Loading...

Free Cash Flow Build Up

MarketAxess Holdings Inc.

MarketAxess Holdings Inc. (MKTX)

Financial Services

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 238.73262.77303.11367.73393.44435.57491.72555.10626.65707.43798.62
EBITDA 127.79135.91166.44209.42221.03241.18269.36304.08343.28387.53437.48
EBIT 114.74118.54147.89191.59201.75218.09242.12273.33308.56348.34393.24
Tax Rate 33.75%36.89%35.07%34.15%26.60%20.74%31.20%31.20%31.20%31.20%31.20%
EBIAT 76.0274.8196.03126.16148.08172.86166.58188.05212.29239.66270.55
Depreciation 13.0617.3718.5517.8419.2823.0927.2430.7534.7239.1944.24
Accounts Receivable -0.32-6.62-10.21-1.97-4.90-8.74-8.54-9.65-10.89-12.29
Inventories -----------
Accounts Payable --0.910.292.90-0.9115.12-6.053.003.393.834.32
Capital Expenditure --8.480.603.107.0822.03-12.454.535.125.786.52
UFCF 89.0883.10108.85139.79171.56228.19166.58217.80245.87277.57313.34
WACC
PV UFCF 166.58217.80245.87277.57313.34
SUM PV UFCF 2,041.73