DCF Tool

HOLX

Hologic, Inc. – Irradiation Apparatus Manufacturing
Hologic, Inc. is an innovative medical technology company primarily focused on improving women's health and well-being through early detection and treatment.
Analysis Results
Intrinsic Value $791.83
Latest Price $73.69
Relative Value 91% undervalued
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Cash Flow (Billions)
Analysis Parameters
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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 33.9%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 6.4%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 33.9%, 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)
2022 3.32 3.11
2023 4.44 3.92
2024 5.95 4.93
2025 7.96 6.2
2026 10.7 7.81
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 245 billion. This corresponds to a present value of 169 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 26.0 billion. Adding in the terminal value gives a total present value of 195 billion.

There are presently 246.0 million outstanding shares, so the intrinsic value per share is 791.83.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 3,168,700,000
Current Cash 1,170,300,000
Current Liabilities 1,326,800,000
Current Debt 316,700,000
Non-Cash Working Capital (NCWC) 988,300,000
Change in NCWC 379,500,000
EBIT 2,482,900,000
Tax Provision 491,400,000
Depreciation and Amortization 406,900,000
Capital Expenditure -103,300,000
Unlevered Free Cash Flow 2,649,250,578
Current Assets 2,222,300,000
Current Cash 701,000,000
Current Liabilities 1,239,300,000
Current Debt 326,800,000
Non-Cash Working Capital (NCWC) 608,800,000
Change in NCWC 322,700,000
EBIT 1,150,500,000
Tax Provision -108,600,000
Depreciation and Amortization 376,000,000
Capital Expenditure -98,300,000
Unlevered Free Cash Flow 1,750,900,000
Current Assets 1,630,400,000
Current Cash 590,700,000
Current Liabilities 1,026,800,000
Current Debt 273,200,000
Non-Cash Working Capital (NCWC) 286,100,000
Change in NCWC 30,800,000
EBIT 564,900,000
Tax Provision -54,100,000
Depreciation and Amortization 463,100,000
Capital Expenditure -57,000,000
Unlevered Free Cash Flow 1,001,800,000
Current Assets 1,723,200,000
Current Cash 666,700,000
Current Liabilities 1,402,600,000
Current Debt 601,400,000
Non-Cash Working Capital (NCWC) 255,300,000
Change in NCWC 30,400,000
EBIT 508,000,000
Tax Provision -307,300,000
Depreciation and Amortization 480,300,000
Capital Expenditure -58,400,000
Unlevered Free Cash Flow 960,300,000
Current Assets 1,478,600,000
Current Cash 540,600,000
Current Liabilities 1,865,500,000
Current Debt 1,152,400,000
Non-Cash Working Capital (NCWC) 224,900,000
Change in NCWC 52,600,000
EBIT 483,800,000
Tax Provision 475,000,000
Depreciation and Amortization 449,200,000
Capital Expenditure -57,800,000
Unlevered Free Cash Flow 741,042,584
Current Assets 1,326,600,000
Current Cash 548,400,000
Current Liabilities 901,900,000
Current Debt 296,000,000
Non-Cash Working Capital (NCWC) 172,300,000
Change in NCWC -50,600,000
EBIT 559,100,000
Tax Provision 84,500,000
Depreciation and Amortization 465,400,000
Capital Expenditure -47,300,000
Unlevered Free Cash Flow 812,841,391
Current Assets 1,266,400,000
Current Cash 491,300,000
Current Liabilities 944,000,000
Current Debt 391,800,000
Non-Cash Working Capital (NCWC) 222,900,000
Change in NCWC -101,700,000
EBIT 483,600,000
Tax Provision 45,600,000
Depreciation and Amortization 491,400
Capital Expenditure -48,100
Unlevered Free Cash Flow 257,895,444
Current Assets 1,565,800,000
Current Cash 736,100,000
Current Liabilities 619,600,000
Current Debt 114,500,000
Non-Cash Working Capital (NCWC) 324,600,000
Change in NCWC 47,541,000
EBIT 363,600,000
Tax Provision 30,800,000
Depreciation and Amortization 523,200,000
Capital Expenditure -44,300,000
Unlevered Free Cash Flow 657,216,051
Current Assets 1,624,143,000
Current Cash 822,490,000
Current Liabilities 1,088,406,000
Current Debt 563,812,000
Non-Cash Working Capital (NCWC) 277,059,000
Change in NCWC -128,611,000
EBIT 203,032,000
Tax Provision -20,123,000
Depreciation and Amortization 516,010,000
Capital Expenditure -90,130,000
Unlevered Free Cash Flow 500,301,000
Current Assets 1,563,014,000
Current Cash 560,430,000
Current Liabilities 661,349,000
Current Debt 64,435,000
Non-Cash Working Capital (NCWC) 405,670,000
Change in NCWC 284,552,000
EBIT 168,052,000
Tax Provision 11,973,000
Depreciation and Amortization 345,751,000
Capital Expenditure -33,149,000
Unlevered Free Cash Flow 765,206,000

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