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  • The Discounted Cash Flow (DCF) Estimate of Snap Stock's Fair Market Value On Per Share Is 27.94

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    Narinder
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    The document provides financial projections for Snap Inc. from 2017 to 2026 including revenue, adjusted EBITDA, capital expenditures, and free cash flow. It then calculates the discounted cash flow value of Snap stock as $33,399.62 per share, suggesting it is undervalued compared to the market price of $22.74. The valuation is based on revenue growth rates from 133% to around 40% out to 2021 then declining to 3.5% terminal growth, along with adjusted EBITDA margins increasing from negative to around 40%.

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    Q1 (1)

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    The document provides financial projections for Snap Inc. from 2017 to 2026 including revenue, adjusted EBITDA, capital expenditures, and free cash flow. It then calculates the discounted cash flow value of Snap stock as $33,399.62 per share, suggesting it is undervalued compared to the market price of $22.74. The valuation is based on revenue growth rates from 133% to around 40% out to 2021 then declining to 3.5% terminal growth, along with adjusted EBITDA margins increasing from negative to around 40%.

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    © All Rights Reserved
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    71 views3 pages

    The Discounted Cash Flow (DCF) Estimate of Snap Stock's Fair Market Value On Per Share Is 27.94

    Uploaded by

    Narinder
    The document provides financial projections for Snap Inc. from 2017 to 2026 including revenue, adjusted EBITDA, capital expenditures, and free cash flow. It then calculates the discounted cash flow value of Snap stock as $33,399.62 per share, suggesting it is undervalued compared to the market price of $22.74. The valuation is based on revenue growth rates from 133% to around 40% out to 2021 then declining to 3.5% terminal growth, along with adjusted EBITDA margins increasing from negative to around 40%.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 3

    2016Act

    Net Revenue $405


    Growth 589.5%
    Adj. EBITDA (Note 1) ($459)
    Adj. EBITDA Margin (113.6%)

    Cash Taxes $0
    Incr (Decr) in Net WC $151
    Capital Expenditures $67
    Stock-based Comp. $32
    Free Cash Flow ($709)

    Terminal Value
    Discount Factor
    Enterprice Value 38728.46

    Enterprice Value 38728.46


    Debt 0
    Cash 501.7
    WACC 9.70%
    Terminal Growth Rate 3.50%

    The Discounted cash flow (DCF) Estimate of Snap Stock's Fair M


    Financial Forecast ($ millions)
    2017 2018 2019 2020 2021 2022

    $944 $1,935 $3,254 $4,902 $6,907 $9,189


    133.3% 105.0% 68.2% 50.6% 40.9% 33.0%
    ($772) ($610) ($195) $363 $1,474 $2,616
    (81.8%) (31.5%) (6.0%) 7.4% 21.3% 28.5%

    $0 $0 $0 $0 $0 $0
    $257 $228 $231 $228 $209 $224
    $83 $97 $109 $120 $130 $140
    $75 $159 $203 $257 $317 $421
    ($1,186) ($1,093) ($737) ($243) $818 $1,831

    0.911577028259 0.830972678449305 0.757496 0.690516 0.629458151621889

    Equity Value EV-DEBT + CASH

    39230.16

    Total Shares 1404


    Price/share 27.9417094017094

    market price 22.74


    ate of Snap Stock's Fair Market Value on per share is 27.94
    2023 2024 2025 ear (2026)

    $11,635 $14,131 $16,569 $17,149


    26.6% 21.4% 17.3% 3.5%
    $3,888 $5,223 $6,574 $6,804
    33.4% 37.0% 39.7% 39.7%

    $0 $823 $1,448
    $248 $207 $151
    $148 $155 $161
    $533 $648 $759
    $2,958 $3,390 $4,054 $4,196

    0.5737995913 0.523063 0.476812

    33,399.62

    undervalued

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