Discounted Cash Flow (DCF) Analysis Levered
Future Lifestyle Fashions Limited (FLFL.NS)
6.8 ₹
-0.15 (-2.16%)
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 | $ 6.8 |
---|---|
Beta | 1.038 |
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 | 8.265 |
Total Debt | 17,282.10 |
Total Equity | 1,372.24 |
Total Capital | 18,654.34 |
Debt Weighting | 92.64 |
Equity Weighting | 7.36 |
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 | 2,177.71 | 1,880.24 | 1,623.40 | 1,401.64 | 1,210.18 | |||||
SUM PV LFCF | 8,293.18 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 17.85 |
Free cash flow (t + 1) | 2,806.07 |
Terminal Value | 17,703.90 |
Present Value of Terminal Value | 7,787.91 |
Intrinsic Value
Enterprise Value | 16,081.09 |
---|---|
Net Debt | 16,715 |
Equity Value | -633.91 |
Shares Outstanding | 201.80 |
Equity Value Per Share | -3.14 |