Discounted Cash Flow (DCF) Analysis Levered
Chico's FAS, Inc. (CHS)
$5.25
-0.20 (-3.67%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 2,282.38 | 2,131.14 | 2,037.88 | 1,324.05 | 1,809.93 | 1,767.69 | 1,726.44 | 1,686.15 | 1,646.80 | 1,608.37 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 166.87 | 158.07 | 33.34 | -97.83 | 62.61 | 43.96 | 42.94 | 41.94 | 40.96 | 40 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -48.53 | -54.19 | -33.94 | -11.36 | -13.24 | -28.01 | -27.36 | -26.72 | -26.10 | -25.49 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 118.34 | 103.89 | -0.59 | -109.19 | 49.37 | 15.95 | 15.58 | 15.21 | 14.86 | 14.51 |
Weighted Average Cost Of Capital
Share price | $ 5.25 |
---|---|
Beta | 1.240 |
Diluted Shares Outstanding | 122.34 |
Cost of Debt | |
Tax Rate | 22.99 |
After-tax Cost of Debt | 0.78% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.494 |
Total Debt | 652.59 |
Total Equity | 642.29 |
Total Capital | 1,294.88 |
Debt Weighting | 50.40 |
Equity Weighting | 49.60 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 2,282.38 | 2,131.14 | 2,037.88 | 1,324.05 | 1,809.93 | 1,767.69 | 1,726.44 | 1,686.15 | 1,646.80 | 1,608.37 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 166.87 | 158.07 | 33.34 | -97.83 | 62.61 | 43.96 | 42.94 | 41.94 | 40.96 | 40 |
Capital Expenditure | -48.53 | -54.19 | -33.94 | -11.36 | -13.24 | -28.01 | -27.36 | -26.72 | -26.10 | -25.49 |
Free Cash Flow | 118.34 | 103.89 | -0.59 | -109.19 | 49.37 | 15.95 | 15.58 | 15.21 | 14.86 | 14.51 |
WACC | ||||||||||
PV LFCF | 15.18 | 14.10 | 13.10 | 12.18 | 11.32 | |||||
SUM PV LFCF | 65.88 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.10 |
Free cash flow (t + 1) | 14.80 |
Terminal Value | 477.48 |
Present Value of Terminal Value | 372.34 |
Intrinsic Value
Enterprise Value | 438.22 |
---|---|
Net Debt | 537.48 |
Equity Value | -99.26 |
Shares Outstanding | 122.34 |
Equity Value Per Share | -0.81 |