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NYQ · Valuation Lab
SNAP
Snap Inc.
Last$5.33
Market cap9B
EV/EBITDA-68.7x
Intrinsic value
$24.00
MoS +77.8% · Undervalued
Assuming 11.0% FCF margin and 18.9% Y1–5 growth.
Upside to price
EV (DCF)35.8B
Terminal share70%
Expected IV$25.81
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 70% of EV
PV of stage FCFs10.8B
PV of terminal value25B
Enterprise value35.8B
Net cash / (debt)-1.6B
Equity value34.3B
Intrinsic value / share$24.00
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 7.6B | 830.7M | 771.8M | 92.9% |
| Y2 | 9B | 987.7M | 852.6M | 86.3% |
| Y3 | 10.7B | 1.2B | 941.9M | 80.2% |
| Y4 | 12.7B | 1.4B | 1B | 74.5% |
| Y5 | 15.1B | 1.7B | 1.1B | 69.2% |
| Y6 | 16.5B | 1.8B | 1.2B | 64.3% |
| Y7 | 18.1B | 2B | 1.2B | 59.8% |
| Y8 | 19.8B | 2.2B | 1.2B | 55.5% |
| Y9 | 21.7B | 2.4B | 1.2B | 51.6% |
| Y10 | 23.8B | 2.6B | 1.3B | 47.9% |
| Terminal | — | — | 25B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.