Discounted Cash Flow (DCF) Analysis Levered
Future Lifestyle Fashions Limited (FLFL.NS)
5 ₹
+0.20 (+4.17%)
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 | 44,082.10 | 56,242.50 | 61,818.30 | 22,489.10 | 29,939.30 | 30,463.77 | 30,997.42 | 31,540.42 | 32,092.94 | 32,655.13 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 5,517.20 | 5,621.80 | 7,910.30 | 3,031.30 | 6,833.90 | 4,363.16 | 4,439.59 | 4,517.36 | 4,596.50 | 4,677.01 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -4,625.20 | -4,320.80 | -4,854.30 | -690 | -118 | -1,796.72 | -1,828.20 | -1,860.22 | -1,892.81 | -1,925.97 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 892 | 1,301 | 3,056 | 2,341.30 | 6,715.90 | 2,566.44 | 2,611.39 | 2,657.14 | 2,703.69 | 2,751.05 |
Weighted Average Cost Of Capital
| Share price | $ 5 |
|---|---|
| Beta | 1.070 |
| Diluted Shares Outstanding | 201.80 |
| Cost of Debt | |
| Tax Rate | -2.95 |
| After-tax Cost of Debt | 18.61% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.652 |
| Total Debt | 17,282.10 |
| Total Equity | 1,009 |
| Total Capital | 18,291.10 |
| Debt Weighting | 94.48 |
| Equity Weighting | 5.52 |
| 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 | 44,082.10 | 56,242.50 | 61,818.30 | 22,489.10 | 29,939.30 | 30,463.77 | 30,997.42 | 31,540.42 | 32,092.94 | 32,655.13 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5,517.20 | 5,621.80 | 7,910.30 | 3,031.30 | 6,833.90 | 4,363.16 | 4,439.59 | 4,517.36 | 4,596.50 | 4,677.01 |
| Capital Expenditure | -4,625.20 | -4,320.80 | -4,854.30 | -690 | -118 | -1,796.72 | -1,828.20 | -1,860.22 | -1,892.81 | -1,925.97 |
| Free Cash Flow | 892 | 1,301 | 3,056 | 2,341.30 | 6,715.90 | 2,566.44 | 2,611.39 | 2,657.14 | 2,703.69 | 2,751.05 |
| WACC | ||||||||||
| PV LFCF | 1,321.05 | 1,138.57 | 981.29 | 845.74 | 728.91 | |||||
| SUM PV LFCF | 8,253.30 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 18.06 |
| Free cash flow (t + 1) | 2,806.07 |
| Terminal Value | 17,472.41 |
| Present Value of Terminal Value | 7,617.96 |
Intrinsic Value
| Enterprise Value | 15,871.27 |
|---|---|
| Net Debt | 16,715 |
| Equity Value | -843.73 |
| Shares Outstanding | 201.80 |
| Equity Value Per Share | -4.18 |