The Discounted Cash Flow (DCF) valuation of Cvent Holding Corp (CVT) is (4.35) USD. With the latest stock price at 8.52 USD, the upside of Cvent Holding Corp based on DCF is -151.1%.

Is CVT a buy or a sell?

Based on the latest price of 8.52 USD and our DCF valuation, Cvent Holding Corp (CVT) is a sell. Selling CVT stocks now will result in a potential gain of 151.1%.

Note: valuation result may not be accurate due to the company's negative earnings.

	Range	Selected
WACC / Discount Rate	7.3% - 9.7%	8.5%
Long-term Growth Rate	3.0% - 5.0%	4.0%
Fair Price	(8.13) - (3.07)	(4.35)
Upside	-195.4% - -136.0%	-151.1%

8.52 USD

Stock Price

(4.35) USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

CVT DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2022	12-2023	12-2024	12-2025	12-2026	12-2027

Revenue	631	739	866	1,023	1,159	1,278
% Growth	22%	17%	17%	18%	13%	10%

Cost of goods sold	(248)	(276)	(307)	(345)	(371)	(389)
% of Revenue	39%	37%	35%	34%	32%	30%

Selling, G&A expenses	(280)	(328)	(384)	(453)	(514)	(566)
% of Revenue	44%	44%	44%	44%	44%	44%

Research & Development	(131)	(153)	(179)	(212)	(240)	(265)
% of Revenue	21%	21%	21%	21%	21%	21%

Net interest & other expenses	(61)	(72)	(84)	(100)	(113)	(125)
% of Revenue	10%	10%	10%	10%	10%	10%

Tax expense	(11)	9	9	9	8	7
Tax rate	13%	10%	10%	10%	10%	10%

Net profit	(100)	(80)	(80)	(78)	(71)	(60)
% Margin	-16%	-11%	-9%	-8%	-6%	-5%