Discounted Cash Flow (DCF) Analysis Levered
Citi Trends, Inc. (CTRN)
$18.42
-0.13 (-0.70%)
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 | 755.24 | 769.55 | 781.93 | 783.29 | 991.60 | 1,066.64 | 1,147.36 | 1,234.18 | 1,327.58 | 1,428.05 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 42.30 | 30.41 | 42.61 | 110.86 | 74.32 | 78.18 | 84.10 | 90.47 | 97.31 | 104.68 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -20.99 | -13.26 | -24.18 | -16.96 | -29.71 | -27.21 | -29.27 | -31.48 | -33.86 | -36.43 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 21.32 | 17.15 | 18.43 | 93.90 | 44.61 | 50.98 | 54.84 | 58.99 | 63.45 | 68.25 |
Weighted Average Cost Of Capital
Share price | $ 18.42 |
---|---|
Beta | 2.287 |
Diluted Shares Outstanding | 9.01 |
Cost of Debt | |
Tax Rate | 21.46 |
After-tax Cost of Debt | 0.11% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 14.349 |
Total Debt | 216.11 |
Total Equity | 166.02 |
Total Capital | 382.13 |
Debt Weighting | 56.55 |
Equity Weighting | 43.45 |
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 | 755.24 | 769.55 | 781.93 | 783.29 | 991.60 | 1,066.64 | 1,147.36 | 1,234.18 | 1,327.58 | 1,428.05 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 42.30 | 30.41 | 42.61 | 110.86 | 74.32 | 78.18 | 84.10 | 90.47 | 97.31 | 104.68 |
Capital Expenditure | -20.99 | -13.26 | -24.18 | -16.96 | -29.71 | -27.21 | -29.27 | -31.48 | -33.86 | -36.43 |
Free Cash Flow | 21.32 | 17.15 | 18.43 | 93.90 | 44.61 | 50.98 | 54.84 | 58.99 | 63.45 | 68.25 |
WACC | ||||||||||
PV LFCF | 47.96 | 48.53 | 49.11 | 49.69 | 50.29 | |||||
SUM PV LFCF | 245.57 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.30 |
Free cash flow (t + 1) | 69.62 |
Terminal Value | 1,618.96 |
Present Value of Terminal Value | 1,192.81 |
Intrinsic Value
Enterprise Value | 1,438.38 |
---|---|
Net Debt | 166.32 |
Equity Value | 1,272.06 |
Shares Outstanding | 9.01 |
Equity Value Per Share | 141.14 |