Discounted Cash Flow (DCF) Analysis Levered
Big Lots, Inc. (BIG)
$4.54
-0.01 (0.00%)
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 | 5,238.10 | 5,323.18 | 6,199.19 | 6,150.60 | 5,468.33 | 5,553.14 | 5,639.27 | 5,726.74 | 5,815.56 | 5,905.77 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 234.06 | 338.97 | 399.35 | 193.76 | -144.29 | 197.58 | 200.64 | 203.76 | 206.92 | 210.13 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -377.02 | -265.20 | -135.22 | -160.80 | -159.41 | -220.91 | -224.34 | -227.82 | -231.35 | -234.94 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -142.96 | 73.77 | 264.13 | 32.96 | -303.70 | -23.33 | -23.69 | -24.06 | -24.43 | -24.81 |
Weighted Average Cost Of Capital
Share price | $ 4.54 |
---|---|
Beta | 2.267 |
Diluted Shares Outstanding | 33.35 |
Cost of Debt | |
Tax Rate | 24.86 |
After-tax Cost of Debt | 0.74% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 15.328 |
Total Debt | 2,067.73 |
Total Equity | 151.43 |
Total Capital | 2,219.16 |
Debt Weighting | 93.18 |
Equity Weighting | 6.82 |
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 | 5,238.10 | 5,323.18 | 6,199.19 | 6,150.60 | 5,468.33 | 5,553.14 | 5,639.27 | 5,726.74 | 5,815.56 | 5,905.77 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 234.06 | 338.97 | 399.35 | 193.76 | -144.29 | 197.58 | 200.64 | 203.76 | 206.92 | 210.13 |
Capital Expenditure | -377.02 | -265.20 | -135.22 | -160.80 | -159.41 | -220.91 | -224.34 | -227.82 | -231.35 | -234.94 |
Free Cash Flow | -142.96 | 73.77 | 264.13 | 32.96 | -303.70 | -23.33 | -23.69 | -24.06 | -24.43 | -24.81 |
WACC | ||||||||||
PV LFCF | -22.93 | -22.89 | -22.85 | -22.81 | -22.77 | |||||
SUM PV LFCF | -114.27 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 1.73 |
Free cash flow (t + 1) | -25.31 |
Terminal Value | 9,373.89 |
Present Value of Terminal Value | 8,603.49 |
Intrinsic Value
Enterprise Value | 8,489.22 |
---|---|
Net Debt | 2,023 |
Equity Value | 6,466.22 |
Shares Outstanding | 33.35 |
Equity Value Per Share | 193.86 |