Discounted Cash Flow (DCF) Analysis Levered
Destination XL Group, Inc. (DXLG)
$5.12
-0.04 (-0.78%)
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 | 473.76 | 474.04 | 318.95 | 505.02 | 545.84 | 591.91 | 641.88 | 696.06 | 754.82 | 818.53 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 15.74 | 15.80 | -1.23 | 75.54 | 59.94 | 38.13 | 41.35 | 44.84 | 48.63 | 52.73 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -12.96 | -13.40 | -4.24 | -5.27 | -9.60 | -11.48 | -12.45 | -13.50 | -14.64 | -15.87 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 2.78 | 2.40 | -5.47 | 70.27 | 50.34 | 26.65 | 28.90 | 31.34 | 33.99 | 36.86 |
Weighted Average Cost Of Capital
Share price | $ 5.12 |
---|---|
Beta | 1.481 |
Diluted Shares Outstanding | 66.89 |
Cost of Debt | |
Tax Rate | -52.78 |
After-tax Cost of Debt | 0.23% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.491 |
Total Debt | 106.91 |
Total Equity | 342.48 |
Total Capital | 449.39 |
Debt Weighting | 23.79 |
Equity Weighting | 76.21 |
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 | 473.76 | 474.04 | 318.95 | 505.02 | 545.84 | 591.91 | 641.88 | 696.06 | 754.82 | 818.53 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 15.74 | 15.80 | -1.23 | 75.54 | 59.94 | 38.13 | 41.35 | 44.84 | 48.63 | 52.73 |
Capital Expenditure | -12.96 | -13.40 | -4.24 | -5.27 | -9.60 | -11.48 | -12.45 | -13.50 | -14.64 | -15.87 |
Free Cash Flow | 2.78 | 2.40 | -5.47 | 70.27 | 50.34 | 26.65 | 28.90 | 31.34 | 33.99 | 36.86 |
WACC | ||||||||||
PV LFCF | 24.67 | 24.76 | 24.85 | 24.94 | 25.03 | |||||
SUM PV LFCF | 124.24 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.05 |
Free cash flow (t + 1) | 37.60 |
Terminal Value | 621.44 |
Present Value of Terminal Value | 421.97 |
Intrinsic Value
Enterprise Value | 546.21 |
---|---|
Net Debt | 54.84 |
Equity Value | 491.37 |
Shares Outstanding | 66.89 |
Equity Value Per Share | 7.35 |