Free Cash Flow Build Up
Zynga Inc (ZNGA)
$9.345
-0.085 (-0.90%)
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 | 2024 Projected |
| Revenue | 873.30 | 690.40 | 764.72 | 741.42 | 861.39 | 907.21 | 1,321.66 | 1,440.52 | 1,570.06 | 1,711.26 | 1,865.16 | 2,032.89 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 68.21 | -147.03 | -73.30 | -59.90 | 73.16 | 74.81 | 143.75 | -7.27 | -7.92 | -8.64 | -9.41 | -10.26 |
| EBIT | -60.79 | -229.93 | -127.61 | -101.67 | 42.87 | 32.76 | 64.31 | -117.74 | -128.32 | -139.86 | -152.44 | -166.15 |
| Tax Rate | 42.99% | 3.13% | 6.66% | -3.29% | 29.12% | 41.59% | 11.43% | 18.80% | 18.80% | 18.80% | 18.80% | 18.80% |
| EBIAT | -34.66 | -222.73 | -119.11 | -105.02 | 30.39 | 19.13 | 56.96 | -95.60 | -104.19 | -113.56 | -123.78 | -134.91 |
| Depreciation | 129.00 | 82.90 | 54.31 | 41.77 | 30.29 | 42.06 | 79.45 | 110.47 | 120.40 | 131.23 | 143.03 | 155.89 |
| Accounts Receivable | - | -20.30 | 8.06 | 7.29 | -26.12 | 12.05 | -48.45 | -16.44 | -14.08 | -15.34 | -16.72 | -18.23 |
| Inventories | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | -6.00 | 14.68 | -5.68 | 7.74 | 30.07 | -4.01 | -3.13 | 4.92 | 5.36 | 5.84 | 6.37 |
| Capital Expenditure | -7.80 | -9.20 | -7.83 | -10.31 | -9.97 | -11.47 | -23.64 | -18.21 | -19.85 | -21.64 | -23.58 | -25.70 |
| UFCF | 86.54 | -175.33 | -49.90 | -71.95 | 32.33 | 91.84 | 60.30 | -22.92 | -12.81 | -13.96 | -15.21 | -16.58 |
| WACC | ||||||||||||
| PV UFCF | -21.95 | -11.74 | -12.26 | -12.80 | -13.36 | |||||||
| SUM PV UFCF | -72.10 |