Discounted Cash Flow (DCF) Analysis Levered
Abercrombie & Fitch Co. (ANF)
$56.05
+1.49 (+2.73%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 3,590.11 | 3,623.07 | 3,125.38 | 3,712.77 | 3,697.75 | 3,749.25 | 3,801.47 | 3,854.42 | 3,908.10 | 3,962.53 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 352.93 | 300.68 | 404.92 | 274 | -2.34 | 287.96 | 291.97 | 296.04 | 300.16 | 304.34 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -152.39 | -202.78 | -101.91 | -96.98 | -164.57 | -151.21 | -153.31 | -155.45 | -157.61 | -159.81 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 200.54 | 97.90 | 303.01 | 177.02 | -166.91 | 136.75 | 138.66 | 140.59 | 142.55 | 144.53 |
Weighted Average Cost Of Capital
Share price | $ 56.05 |
---|---|
Beta | 1.476 |
Diluted Shares Outstanding | 52.33 |
Cost of Debt | |
Tax Rate | 84.50 |
After-tax Cost of Debt | 0.32% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.564 |
Total Debt | 1,224.19 |
Total Equity | 2,932.93 |
Total Capital | 4,157.12 |
Debt Weighting | 29.45 |
Equity Weighting | 70.55 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 3,590.11 | 3,623.07 | 3,125.38 | 3,712.77 | 3,697.75 | 3,749.25 | 3,801.47 | 3,854.42 | 3,908.10 | 3,962.53 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 352.93 | 300.68 | 404.92 | 274 | -2.34 | 287.96 | 291.97 | 296.04 | 300.16 | 304.34 |
Capital Expenditure | -152.39 | -202.78 | -101.91 | -96.98 | -164.57 | -151.21 | -153.31 | -155.45 | -157.61 | -159.81 |
Free Cash Flow | 200.54 | 97.90 | 303.01 | 177.02 | -166.91 | 136.75 | 138.66 | 140.59 | 142.55 | 144.53 |
WACC | ||||||||||
PV LFCF | 126.33 | 118.33 | 110.83 | 103.81 | 97.23 | |||||
SUM PV LFCF | 556.53 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.25 |
Free cash flow (t + 1) | 147.42 |
Terminal Value | 2,358.74 |
Present Value of Terminal Value | 1,586.86 |
Intrinsic Value
Enterprise Value | 2,143.40 |
---|---|
Net Debt | 706.59 |
Equity Value | 1,436.81 |
Shares Outstanding | 52.33 |
Equity Value Per Share | 27.46 |