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
Stock DCF: -4.18 | 5 | overvalue

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 44,082.1056,242.5061,818.3022,489.1029,939.3030,463.7730,997.4231,540.4232,092.9432,655.13
Revenue (%)
Operating Cash Flow 5,517.205,621.807,910.303,031.306,833.904,363.164,439.594,517.364,596.504,677.01
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 8921,3013,0562,341.306,715.902,566.442,611.392,657.142,703.692,751.05

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 44,082.1056,242.5061,818.3022,489.1029,939.3030,463.7730,997.4231,540.4232,092.9432,655.13
Operating Cash Flow 5,517.205,621.807,910.303,031.306,833.904,363.164,439.594,517.364,596.504,677.01
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 8921,3013,0562,341.306,715.902,566.442,611.392,657.142,703.692,751.05
WACC
PV LFCF 1,321.051,138.57981.29845.74728.91
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