DCF Tool


Laureate Education Inc – Colleges, Universities, and Professional Schools
laureate international universities is the largest global network of degree-granting higher education institutions, with more than one million students enrolled across more than 70 institutions in 25 countries at more than 200 campuses and online. laureate offers high-quality, career-oriented undergraduate, graduate and specialized degree programs in a wide range of academic disciplines including architecture, business, design, education, engineering, health sciences, medicine, law, and hospitality management. laureate believes society is best served when its students, professors and employees use their collective skills and experiences to create positive and enduring change. this commitment is expressed through the company’s philosophy of being ‘here for good’ and is represented by its status as a certified b corporation® and conversion in 2015 to a u.s. public benefit corporation, a new class of corporation committed to creating a positive impact on society. --- by “following"​ the l
Analysis Results
Intrinsic Value $0.43
Latest Price $14.05
Relative Value 3152% overvalued
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Cash Flow (Millions)
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 -40.9%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 8.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of -40.9%, 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 (million) Present value (million)
2023 21.3 19.6
2024 12.6 10.7
2025 7.44 5.87
2026 4.4 3.21
2027 2.6 1.75
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 42.8 million. This corresponds to a present value of 26.7 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 41.2 million. Adding in the terminal value gives a total present value of 67.9 million.

There are presently 157.0 million outstanding shares, so the intrinsic value per share is 0.43.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 226,199,000
Current Cash 85,167,000
Current Liabilities 381,387,000
Current Debt 56,184,000
Non-Cash Working Capital (NCWC) -184,171,000
Change in NCWC -80,843,000
EBIT 270,414,000
Tax Provision 185,391,000
Depreciation and Amortization 88,526,000
Capital Expenditure -52,756,000
Unlevered Free Cash Flow 21,641,330
Current Assets 544,319,000
Current Cash 324,801,000
Current Liabilities 371,928,000
Current Debt 49,082,000
Non-Cash Working Capital (NCWC) -103,328,000
Change in NCWC -88,230,000
EBIT 67,841,000
Tax Provision 145,573,000
Depreciation and Amortization 145,256,000
Capital Expenditure -50,444,000
Unlevered Free Cash Flow 74,423,000
Current Assets 1,443,786,000
Current Cash 750,147,000
Current Liabilities 804,555,000
Current Debt 95,818,000
Non-Cash Working Capital (NCWC) -15,098,000
Change in NCWC 333,586,000
EBIT 22,841,000
Tax Provision -130,069,000
Depreciation and Amortization 223,719,000
Capital Expenditure -74,624,000
Unlevered Free Cash Flow 505,522,000
Current Assets 942,927,000
Current Cash 339,629,000
Current Liabilities 1,070,804,000
Current Debt 118,822,000
Non-Cash Working Capital (NCWC) -348,684,000
Change in NCWC -89,106,000
EBIT 326,809,000
Tax Provision 80,656,000
Depreciation and Amortization 316,029,000
Capital Expenditure -155,641,000
Unlevered Free Cash Flow 119,503,571
Current Assets 1,217,133,000
Current Cash 388,490,000
Current Liabilities 1,190,087,000
Current Debt 101,866,000
Non-Cash Working Capital (NCWC) -259,578,000
Change in NCWC 140,816,000
EBIT 304,090,000
Tax Provision 133,160,000
Depreciation and Amortization 239,998,000
Capital Expenditure -238,046,000
Unlevered Free Cash Flow 313,698,000
Current Assets 1,288,854,000
Current Cash 468,733,000
Current Liabilities 1,374,749,000
Current Debt 154,234,000
Non-Cash Working Capital (NCWC) -400,394,000
Change in NCWC 105,760,000
EBIT 397,536,000
Tax Provision -66,813,000
Depreciation and Amortization 264,742,000
Capital Expenditure -274,063,000
Unlevered Free Cash Flow 493,975,000

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