DCF Tool


World Wrestling Entertainment, Inc. – Motion Picture and Video Production
WWE, a publicly traded company, is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE's TV-PG, family-friendly programming can be seen in more than 800 million homes worldwide in 28 languages. WWE Network, the first-ever 24/7 over-the-top premium network that includes all live pay-per-views, scheduled programming and a massive video-on-demand library, is currently available in more than 180 countries. The Company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich and Tokyo.
Analysis Results
Intrinsic Value $876.47
Latest Price $86.12
Relative Value 90% undervalued
Thoughts on this result? Let us know.
Cash Flow (Billions)
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 38.0%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 3.5%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 38.0%, 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 0.389 0.376
2023 0.537 0.501
2024 0.741 0.668
2025 1.02 0.89
2026 1.41 1.19
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 42.3 billion. This corresponds to a present value of 34.4 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 3.62 billion. Adding in the terminal value gives a total present value of 38.0 billion.

There are presently 43.3 million outstanding shares, so the intrinsic value per share is 876.47.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 627,256,000
Current Cash 415,785,000
Current Liabilities 415,817,000
Current Debt 213,713,000
Non-Cash Working Capital (NCWC) 9,367,000
Change in NCWC 67,504,000
EBIT 256,017,000
Tax Provision 52,454,000
Depreciation and Amortization 67,634,000
Capital Expenditure -39,231,000
Unlevered Free Cash Flow 293,501,486
Current Assets 726,852,000
Current Cash 593,397,000
Current Liabilities 496,274,000
Current Debt 304,682,000
Non-Cash Working Capital (NCWC) -58,137,000
Change in NCWC -67,847,000
EBIT 208,544,000
Tax Provision 39,338,000
Depreciation and Amortization 66,531,000
Capital Expenditure -27,662,000
Unlevered Free Cash Flow 131,621,684
Current Assets 404,310,000
Current Cash 250,481,000
Current Liabilities 344,344,000
Current Debt 200,225,000
Non-Cash Working Capital (NCWC) 9,710,000
Change in NCWC 64,176,000
EBIT 117,421,000
Tax Provision 17,617,000
Depreciation and Amortization 69,542,000
Capital Expenditure -69,086,000
Unlevered Free Cash Flow 160,204,146
Current Assets 474,008,000
Current Cash 359,143,000
Current Liabilities 357,539,000
Current Debt 188,208,000
Non-Cash Working Capital (NCWC) -54,466,000
Change in NCWC -14,448,000
EBIT 115,596,000
Tax Provision 6,449,000
Depreciation and Amortization 61,335,000
Capital Expenditure -32,275,000
Unlevered Free Cash Flow 123,177,636
Current Assets 390,982,000
Current Cash 297,444,000
Current Liabilities 138,194,000
Current Debt 4,638,000
Non-Cash Working Capital (NCWC) -40,018,000
Change in NCWC 4,829,000
EBIT 76,719,000
Tax Provision 31,420,000
Depreciation and Amortization 53,167,000
Capital Expenditure -24,710,000
Unlevered Free Cash Flow 72,376,043
Current Assets 349,306,000
Current Cash 267,140,000
Current Liabilities 133,134,000
Current Debt 6,121,000
Non-Cash Working Capital (NCWC) -44,847,000
Change in NCWC 4,924,000
EBIT 57,260,000
Tax Provision 19,372,000
Depreciation and Amortization 56,329,000
Capital Expenditure -29,904,000
Unlevered Free Cash Flow 67,763,704
Current Assets 179,758,000
Current Cash 102,376,000
Current Liabilities 131,593,000
Current Debt 4,440,000
Non-Cash Working Capital (NCWC) -49,771,000
Change in NCWC -35,349,000
EBIT 46,913,000
Tax Provision 12,082,000
Depreciation and Amortization 57,221,000
Capital Expenditure -20,010,000
Unlevered Free Cash Flow 33,128,699
Current Assets 197,221,000
Current Cash 115,413,000
Current Liabilities 100,575,000
Current Debt 4,345,000
Non-Cash Working Capital (NCWC) -14,422,000
Change in NCWC -27,238,000
EBIT -42,157,000
Tax Provision -19,232,000
Depreciation and Amortization 54,874,000
Capital Expenditure -11,901,000
Unlevered Free Cash Flow -26,422,000
Current Assets 200,197,000
Current Cash 109,387,000
Current Liabilities 82,245,000
Current Debt 4,251,000
Non-Cash Working Capital (NCWC) 12,816,000
Change in NCWC 8,223,000
EBIT 5,891,000
Tax Provision 1,839,000
Depreciation and Amortization 31,481,000
Capital Expenditure -55,930,000
Unlevered Free Cash Flow -12,688,584
Current Assets 234,532,000
Current Cash 152,374,000
Current Liabilities 77,565,000
Current Debt 0
Non-Cash Working Capital (NCWC) 4,593,000
Change in NCWC -11,397,000
EBIT 43,195,000
Tax Provision 11,252,000
Depreciation and Amortization 20,024,000
Capital Expenditure -33,890,000
Unlevered Free Cash Flow 6,545,294

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