DCF — SUMMA HEALTH SYSTEM
Enterprise Value: $-888.6M
🛡️ Public data only — no PHI permitted on this instance.
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$-888.6M
Enterprise Value
$-297.2M
PV of Cash Flows
$-591.3M
PV of Terminal Value
$-952.4M
Terminal Value
10.0%
WACC
2.5%
Terminal Growth
Cash Flow Projections
PROJ| Year | Revenue | EBITDA | Margin | FCF | PV(FCF) |
|---|---|---|---|---|---|
| Year 1 | $1.0B | $-46.6M | -4.0% | $-90.4M | $-82.2M |
| Year 2 | $1.1B | $-37.3M | -3.0% | $-82.4M | $-68.1M |
| Year 3 | $1.1B | $-27.4M | -2.0% | $-73.9M | $-55.5M |
| Year 4 | $1.1B | $-22.6M | -2.0% | $-70.5M | $-48.1M |
| Year 5 | $1.2B | $-20.4M | -2.0% | $-69.7M | $-43.3M |
Interpretation
INTAt a WACC of 10.0% and terminal growth of 2.5%, enterprise value is $-888.6M. 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$1.0B
revenue growth rates[0.03, 0.03, 0.03, 0.03, 0.03]
ebitda margin base-0.04999999965163303
ebitda margin improvement bps[50, 100, 100, 50, 25]
capex pct revenue0.04
nwc pct revenue0.08
tax rate0.25
projection years5