Free Cash Flow Build Up

Paycom Software, Inc. (PAYC)

$ 340
4.59 (+1.37%)
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
2024
Projected
2025
Projected
Revenue 107.60150.93224.65329.14433.05566.34737.67841.431,132.681,524.742,052.502,762.943,719.28
EBITDA 1320.2440.1765.8088.43188.84248.02213.73249.41335.73451.94608.37818.95
EBIT 7.5113.0830.7552.1769.03159.18205.81160.35192.83259.57349.42470.37633.17
Tax Rate 0.00%41.35%37.52%23.41%12.84%21.55%20.13%22.85%22.46%22.46%22.46%22.46%22.46%
EBIAT 7.517.6719.2139.9660.17124.88164.38123.72149.53201.28270.95364.74490.98
Depreciation 5.497.169.4213.6319.4029.6642.2153.3756.5876.16102.52138.01185.78
Accounts Receivable --2.02-5.377.07-6.591.25-5.94-6.26-3.29-7.91-10.65-14.34-19.30
Inventories -0.38-0.900.42-0.300.18-0.360.01-1.71-0.99-1.33-1.79-2.41
Accounts Payable --1.981.86-1.162.75-0.20-1.241.7413.176.919.3012.5216.85
Capital Expenditure -17.18-14.27-16.55-43.80-59.39-59.91-92.93-94.10-133.33-179.47-241.60-325.22-437.79
UFCF -4.18-3.067.6816.1116.0495.86106.1278.4780.9695.97129.19173.91234.11
WACC
PV UFCF 62.7365.4777.5891.92108.93
SUM PV UFCF 461.93