Discounted Cash Flow (DCF) Analysis Levered
NVIDIA Corporation (NVDA)
$252.73
-4.51 (-1.75%)
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 | 4,280.16 | 4,130.35 | 4,681.76 | 5,010.41 | 6,910.36 | 9,714.59 | 11,716.77 | 13,981.62 | 16,684.26 | 19,909.33 | 23,757.81 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| Operating Cash Flow | 824.36 | 835.16 | 905.45 | 1,174.94 | 1,672.31 | 3,502.11 | 3,743.51 | 3,484.22 | 4,157.72 | 4,961.41 | 5,920.45 |
| Operating Cash Flow (%) | |||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | |||||||||||
| Free Cash Flow | 824.36 | 835.16 | 905.45 | 1,174.94 | 1,672.31 | 3,502.11 | 3,743.51 | - | - | - | - |
Weighted Average Cost Of Capital
| Share price | $ 252.73 |
|---|---|
| Diluted Shares Outstanding | 625.00 |
| Cost of Debt | |
| Tax Rate | -6.29 |
| After-tax Cost of Debt | 0.36 |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 18.68 |
| Total Debt | 1,988.00 |
| Total Equity | 157,956.25 |
| Total Capital | 159,944.25 |
| Debt Weighting | 1.24 |
| Equity Weighting | 98.76 |
| 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 | 4,280.16 | 4,130.35 | 4,681.76 | 5,010.41 | 6,910.36 | 9,714.59 | 11,716.77 | 13,981.62 | 16,684.26 | 19,909.33 | 23,757.81 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 824.36 | 835.16 | 905.45 | 1,174.94 | 1,672.31 | 3,502.11 | 3,743.51 | 3,484.22 | 4,157.72 | 4,961.41 | 5,920.45 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | 824.36 | 835.16 | 905.45 | 1,174.94 | 1,672.31 | 3,502.11 | 3,743.51 | - | - | - | - |
| WACC | |||||||||||
| PV LFCF | - | - | - | - | |||||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 18.52 |
| Free cash flow (t + 1) | 5,205.68 |
| Terminal Value | 35,851.76 |
| Present Value of Terminal Value | 15,330.36 |
Intrinsic Value
| Enterprise Value | 23,260.98 |
|---|---|
| Net Debt | -5,434.57 |
| Equity Value | 28,695.56 |
| Shares Outstanding | 625.00 |
| Equity Value Per Share | - |