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BNED - Barnes & Noble Educa...

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Barnes & Noble Education, Inc.

BNED

NYSE

Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com. It also offers First Day and First Day Complete access programs; BNC OER+, a turnkey solution for colleges and universities, that offers digital content, such as videos, activities, and auto-graded practice assessments; and general merchandise, including collegiate and athletic apparel, school spirit products, lifestyle products, technology products, supplies, graduation products, and convenience items. In addition, the company sources, sells, and distributes new and used textbooks; and sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to approximately 350 college bookstores. Further, it offers direct-to-student subscription-based writing services; and bartleby, a direct-to-student subscription-based offering that includes textbook solutions, expert questions and answers, and writing and tutoring services. The company operates 805 physical college and university bookstores; 622 virtual bookstores; 8 True Spirit e-commerce websites; pop-up retail locations; 73 customized cafés and 11 stand-alone convenience stores; and a media channel for brands targeting the college demographic. Barnes & Noble Education, Inc. was founded in 1965 and is headquartered in Basking Ridge, New Jersey.

10.44 USD

-0.06 (-0.575%)

Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

1.85B

1.43B

1.53B

1.54B

1.57B

1.63B

1.69B

1.75B

1.82B

1.89B

Revenue %

-

-22.54

6.8

0.77

1.55

3.83

3.83

3.83

3.83

Operating Cash Flow

-16.1M

32.88M

2.06M

91.67M

-5.12M

23.34M

24.23M

25.16M

26.12M

27.12M

Operating Cash Flow %

-0.87

2.29

0.13

5.94

-0.33

1.43

1.43

1.43

1.43

Cap Ex

-36.19M

-37.22M

-43.53M

-25.09M

-14.07M

-32.27M

-33.51M

-34.79M

-36.12M

-37.51M

Cap Ex %

-1.96

-2.6

-2.84

-1.63

-0.9

-1.98

-1.98

-1.98

-1.98

Free Cash Flow

-52.3M

-4.34M

-41.47M

66.58M

-19.19M

-8.94M

-9.28M

-9.63M

-10M

-10.39M

Weighted Average Cost Of Capital

Price

10.44

Beta

Diluted Shares Outstanding

26.62M

Costof Debt

9.16

Tax Rate

After Tax Cost Of Debt

9.16

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

440.74M

Total Equity

277.91M

Total Capital

718.65M

Debt Weighting

61.33

Equity Weighting

38.67

Wacc

9.8

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

1.85B

1.43B

1.53B

1.54B

1.57B

1.63B

1.69B

1.75B

1.82B

1.89B

Operating Cash Flow

-16.1M

32.88M

2.06M

91.67M

-5.12M

23.34M

24.23M

25.16M

26.12M

27.12M

Cap Ex

-36.19M

-37.22M

-43.53M

-25.09M

-14.07M

-32.27M

-33.51M

-34.79M

-36.12M

-37.51M

Free Cash Flow

-52.3M

-4.34M

-41.47M

66.58M

-19.19M

-8.94M

-9.28M

-9.63M

-10M

-10.39M

Wacc

9.8

9.8

9.8

9.8

9.8

Pv Lfcf

-8.14M

-7.7M

-7.28M

-6.88M

-6.51M

Sum Pv Lfcf

-36.51M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

9.8

Free Cash Flow T1

-10.59M

Terminal Value

-135.81M

Present Terminal Value

-85.09M

Intrinsic Value

Enterprise Value

-121.6M

Net Debt

430.28M

Equity Value

-551.88M

Diluted Shares Outstanding

26.62M

Equity Value Per Share

-20.73

Projected DCF

-20.73 1.504%

DCF Levered

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