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Intrinsic value of Harmonic Inc. (HLIT)

Previous Close$11.34
Intrinsic Value
Upside potential
Previous Close
$11.34

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh41.62 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The company operates in two segments, Video and Cable Access. The Video segment sells video processing, and production and playout solutions and services to cable operators, and satellite and telecommunications Pay-Tv service providers, as well as to broadcast and media, including streaming media companies. This segment's video processing solutions include network management and application software, and hardware products, such as appliances, broadcast and over-the-top encoders, contribution encoders, high-density transcoders, multiscreen delivery, decoders and descramblers, and video servers. This segment also provides video-optimized storage systems; and unified video playout and processing software-as-a-service solutions. The Cable Access segment offers cable edge solutions and related services, including CableOS software-based cable access solutions; and narrowcast services gateway products primarily to cable operators. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training. Harmonic Inc. sells its products through its direct sales force, as well as through independent resellers and systems integrators. Harmonic Inc. was founded in 1988 and is headquartered in San Jose, California.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %33.9NaN
Revenue, $507NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m488NaN
Operating income, $m19NaN
EBITDA, $m40NaN
Interest expense (income), $mNaN
Earnings before tax, $m9NaN
Tax expense, $m-4NaN
Net income, $m13NaN

BALANCE SHEET

Cash and short-term investments, $m133NaN
Total assets, $m694NaN
Adjusted assets (=assets-cash), $m560NaN
Average production assets, $m285NaN
Working capital, $m99NaN
Total debt, $m162NaN
Total liabilities, $m398NaN
Total equity, $m296NaN
Debt-to-equity ratio0.547NaN
Adjusted equity ratio0.378NaN

CASH FLOW

Net income, $m13NaN
Depreciation, amort., depletion, $m21NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m41NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-13NaN
Free cash flow, $m54NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m99
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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