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Major Indexes

Discounted Cash Flow (DCF) Analysis Levered


NVIDIA Corporation

NVIDIA Corporation (NVDA)

$408.66
-6.42 (-1.55%)

Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
Revenue 4,280.164,130.354,681.765,010.416,910.369,714.5911,716.7710,918.8612,621.1014,588.7316,863.12
Revenue (%)
Operating Cash Flow 824,172.01835,145.90905,656.131,174.941,672.313,502.113,743.514,760.62930,474.531,075,535.511,243,211.50
Operating Cash Flow (%)
Capital Expenditure 183,308.94255,186.04122,381.0986.18176.21592.59599.90489.16206,592.34238,800.08276,029.02
Capital Expenditure (%)
Free Cash Flow 1,007,480.951,090,331.941,028,037.221,261.121,848.524,094.704,343.415,249.791,137,066.871,314,335.591,519,240.51

Weighted Average Cost Of Capital

Weighted Average Cost Of Capital

Share price $ 408.66
Diluted Shares Outstanding 618.00
Cost of Debt
Tax Rate 5.86
After-tax Cost of Debt -0.24
Risk-Free Rate
Market Risk Premium
Cost of Equity 18.68
Total Debt 1,991.00
Total Equity 252,551.88
Total Capital 254,542.88
Debt Weighting 0.78
Equity Weighting 99.22
Wacc

Build Up Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
Revenue 4,280.164,130.354,681.765,010.416,910.369,714.5911,716.7710,918.8612,621.1014,588.7316,863.12
Operating Cash Flow 824,172.01835,145.90905,656.131,174.941,672.313,502.113,743.514,760.62930,474.531,075,535.511,243,211.50
Capital Expenditure 183,308.94255,186.04122,381.0986.18176.21592.59599.90489.16206,592.34238,800.08276,029.02
Free Cash Flow 1,007,480.951,090,331.941,028,037.221,261.121,848.524,094.704,343.415,249.791,137,066.871,314,335.591,519,240.51
WACC
PV LFCF 682,121.20664,977.56648,264.79
SUM PV LFCF 2,965,599.49

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 18.57
Free cash flow (t + 1) 108,063.93
Terminal Value 741,687.92
Present Value of Terminal Value 316,480.61

Intrinsic Value

Enterprise Value 938,946.67
Net Debt -8,906.02
Equity Value 947,852.69
Shares Outstanding 618.00
Equity Value Per Share 12,300.63