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
Stock DCF: 7.35 | 5.12 | undervalue

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 473.76474.04318.95505.02545.84591.91641.88696.06754.82818.53
Revenue (%)
Operating Cash Flow 15.7415.80-1.2375.5459.9438.1341.3544.8448.6352.73
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 2.782.40-5.4770.2750.3426.6528.9031.3433.9936.86

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 473.76474.04318.95505.02545.84591.91641.88696.06754.82818.53
Operating Cash Flow 15.7415.80-1.2375.5459.9438.1341.3544.8448.6352.73
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 2.782.40-5.4770.2750.3426.6528.9031.3433.9936.86
WACC
PV LFCF 24.6724.7624.8524.9425.03
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