DCF Tool

IDT

IDT Corp.
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Analysis Results
Intrinsic Value $148.02
Latest Price $36.94
Relative Value 75% undervalued
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Cash Flow (Millions)
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 15.5%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 5.7%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 15.5%, 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 (million) Present value (million)
2024 87.1 82.4
2025 101 90.0
2026 116 98.3
2027 134 107
2028 155 117
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 4230 million. This corresponds to a present value of 3030 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 495 million. Adding in the terminal value gives a total present value of 3520 million.

There are presently 23.8 million outstanding shares, so the intrinsic value per share is 148.02.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 387,068,000
Current Cash 103,637,000
Current Liabilities 294,107,000
Current Debt 0
Non-Cash Working Capital (NCWC) -10,676,000
Change in NCWC 30,121,000
EBIT 66,093,000
Tax Provision 16,441,000
Depreciation and Amortization 20,136,000
Capital Expenditure -21,958,000
Unlevered Free Cash Flow 76,521,771
Current Assets 362,627,000
Current Cash 98,352,000
Current Liabilities 305,072,000
Current Debt 0
Non-Cash Working Capital (NCWC) -40,797,000
Change in NCWC 17,549,000
EBIT 61,031,000
Tax Provision 5,878,000
Depreciation and Amortization 18,115,000
Capital Expenditure -21,879,000
Unlevered Free Cash Flow 64,531,901
Current Assets 388,135,000
Current Cash 107,147,000
Current Liabilities 339,334,000
Current Debt 0
Non-Cash Working Capital (NCWC) -58,346,000
Change in NCWC 29,252,000
EBIT 56,711,000
Tax Provision -31,667,000
Depreciation and Amortization 17,764,000
Capital Expenditure -16,765,000
Unlevered Free Cash Flow 86,962,000
Current Assets 322,132,000
Current Cash 84,860,000
Current Liabilities 324,870,000
Current Debt 0
Non-Cash Working Capital (NCWC) -87,598,000
Change in NCWC -221,000
EBIT 26,508,000
Tax Provision -3,700,000
Depreciation and Amortization 20,406,000
Capital Expenditure -16,041,000
Unlevered Free Cash Flow 30,652,000
Current Assets 368,461,000
Current Cash 66,768,000
Current Liabilities 389,070,000
Current Debt 0
Non-Cash Working Capital (NCWC) -87,377,000
Change in NCWC 14,087,000
EBIT 8,159,000
Tax Provision 123,000
Depreciation and Amortization 22,632,000
Capital Expenditure -18,681,000
Unlevered Free Cash Flow 23,981,642
Current Assets 328,881,000
Current Cash 63,361,000
Current Liabilities 366,984,000
Current Debt 0
Non-Cash Working Capital (NCWC) -101,464,000
Change in NCWC 28,011,000
EBIT 15,406,000
Tax Provision 2,902,000
Depreciation and Amortization 22,801,000
Capital Expenditure -20,567,000
Unlevered Free Cash Flow 40,132,148
Current Assets 371,117,000
Current Cash 137,816,000
Current Liabilities 362,776,000
Current Debt 0
Non-Cash Working Capital (NCWC) -129,475,000
Change in NCWC 21,778,000
EBIT 16,024,000
Tax Provision -2,021,000
Depreciation and Amortization 21,704,000
Capital Expenditure -22,949,000
Unlevered Free Cash Flow 36,557,000
Current Assets 339,053,000
Current Cash 146,486,000
Current Liabilities 343,820,000
Current Debt 0
Non-Cash Working Capital (NCWC) -151,253,000
Change in NCWC 766,100
EBIT 24,477,000
Tax Provision 4,110,000
Depreciation and Amortization 20,535,000
Capital Expenditure -18,370,000
Unlevered Free Cash Flow 23,994,211
Current Assets 341,188,000
Current Cash 150,648,100
Current Liabilities 348,912,000
Current Debt 6,353,000
Non-Cash Working Capital (NCWC) -152,019,100
Change in NCWC 30,624,900
EBIT 26,101,000
Tax Provision 6,088,000
Depreciation and Amortization 18,418,000
Capital Expenditure -28,556,000
Unlevered Free Cash Flow 44,864,497
Current Assets 338,865,000
Current Cash 166,796,000
Current Liabilities 367,984,000
Current Debt 13,271,000
Non-Cash Working Capital (NCWC) -182,644,000
Change in NCWC -4,132,000
EBIT 29,005,000
Tax Provision 3,982,000
Depreciation and Amortization 16,318,000
Capital Expenditure -17,271,000
Unlevered Free Cash Flow 19,298,604
Current Assets 290,304,000
Current Cash 156,744,000
Current Liabilities 333,669,000
Current Debt 21,597,000
Non-Cash Working Capital (NCWC) -178,512,000
Change in NCWC -14,775,000
EBIT 24,499,000
Tax Provision 15,872,000
Depreciation and Amortization 14,910,000
Capital Expenditure -15,580,000
Unlevered Free Cash Flow -2,399,553
Current Assets 288,658,000
Current Cash 151,590,000
Current Liabilities 301,365,000
Current Debt 560,000
Non-Cash Working Capital (NCWC) -163,737,000
Change in NCWC -17,349,000
EBIT 8,297,000
Tax Provision -42,756,000
Depreciation and Amortization 16,648,000
Capital Expenditure -10,830,000
Unlevered Free Cash Flow -3,234,000

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.