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Snap Inc. DCF Stock Analysis.

Here’s my assumptions:

Risk Free Rate (10 Years Interest Rate Swap): 3.82%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 4.5%

Last 24 Months Beta: 1.31

Historical Data

Revenue growth in the last 10 years (CAGR): 30.14%

Earnings growth in the last 10 years (CAGR): / (from -$372.9M to -$546.3M)

Unlevered Free Cash Flow growth in the last 10 years (CAGR): / (from -$471.7M to $566M)

Future Assumptions

End of Year FCF growth: 2%

Growth until end of 2026: 3%

Growth until end of 2034: 2%

Perpetual growth: 2%

Net Debt: 1.229B

Outstanding Stock Options Present Value Assumption: ~$0B (weighted average strike is below current stock price)

Restricted Stock Units Present Value Assumption: $0.001B

Stock Valuation based on these assumptions: $5.82

Last update 10/26/2025

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in Snap Inc. (SNAP) and I don’t plan to add a position in the coming days.