Discounted Cash Flow (DCF) Analysis Levered
Destination XL Group, Inc. (DXLG)
$4.18
+0.18 (+4.50%)
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 | -9.64 | -11.49 | -12.46 | -13.51 | -14.65 | -15.88 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 2.78 | 2.40 | -5.47 | 70.27 | 50.30 | 26.65 | 28.90 | 31.33 | 33.98 | 36.85 |
Weighted Average Cost Of Capital
Share price | $ 4.18 |
---|---|
Beta | 1.379 |
Diluted Shares Outstanding | 66.89 |
Cost of Debt | |
Tax Rate | -52.78 |
After-tax Cost of Debt | 0.17% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.319 |
Total Debt | 144.24 |
Total Equity | 279.60 |
Total Capital | 423.84 |
Debt Weighting | 34.03 |
Equity Weighting | 65.97 |
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 | -9.64 | -11.49 | -12.46 | -13.51 | -14.65 | -15.88 |
Free Cash Flow | 2.78 | 2.40 | -5.47 | 70.27 | 50.30 | 26.65 | 28.90 | 31.33 | 33.98 | 36.85 |
WACC | ||||||||||
PV LFCF | 24.94 | 25.30 | 25.68 | 26.06 | 26.44 | |||||
SUM PV LFCF | 128.42 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.86 |
Free cash flow (t + 1) | 37.58 |
Terminal Value | 773.34 |
Present Value of Terminal Value | 555 |
Intrinsic Value
Enterprise Value | 683.43 |
---|---|
Net Debt | 92.17 |
Equity Value | 591.26 |
Shares Outstanding | 66.89 |
Equity Value Per Share | 8.84 |