DCF Tool

QNST

QuinStreet Inc – Software Publishers
QuinStreet, Inc. is a publicly traded marketing company based in Foster City, California. QuinStreet offers performance-based marketing and search engine marketing services.
Analysis Results
Intrinsic Value $0.00
Latest Price $10.71
Relative Value 17280507% overvalued
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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 -60.2%.

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 -60.2%, 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 0.00194 0.0018
2024 0.000773 0.00066
2025 0.000308 0.000243
2026 0.000122 8.92e-05
2027 4.86e-05 3.28e-05
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 0.000798 million. This corresponds to a present value of 0.000497 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 0.00282 million. Adding in the terminal value gives a total present value of 0.00332 million.

There are presently 53.5 million outstanding shares, so the intrinsic value per share is 0.0.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 182,792,000
Current Cash 96,439,000
Current Liabilities 109,579,000
Current Debt 0
Non-Cash Working Capital (NCWC) -23,226,000
Change in NCWC -3,473,000
EBIT -4,718,000
Tax Provision -514,000
Depreciation and Amortization 16,961,000
Capital Expenditure -7,514,000
Unlevered Free Cash Flow 1,256,000
Current Assets 206,176,000
Current Cash 110,318,000
Current Liabilities 115,611,000
Current Debt 0
Non-Cash Working Capital (NCWC) -19,753,000
Change in NCWC -11,979,000
EBIT 13,926,000
Tax Provision 5,774,000
Depreciation and Amortization 16,201,000
Capital Expenditure -5,100,000
Unlevered Free Cash Flow 10,306,388
Current Assets 185,572,000
Current Cash 107,509,000
Current Liabilities 85,837,000
Current Debt 0
Non-Cash Working Capital (NCWC) -7,774,000
Change in NCWC -4,931,000
EBIT 6,205,000
Tax Provision 584,000
Depreciation and Amortization 11,476,000
Capital Expenditure -4,253,000
Unlevered Free Cash Flow 8,303,072
Current Assets 143,378,000
Current Cash 62,522,000
Current Liabilities 83,699,000
Current Debt 0
Non-Cash Working Capital (NCWC) -2,843,000
Change in NCWC -7,735,000
EBIT 10,727,000
Tax Provision -51,761,000
Depreciation and Amortization 8,975,000
Capital Expenditure -4,308,000
Unlevered Free Cash Flow 7,659,000
Current Assets 137,624,000
Current Cash 64,700,000
Current Liabilities 68,032,000
Current Debt 0
Non-Cash Working Capital (NCWC) 4,892,000
Change in NCWC 7,162,000
EBIT 15,636,000
Tax Provision 574,000
Depreciation and Amortization 7,767,000
Capital Expenditure -2,756,000
Unlevered Free Cash Flow 27,265,188
Current Assets 99,855,000
Current Cash 49,571,000
Current Liabilities 52,554,000
Current Debt 0
Non-Cash Working Capital (NCWC) -2,270,000
Change in NCWC -7,824,000
EBIT -8,223,000
Tax Provision -1,080,000
Depreciation and Amortization 11,377,000
Capital Expenditure -3,345,000
Unlevered Free Cash Flow -8,015,000
Current Assets 107,983,000
Current Cash 53,710,000
Current Liabilities 63,719,000
Current Debt 15,000,000
Non-Cash Working Capital (NCWC) 5,554,000
Change in NCWC -3,576,000
EBIT -18,874,000
Tax Provision 134,000
Depreciation and Amortization 15,087,000
Capital Expenditure -5,341,000
Unlevered Free Cash Flow -12,704,000
Current Assets 118,377,000
Current Cash 60,468,000
Current Liabilities 48,828,000
Current Debt 49,000
Non-Cash Working Capital (NCWC) 9,130,000
Change in NCWC 3,827,000
EBIT -19,177,000
Tax Provision -244,000
Depreciation and Amortization 18,867,000
Capital Expenditure -5,688,000
Unlevered Free Cash Flow -2,171,000
Current Assets 176,656,000
Current Cash 122,807,000
Current Liabilities 66,244,000
Current Debt 17,698,000
Non-Cash Working Capital (NCWC) 5,303,000
Change in NCWC 6,799,000
EBIT -12,337,000
Tax Provision 36,209,000
Depreciation and Amortization 26,097,000
Capital Expenditure -10,765,000
Unlevered Free Cash Flow 9,794,000
Current Assets 177,731,000
Current Cash 127,964,000
Current Liabilities 66,691,000
Current Debt 15,428,000
Non-Cash Working Capital (NCWC) -1,496,000
Change in NCWC -14,880,000
EBIT 3,531,000
Tax Provision -26,601,000
Depreciation and Amortization 32,325,000
Capital Expenditure -3,852,000
Unlevered Free Cash Flow 17,124,000
Current Assets 173,536,000
Current Cash 105,267,000
Current Liabilities 70,314,000
Current Debt 15,429,000
Non-Cash Working Capital (NCWC) 13,384,000
Change in NCWC 8,202,000
EBIT 28,502,000
Tax Provision 11,131,000
Depreciation and Amortization 31,150,000
Capital Expenditure -4,647,000
Unlevered Free Cash Flow 50,060,316

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