.601,562.73
Revenue (%)
Operating Cash Flow 136.12175.00132.95185.27225.61223.04260.35259.98280.08301.72325.05
Operating Cash Flow (%)
Capital Expenditure 24.1612.6225.0021.9519.8631.2924.0231.3733.8036.4139.22
Capital Expenditure (%)
Free Cash Flow 160.29187.63157.95207.22245.47254.33284.37291.35313.87338.13364.27

Weighted Average Cost Of Capital

Weighted Average Cost Of Capital

Share price $ 413.89
Diluted Shares Outstanding 30.29
Cost of Debt
Tax Rate 11.08
After-tax Cost of Debt -0.50
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.80
Total Debt 606.79
Total Equity 12,538.38
Total Capital 13,145.17
Debt Weighting 4.62
Equity Weighting 95.38
Wacc

Build Up Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 743.44789.02838.80881.42932.271,032.591,160.211,249.901,346.511,450.601,562.73
Operating Cash Flow 136.12175.00132.95185.27225.61223.04260.35259.98280.08301.72325.05
Capital Expenditure 24.1612.6225.0021.9519.8631.2924.0231.3733.8036.4139.22
Free Cash Flow 160.29187.63157.95207.22245.47254.33284.37291.35313.87338.13364.27
WACC
PV LFCF 234.52226.67219.09211.75
SUM PV LFCF 1,416.78

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 11.46
Free cash flow (t + 1) 286.40
Terminal Value 3,839.13
Present Value of Terminal Value 2,231.71

Intrinsic Value

Enterprise Value 3,313.23
Net Debt 500.40
Equity Value 2,812.83
Shares Outstanding 30.29
Equity Value Per Share 127.70