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Intuitive Surgical Inc.

Intuitive Surgical Inc. (ISRG)

Healthcare

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Revenue 2,265.102,131.692,384.292,706.413,138.083,723.964,126.894,573.425,068.275,616.656,224.37
EBITDA 938.20623.30848.091,077.421,203.771,405.051,527.781,693.081,876.272,079.282,304.26
EBIT 870.93548.91758.68985.401,104.601,282.161,389.521,539.871,706.491,891.132,095.75
Tax Rate 22.95%23.72%22.37%25.07%39.27%12.05%24.24%24.24%24.24%24.24%24.24%
EBIAT 671.02418.73588.94738.38670.781,127.691,052.721,166.631,292.851,432.741,587.76
Depreciation 67.2774.4089.4192.0299.16122.89138.25153.21169.79188.16208.52
Accounts Receivable --13.58-79.30-35.96-77.74-174.1728.53-70.73-78.38-86.86-96.26
Inventories --2.0013.77-14.56-58.91-167.5772.55-36.39-40.33-44.69-49.53
Accounts Payable -15.40-8.9115.7814.0618.022.6311.1612.3713.7115.19
Capital Expenditure -0.87-24.45-27.21136.94-3.48-8.2119.3821.4823.8026.38
UFCF 738.30493.82579.45768.45784.30923.371,286.471,243.261,377.781,526.851,692.06
WACC
PV UFCF 1,286.471,243.261,377.781,526.851,692.06
SUM PV UFCF 11,414.09