Discounted Cash Flow (DCF) Analysis Levered

Guess', Inc. (GES)

$21.8

-1.03 (-4.51%)
All numbers are in Millions, Currency in USD
Stock DCF: 21.11 | 21.8 | 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 2,363.752,609.692,678.111,876.532,591.632,729.012,873.673,025.993,186.393,355.30
Revenue (%)
Operating Cash Flow 148.3781.68197.91209.05131.64180.20189.76199.82210.41221.56
Operating Cash Flow (%)
Capital Expenditure -84.65-108.12-61.87-18.88-63.52-73.64-77.54-81.65-85.98-90.53
Capital Expenditure (%)
Free Cash Flow 63.72-26.44136.05190.1768.12106.57112.22118.17124.43131.03

Weighted Average Cost Of Capital

Share price $ 21.8
Beta 1.902
Diluted Shares Outstanding 65.92
Cost of Debt
Tax Rate 32.46
After-tax Cost of Debt 1.35%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.619
Total Debt 1,153.22
Total Equity 1,437.03
Total Capital 2,590.25
Debt Weighting 44.52
Equity Weighting 55.48
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 2,363.752,609.692,678.111,876.532,591.632,729.012,873.673,025.993,186.393,355.30
Operating Cash Flow 148.3781.68197.91209.05131.64180.20189.76199.82210.41221.56
Capital Expenditure -84.65-108.12-61.87-18.88-63.52-73.64-77.54-81.65-85.98-90.53
Free Cash Flow 63.72-26.44136.05190.1768.12106.57112.22118.17124.43131.03
WACC
PV LFCF 92.0590.0888.1586.2784.43
SUM PV LFCF 474.49

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.60
Free cash flow (t + 1) 133.65
Terminal Value 2,386.54
Present Value of Terminal Value 1,654.65

Intrinsic Value

Enterprise Value 2,129.14
Net Debt 737.65
Equity Value 1,391.49
Shares Outstanding 65.92
Equity Value Per Share 21.11