Discounted Cash Flow (DCF) Analysis Levered


GoPro Inc.

GoPro Inc. (GPRO)

$4.77
0.16 (+3.47%)

Free Cash Flow

Year
A/P
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 1,394.201,619.931,185.461,179.771,148.391,194.671,171.371,148.531,126.141,104.18
Revenue (%)
Operating Cash Flow 96.90157.62-107.76-36.81-42.49-24.49-2.46-2.41-2.36-2.32
Operating Cash Flow (%)
Capital Expenditure 27.4751.1943.6324.0711.028.3624.4824.0023.5423.08
Capital Expenditure (%)
Free Cash Flow 124.36208.81-64.13-12.74-31.47-16.1322.0221.5921.1720.76

Weighted Average Cost Of Capital

Weighted Average Cost Of Capital

Share price $ 4.77
Diluted Shares Outstanding 144.89
Cost of Debt
Tax Rate 23.22
After-tax Cost of Debt 3.84%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.07
Total Debt 148.81
Total Equity 691.13
Total Capital 832.92
Debt Weighting 17.02
Equity Weighting 82.98
Wacc

Build Up Free Cash Flow

Year
A/P
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 1,394.201,619.931,185.461,179.771,148.391,194.671,171.371,148.531,126.141,104.18
Operating Cash Flow 96.90157.62-107.76-36.81-42.49-24.49-2.46-2.41-2.36-2.32
Capital Expenditure 27.4751.1943.6324.0711.028.3624.4824.0023.5423.08
Free Cash Flow 124.36208.81-64.13-12.74-31.47-16.1322.0221.5921.1720.76
WACC
PV LFCF 23.8221.5919.5717.74
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.18
Free cash flow (t + 1) -31.37
Terminal Value -750.49
Present Value of Terminal Value -506.54

Intrinsic Value

Enterprise Value -
Net Debt -1.49
Equity Value -
Shares Outstanding 144.89
Equity Value Per Share -