DCF Tool


Akamai Technologies Inc – Data Processing, Hosting, and Related Services
if you've ever shopped online, downloaded music, watched a web video or connected to work remotely, you've probably used akamai's cloud platform. akamai helps businesses connect the hyperconnected, empowering them to transform and reinvent their business online. we remove the complexities of technology so you can focus on driving your business faster forward – enabling you to embrace trends like cloud, mobile and media, while overcoming the challenges presented by security threats and the need to reach users globally. customers trust our cloud platform to securely deliver high-performing user experiences to any device, anywhere. reaching globally and delivers locally, the akamai intelligent platform™, provides customers with unmatched reliability, security, and visibility into their online businesses. follow us at @akamai, visit our facebook page at http://www.facebook.com/akamaitechnologies, and check out our videos on youtube at http://www.youtube.com/user/akamaitechnologies. a
Analysis Results
Intrinsic Value $222.50
Latest Price $115.72
Relative Value 48% undervalued
Thoughts on this result? Let us know.
Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 13.2%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 3.9%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 13.2%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2023 0.747 0.719
2024 0.845 0.783
2025 0.957 0.854
2026 1.08 0.93
2027 1.23 1.01
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 36.8 billion. This corresponds to a present value of 29.3 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 4.3 billion. Adding in the terminal value gives a total present value of 33.6 billion.

There are presently 151.0 million outstanding shares, so the intrinsic value per share is 222.5.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,969,562,000
Current Cash 1,105,316,000
Current Liabilities 818,868,000
Current Debt 0
Non-Cash Working Capital (NCWC) 45,378,000
Change in NCWC -6,520,000
EBIT 682,168,000
Tax Provision 126,696,000
Depreciation and Amortization 592,754,000
Capital Expenditure -458,302,000
Unlevered Free Cash Flow 677,209,149
Current Assets 1,920,434,000
Current Cash 1,078,195,000
Current Liabilities 790,341,000
Current Debt 0
Non-Cash Working Capital (NCWC) 51,898,000
Change in NCWC -21,390,000
EBIT 779,877,000
Tax Provision 62,571,000
Depreciation and Amortization 550,632,000
Capital Expenditure -545,230,000
Unlevered Free Cash Flow 695,565,287
Current Assets 1,929,531,000
Current Cash 1,098,073,000
Current Liabilities 758,170,000
Current Debt 0
Non-Cash Working Capital (NCWC) 73,288,000
Change in NCWC 72,005,000
EBIT 682,714,000
Tax Provision 45,922,000
Depreciation and Amortization 478,389,000
Capital Expenditure -731,872,000
Unlevered Free Cash Flow 449,241,240
Current Assets 2,231,613,000
Current Cash 1,536,994,000
Current Liabilities 693,336,000
Current Debt 0
Non-Cash Working Capital (NCWC) 1,283,000
Change in NCWC -117,809,000
EBIT 564,975,000
Tax Provision 53,350,000
Depreciation and Amortization 440,674,000
Capital Expenditure -562,077,000
Unlevered Free Cash Flow 269,040,630
Current Assets 2,535,354,000
Current Cash 1,892,105,000
Current Liabilities 1,210,709,000
Current Debt 686,552,000
Non-Cash Working Capital (NCWC) 119,092,000
Change in NCWC -13,940,000
EBIT 390,093,000
Tax Provision 44,716,000
Depreciation and Amortization 434,520,000
Capital Expenditure -405,741,000
Unlevered Free Cash Flow 354,089,802
Current Assets 1,308,872,000
Current Cash 711,936,000
Current Liabilities 463,904,000
Current Debt 0
Non-Cash Working Capital (NCWC) 133,032,000
Change in NCWC 34,721,000
EBIT 371,103,000
Tax Provision 97,801,000
Depreciation and Amortization 372,313,000
Capital Expenditure -414,778,000
Unlevered Free Cash Flow 248,548,121
Current Assets 1,309,917,000
Current Cash 837,018,000
Current Liabilities 374,588,000
Current Debt 0
Non-Cash Working Capital (NCWC) 98,311,000
Change in NCWC -72,876,000
EBIT 469,895,000
Tax Provision 143,314,000
Depreciation and Amortization 334,302,000
Capital Expenditure -180,949,000
Unlevered Free Cash Flow 403,798,665
Current Assets 1,253,188,000
Current Cash 749,561,000
Current Liabilities 332,440,000
Current Debt 0
Non-Cash Working Capital (NCWC) 171,187,000
Change in NCWC 935,000
EBIT 466,917,000
Tax Provision 135,218,000
Depreciation and Amortization 299,563,000
Capital Expenditure -311,676,000
Unlevered Free Cash Flow 317,472,980
Current Assets 1,262,555,000
Current Cash 758,292,000
Current Liabilities 334,011,000
Current Debt 0
Non-Cash Working Capital (NCWC) 170,252,000
Change in NCWC 77,600,000
EBIT 490,708,000
Tax Provision 145,828,000
Depreciation and Amortization 247,406,000
Capital Expenditure -207,159,000
Unlevered Free Cash Flow 459,404,216
Current Assets 1,029,714,000
Current Cash 673,896,000
Current Liabilities 263,166,000
Current Debt 0
Non-Cash Working Capital (NCWC) 92,652,000
Change in NCWC 4,793,000
EBIT 415,811,000
Tax Provision 126,067,000
Depreciation and Amortization 184,431,000
Capital Expenditure -260,073,000
Unlevered Free Cash Flow 220,019,691
Current Assets 728,384,000
Current Cash 437,581,000
Current Liabilities 202,944,000
Current Debt 0
Non-Cash Working Capital (NCWC) 87,859,000
Change in NCWC -36,543,000
EBIT 314,893,000
Tax Provision 117,602,000
Depreciation and Amortization 204,163,000
Capital Expenditure -165,642,000
Unlevered Free Cash Flow 201,718,378

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