Discounted Cash Flow (DCF) Analysis Levered
Abercrombie & Fitch Co. (ANF)
$34.24
-0.71 (-2.03%)
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 | 277.78 | -2.34 | 288.72 | 292.74 | 296.82 | 300.96 | 305.15 |
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 | 180.80 | -166.91 | 137.52 | 139.43 | 141.37 | 143.34 | 145.34 |
Weighted Average Cost Of Capital
Share price | $ 34.24 |
---|---|
Beta | 1.470 |
Diluted Shares Outstanding | 52.33 |
Cost of Debt | |
Tax Rate | 95.80 |
After-tax Cost of Debt | 0.09% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.682 |
Total Debt | 1,224.19 |
Total Equity | 1,791.68 |
Total Capital | 3,015.87 |
Debt Weighting | 40.59 |
Equity Weighting | 59.41 |
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 | 277.78 | -2.34 | 288.72 | 292.74 | 296.82 | 300.96 | 305.15 |
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 | 180.80 | -166.91 | 137.52 | 139.43 | 141.37 | 143.34 | 145.34 |
WACC | ||||||||||
PV LFCF | 121.52 | 115.82 | 110.39 | 105.21 | 100.28 | |||||
SUM PV LFCF | 588.51 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.38 |
Free cash flow (t + 1) | 148.25 |
Terminal Value | 3,384.59 |
Present Value of Terminal Value | 2,484.31 |
Intrinsic Value
Enterprise Value | 3,072.83 |
---|---|
Net Debt | 706.59 |
Equity Value | 2,366.24 |
Shares Outstanding | 52.33 |
Equity Value Per Share | 45.22 |