Fortinet, Inc. (FTNT) DCF Valuation
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Fortinet, Inc. (FTNT) Bundle
Explore Fortinet, Inc. (FTNT) financial prospects with our user-friendly DCF Calculator! Enter your assumptions for growth, margins, and expenses to calculate Fortinet, Inc. (FTNT) intrinsic value and shape your investment strategy.
Discounted Cash Flow (DCF) - (USD MM)
Year | AY1 2019 |
AY2 2020 |
AY3 2021 |
AY4 2022 |
AY5 2023 |
FY1 2024 |
FY2 2025 |
FY3 2026 |
FY4 2027 |
FY5 2028 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue | 2,156.2 | 2,594.4 | 3,342.2 | 4,417.4 | 5,304.8 | 6,649.6 | 8,335.4 | 10,448.6 | 13,097.4 | 16,417.8 |
Revenue Growth, % | 0 | 20.32 | 28.82 | 32.17 | 20.09 | 25.35 | 25.35 | 25.35 | 25.35 | 25.35 |
EBITDA | 412.6 | 560.4 | 727.7 | 1,077.8 | 1,468.1 | 1,523.9 | 1,910.2 | 2,394.5 | 3,001.5 | 3,762.4 |
EBITDA, % | 19.14 | 21.6 | 21.77 | 24.4 | 27.67 | 22.92 | 22.92 | 22.92 | 22.92 | 22.92 |
Depreciation | 61.6 | 68.8 | 84.4 | 104.3 | 113.4 | 166.7 | 208.9 | 261.9 | 328.3 | 411.5 |
Depreciation, % | 2.86 | 2.65 | 2.53 | 2.36 | 2.14 | 2.51 | 2.51 | 2.51 | 2.51 | 2.51 |
EBIT | 351.0 | 491.6 | 643.3 | 973.5 | 1,354.7 | 1,357.2 | 1,701.3 | 2,132.6 | 2,673.2 | 3,350.9 |
EBIT, % | 16.28 | 18.95 | 19.25 | 22.04 | 25.54 | 20.41 | 20.41 | 20.41 | 20.41 | 20.41 |
Total Cash | 2,065.6 | 1,837.3 | 2,551.7 | 2,211.0 | 2,440.4 | 4,508.7 | 5,651.7 | 7,084.5 | 8,880.6 | 11,131.9 |
Total Cash, percent | .0 | .0 | .0 | .0 | .0 | .0 | .0 | .0 | .0 | .0 |
Account Receivables | 544.3 | 720.0 | 807.7 | 1,261.7 | 1,402.0 | 1,757.5 | 2,203.1 | 2,761.6 | 3,461.7 | 4,339.3 |
Account Receivables, % | 25.24 | 27.75 | 24.17 | 28.56 | 26.43 | 26.43 | 26.43 | 26.43 | 26.43 | 26.43 |
Inventories | 117.9 | 139.8 | 175.8 | 264.6 | 484.8 | 415.5 | 520.9 | 652.9 | 818.5 | 1,026.0 |
Inventories, % | 5.47 | 5.39 | 5.26 | 5.99 | 9.14 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
Accounts Payable | 96.4 | 141.6 | 148.4 | 243.4 | 204.3 | 315.6 | 395.6 | 495.9 | 621.6 | 779.2 |
Accounts Payable, % | 4.47 | 5.46 | 4.44 | 5.51 | 3.85 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 |
Capital Expenditure | -92.2 | -125.9 | -295.9 | -281.2 | -204.1 | -375.0 | -470.0 | -589.2 | -738.6 | -925.8 |
Capital Expenditure, % | -4.28 | -4.85 | -8.85 | -6.37 | -3.85 | -5.64 | -5.64 | -5.64 | -5.64 | -5.64 |
Tax Rate, % | 13.94 | 13.94 | 13.94 | 13.94 | 13.94 | 13.94 | 13.94 | 13.94 | 13.94 | 13.94 |
EBITAT | 302.2 | 443.3 | 621.2 | 873.5 | 1,165.9 | 1,217.7 | 1,526.5 | 1,913.4 | 2,398.5 | 3,006.6 |
Depreciation | ||||||||||
Changes in Account Receivables | ||||||||||
Changes in Inventories | ||||||||||
Changes in Accounts Payable | ||||||||||
Capital Expenditure | ||||||||||
UFCF | -294.2 | 233.8 | 292.8 | 248.8 | 675.6 | 834.5 | 794.5 | 995.9 | 1,248.3 | 1,564.8 |
WACC, % | 9.07 | 9.07 | 9.08 | 9.07 | 9.07 | 9.07 | 9.07 | 9.07 | 9.07 | 9.07 |
PV UFCF | ||||||||||
SUM PV UFCF | 4,095.7 | |||||||||
Long Term Growth Rate, % | 4.00 | |||||||||
Free cash flow (T + 1) | 1,627 | |||||||||
Terminal Value | 32,070 | |||||||||
Present Terminal Value | 20,772 | |||||||||
Enterprise Value | 24,868 | |||||||||
Net Debt | -327 | |||||||||
Equity Value | 25,194 | |||||||||
Diluted Shares Outstanding, MM | 788 | |||||||||
Equity Value Per Share | 31.96 |
What You Will Get
- Real Fortinet Data: Preloaded financials – from revenue to EBIT – based on actual and projected figures.
- Full Customization: Adjust all critical parameters (yellow cells) like WACC, growth %, and tax rates.
- Instant Valuation Updates: Automatic recalculations to analyze the impact of changes on Fortinet’s fair value.
- Versatile Excel Template: Tailored for quick edits, scenario testing, and detailed projections.
- Time-Saving and Accurate: Skip building models from scratch while maintaining precision and flexibility.
Key Features
- Comprehensive DCF Calculator: Offers detailed unlevered and levered DCF valuation models tailored for Fortinet, Inc. (FTNT).
- WACC Calculator: Features a pre-built Weighted Average Cost of Capital sheet with adjustable inputs for precise calculations.
- Customizable Forecast Assumptions: Easily adjust growth rates, capital expenditures, and discount rates to fit your analysis needs.
- Integrated Financial Ratios: Evaluate profitability, leverage, and efficiency ratios specifically for Fortinet, Inc. (FTNT).
- Interactive Dashboard and Charts: Visual representations that summarize essential valuation metrics for straightforward analysis.
How It Works
- Download the Template: Gain immediate access to the Excel-based FTNT DCF Calculator.
- Input Your Assumptions: Modify the yellow-highlighted cells for growth rates, WACC, margins, and more.
- Instant Calculations: The model automatically recalculates Fortinet’s intrinsic value.
- Test Scenarios: Experiment with various assumptions to assess potential valuation shifts.
- Analyze and Decide: Utilize the results to inform your investment or financial strategy.
Why Choose This Calculator for Fortinet, Inc. (FTNT)?
- User-Friendly Interface: Tailored for both novices and seasoned professionals.
- Customizable Inputs: Easily adjust parameters to suit your financial analysis.
- Real-Time Adjustments: Observe immediate changes to Fortinet’s valuation as you modify inputs.
- Pre-Loaded Data: Comes with Fortinet’s actual financial metrics for swift evaluations.
- Relied Upon by Experts: Utilized by investors and analysts for making well-informed choices.
Who Should Use This Product?
- Individual Investors: Make informed decisions about buying or selling Fortinet stock.
- Financial Analysts: Streamline valuation processes with ready-to-use financial models for Fortinet (FTNT).
- Consultants: Deliver professional valuation insights to clients quickly and accurately using Fortinet (FTNT) data.
- Business Owners: Understand how cybersecurity companies like Fortinet (FTNT) are valued to guide your own strategy.
- Finance Students: Learn valuation techniques using real-world data and scenarios related to Fortinet (FTNT).
What the Template Contains
- Operating and Balance Sheet Data: Pre-filled Fortinet historical data and forecasts, including revenue, EBITDA, EBIT, and capital expenditures.
- WACC Calculation: A dedicated sheet for Weighted Average Cost of Capital (WACC), including parameters like Beta, risk-free rate, and share price.
- DCF Valuation (Unlevered and Levered): Editable Discounted Cash Flow models showing intrinsic value with detailed calculations.
- Financial Statements: Pre-loaded financial statements (annual and quarterly) to support analysis.
- Key Ratios: Includes profitability, leverage, and efficiency ratios for Fortinet.
- Dashboard and Charts: Visual summary of valuation outputs and assumptions to analyze results easily.