Discounted Cash Flow (DCF) Analysis Levered

Citi Trends, Inc. (CTRN)

$18.42

-0.13 (-0.70%)
All numbers are in Millions, Currency in USD
Stock DCF: 141.14 | 18.42 | undervalue

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 755.24769.55781.93783.29991.601,066.641,147.361,234.181,327.581,428.05
Revenue (%)
Operating Cash Flow 42.3030.4142.61110.8674.3278.1884.1090.4797.31104.68
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 21.3217.1518.4393.9044.6150.9854.8458.9963.4568.25

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 755.24769.55781.93783.29991.601,066.641,147.361,234.181,327.581,428.05
Operating Cash Flow 42.3030.4142.61110.8674.3278.1884.1090.4797.31104.68
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 21.3217.1518.4393.9044.6150.9854.8458.9963.4568.25
WACC
PV LFCF 47.9648.5349.1149.6950.29
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