DCF — UNIVERSITY OF NORTH CAROLINA HOSP.
Enterprise Value: $3.4B
🛡️ Public data only — no PHI permitted on this instance.
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$3.4B
Enterprise Value
$939.0M
PV of Cash Flows
$2.5B
PV of Terminal Value
$4.0B
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $3.0B | $409.3M | 14.0% | $199.9M | $181.7M |
| Year 2 | $3.1B | $452.2M | 15.0% | $228.8M | $189.1M |
| Year 3 | $3.1B | $497.3M | 16.0% | $259.3M | $194.8M |
| Year 4 | $3.2B | $528.4M | 16.0% | $279.3M | $190.7M |
| Year 5 | $3.3B | $552.6M | 17.0% | $293.9M | $182.5M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $3.4B. Terminal value accounts for 73% of total EV — typical range (60-80%).
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$2.9B
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base0.13291789982494626
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5