DCF Tool


Euronet Worldwide Inc – Data Processing, Hosting, and Related Services
euronet worldwide (nasdaq:eeft) is a global leader in processing secure electronic financial and payment transactions. our service segments include financial institutions, mobile operators, merchants, and money transfer sending and receiving agents. we operate one of the largest independent atm networks in europe and the largest shared atm network in india. our proprietary software offers comprehensive software solutions to leading financial institutions around the world. we are the world's largest processor of prepaid mobile airtime and we are the third-largest global money transfer company. our global focus is supported by extensive in-country operations across the united states, europe, middle east and asia-pacific. so whether you are transacting around the corner or around the globe, we are committed to extending the convenience and simplicity of our electronic payment solutions to our customers in emerging and developed markets.
Analysis Results
Intrinsic Value $226.96
Latest Price $81.25
Relative Value 64% undervalued
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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 17.1%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.8%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 17.1%, 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 0.42 0.39
2024 0.492 0.424
2025 0.576 0.461
2026 0.675 0.501
2027 0.791 0.544
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 14.0 billion. This corresponds to a present value of 8.95 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 2.32 billion. Adding in the terminal value gives a total present value of 11.3 billion.

There are presently 49.7 million outstanding shares, so the intrinsic value per share is 226.96.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 3,726,673,000
Current Cash 1,131,207,000
Current Liabilities 2,354,071,000
Current Debt 3,145,000
Non-Cash Working Capital (NCWC) 244,540,000
Change in NCWC 44,256,000
EBIT 385,339,000
Tax Provision 91,853,000
Depreciation and Amortization 135,864,000
Capital Expenditure -104,257,000
Unlevered Free Cash Flow 351,483,798
Current Assets 3,308,423,000
Current Cash 1,260,466,000
Current Liabilities 1,852,641,000
Current Debt 4,968,000
Non-Cash Working Capital (NCWC) 200,284,000
Change in NCWC 102,845,000
EBIT 222,650,000
Tax Provision 65,088,000
Depreciation and Amortization 135,754,000
Capital Expenditure -92,207,000
Unlevered Free Cash Flow 262,229,077
Current Assets 3,365,935,000
Current Cash 1,420,255,000
Current Liabilities 1,855,441,000
Current Debt 7,200,000
Non-Cash Working Capital (NCWC) 97,439,000
Change in NCWC -413,240,000
EBIT 153,224,000
Tax Provision 11,475,000
Depreciation and Amortization 127,021,000
Capital Expenditure -97,628,000
Unlevered Free Cash Flow -242,098,000
Current Assets 2,918,732,000
Current Cash 786,081,000
Current Liabilities 1,633,980,000
Current Debt 12,008,000
Non-Cash Working Capital (NCWC) 510,679,000
Change in NCWC 812,368,000
EBIT 475,194,000
Tax Provision 87,112,000
Depreciation and Amortization 111,744,000
Capital Expenditure -131,287,000
Unlevered Free Cash Flow 1,172,596,151
Current Assets 2,087,587,000
Current Cash 1,054,357,000
Current Liabilities 1,378,394,000
Current Debt 43,475,000
Non-Cash Working Capital (NCWC) -301,689,000
Change in NCWC -11,668,000
EBIT 364,846,000
Tax Provision 62,785,000
Depreciation and Amortization 106,021,000
Capital Expenditure -112,484,000
Unlevered Free Cash Flow 269,042,523
Current Assets 1,890,186,000
Current Cash 819,144,000
Current Liabilities 1,407,720,000
Current Debt 46,657,000
Non-Cash Working Capital (NCWC) -290,021,000
Change in NCWC 3,051,000
EBIT 300,101,000
Tax Provision 99,395,000
Depreciation and Amortization 95,030,000
Capital Expenditure -97,235,000
Unlevered Free Cash Flow 184,581,545
Current Assets 1,584,988,000
Current Cash 734,414,000
Current Liabilities 1,179,100,000
Current Debt 35,454,000
Non-Cash Working Capital (NCWC) -293,072,000
Change in NCWC -76,683,000
EBIT 249,773,000
Tax Provision 58,795,000
Depreciation and Amortization 80,529,000
Capital Expenditure -87,411,000
Unlevered Free Cash Flow 103,151,559
Current Assets 1,131,010,000
Current Cash 457,518,000
Current Liabilities 903,932,000
Current Debt 14,051,000
Non-Cash Working Capital (NCWC) -216,389,000
Change in NCWC -18,786,000
EBIT 204,841,000
Tax Provision 42,602,000
Depreciation and Amortization 70,025,000
Capital Expenditure -74,620,000
Unlevered Free Cash Flow 119,610,195
Current Assets 1,105,916,000
Current Cash 468,010,000
Current Liabilities 848,881,000
Current Debt 13,372,000
Non-Cash Working Capital (NCWC) -197,603,000
Change in NCWC -109,405,000
EBIT 158,685,000
Tax Provision 40,015,000
Depreciation and Amortization 71,455,000
Capital Expenditure -63,098,000
Unlevered Free Cash Flow 12,763,179
Current Assets 840,375,000
Current Cash 209,826,000
Current Liabilities 732,011,000
Current Debt 13,264,000
Non-Cash Working Capital (NCWC) -88,198,000
Change in NCWC -23,432,000
EBIT 117,723,000
Tax Provision 27,732,000
Depreciation and Amortization 65,053,000
Capital Expenditure -47,161,000
Unlevered Free Cash Flow 83,815,321
Current Assets 813,179,000
Current Cash 191,187,000
Current Liabilities 696,706,000
Current Debt 9,948,000
Non-Cash Working Capital (NCWC) -64,766,000
Change in NCWC -46,419,000
EBIT 87,687,000
Tax Provision 26,937,000
Depreciation and Amortization 64,167,000
Capital Expenditure -50,651,000
Unlevered Free Cash Flow 4,882,772

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