DCF Tool

NXPI

NXP Semiconductors NV – Semiconductor and Related Device Manufacturing
the electronics industry is being driven by four mega trends that are helping shape our society: energy efficiency, connected devices, security and health. connecting to these trends and enabling secure connections for a smarter world, nxp semiconductors n.v. (nasdaq: nxpi) creates solutions that enable secure connections for a smarter world. building on its expertise in high performance mixed signal electronics, nxp is driving innovation in the application areas connected car, security, portable & wearable and internet of things. nxp has operations in more than 25 countries, and posted revenue of $5.65 billion in 2014. find out more at nxp.com. additional information can be found by visiting www.nxp.com.
Analysis Results
Intrinsic Value $214.38
Latest Price $196.79
Relative Value 8% undervalued
Thoughts on this result? Let us know.
Ad
Cash Flow (Billions)
Analysis Parameters
%
%
%
New Ticker
Ad
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 13.4%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 10.0%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 13.4%, 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 3.32 3.02
2024 3.76 3.11
2025 4.26 3.2
2026 4.83 3.3
2027 5.48 3.4
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 69.6 billion. This corresponds to a present value of 39.3 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 16.0 billion. Adding in the terminal value gives a total present value of 55.3 billion.

There are presently 258.0 million outstanding shares, so the intrinsic value per share is 214.38.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 6,935,000,000
Current Cash 3,845,000,000
Current Liabilities 3,270,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) -180,000,000
Change in NCWC -126,000,000
EBIT 3,793,000,000
Tax Provision 529,000,000
Depreciation and Amortization 1,250,000,000
Capital Expenditure -1,227,000,000
Unlevered Free Cash Flow 3,093,183,521
Current Assets 5,228,000,000
Current Cash 2,830,000,000
Current Liabilities 2,452,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) -54,000,000
Change in NCWC -86,000,000
EBIT 2,581,000,000
Tax Provision 272,000,000
Depreciation and Amortization 1,262,000,000
Capital Expenditure -932,000,000
Unlevered Free Cash Flow 2,502,671,258
Current Assets 4,324,000,000
Current Cash 2,275,000,000
Current Liabilities 2,017,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) 32,000,000
Change in NCWC -399,000,000
EBIT 300,000,000
Tax Provision -83,000,000
Depreciation and Amortization 1,988,000,000
Capital Expenditure -522,000,000
Unlevered Free Cash Flow 1,367,000,000
Current Assets 3,267,000,000
Current Cash 1,045,000,000
Current Liabilities 1,791,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) 431,000,000
Change in NCWC 273,000,000
EBIT 617,000,000
Tax Provision 20,000,000
Depreciation and Amortization 2,047,000,000
Capital Expenditure -628,000,000
Unlevered Free Cash Flow 2,266,739,726
Current Assets 5,225,000,000
Current Cash 2,789,000,000
Current Liabilities 3,385,000,000
Current Debt 1,107,000,000
Non-Cash Working Capital (NCWC) 158,000,000
Change in NCWC -372,000,000
EBIT 768,000,000
Tax Provision 176,000,000
Depreciation and Amortization 1,987,000,000
Capital Expenditure -661,000,000
Unlevered Free Cash Flow 1,666,466,721
Current Assets 6,044,000,000
Current Cash 3,547,000,000
Current Liabilities 2,718,000,000
Current Debt 751,000,000
Non-Cash Working Capital (NCWC) 530,000,000
Change in NCWC -962,000,000
EBIT 580,000,000
Tax Provision -483,000,000
Depreciation and Amortization 2,173,000,000
Capital Expenditure -618,000,000
Unlevered Free Cash Flow 1,173,000,000
Current Assets 5,398,000,000
Current Cash 1,894,000,000
Current Liabilities 2,433,000,000
Current Debt 421,000,000
Non-Cash Working Capital (NCWC) 1,492,000,000
Change in NCWC 286,000,000
EBIT -148,000,000
Tax Provision -851,000,000
Depreciation and Amortization 2,205,000,000
Capital Expenditure -448,000,000
Unlevered Free Cash Flow 1,895,000,000
Current Assets 4,812,000,000
Current Cash 1,614,000,000
Current Liabilities 2,548,000,000
Current Debt 556,000,000
Non-Cash Working Capital (NCWC) 1,206,000,000
Change in NCWC 1,051,000,000
EBIT 761,000,000
Tax Provision -104,000,000
Depreciation and Amortization 517,000,000
Capital Expenditure -353,000,000
Unlevered Free Cash Flow 1,976,000,000
Current Assets 2,640,000,000
Current Cash 1,185,000,000
Current Liabilities 1,320,000,000
Current Debt 20,000,000
Non-Cash Working Capital (NCWC) 155,000,000
Change in NCWC -114,000,000
EBIT 1,047,000,000
Tax Provision 40,000,000
Depreciation and Amortization 405,000,000
Capital Expenditure -365,000,000
Unlevered Free Cash Flow 908,270,479
Current Assets 2,092,000,000
Current Cash 670,000,000
Current Liabilities 1,193,000,000
Current Debt 40,000,000
Non-Cash Working Capital (NCWC) 269,000,000
Change in NCWC 121,000,000
EBIT 700,000,000
Tax Provision 20,000,000
Depreciation and Amortization 514,000,000
Capital Expenditure -250,000,000
Unlevered Free Cash Flow 1,052,816,091
Current Assets 1,954,000,000
Current Cash 617,000,000
Current Liabilities 1,496,000,000
Current Debt 307,000,000
Non-Cash Working Capital (NCWC) 148,000,000
Change in NCWC -78,000,000
EBIT 356,000,000
Tax Provision 1,000,000
Depreciation and Amortization 533,000,000
Capital Expenditure -280,000,000
Unlevered Free Cash Flow 531,000,000

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.