DCF — UNIV OF MI HOSPITALS & HLTH CTRS
Enterprise Value: $-1.8B
🛡️ Public data only — no PHI permitted on this instance.
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$-1.8B
Enterprise Value
$-680.8M
PV of Cash Flows
$-1.1B
PV of Terminal Value
$-1.7B
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $4.8B | $-42.8M | -1.0% | $-244.1M | $-222.0M |
| Year 2 | $4.9B | $4.9M | 0.0% | $-202.5M | $-167.3M |
| Year 3 | $5.0B | $55.5M | 1.0% | $-158.1M | $-118.8M |
| Year 4 | $5.2B | $83.1M | 2.0% | $-136.9M | $-93.5M |
| Year 5 | $5.4B | $99.0M | 2.0% | $-127.6M | $-79.2M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $-1.8B. Terminal value accounts for 0% of total EV — consider sensitivity to terminal assumptions.
Next steps: Check the LBO model to see equity returns at this entry price, or the EBITDA bridge to model value creation levers.
Assumptions
ASSMrevenue base$4.6B
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base-0.014009251801317839
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5