Discounted Cash Flow (DCF) Analysis Levered
G-III Apparel Group, Ltd. (GIII)
$15.55
+0.16 (+1.04%)
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 | 3,076.21 | 3,160.46 | 2,055.15 | 2,766.54 | 3,226.73 | 3,380.12 | 3,540.80 | 3,709.12 | 3,885.44 | 4,070.15 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 103.83 | 209.02 | 74.76 | 185.80 | -104.60 | 115.60 | 121.10 | 126.86 | 132.89 | 139.20 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -29.20 | -40.09 | -20.13 | -31.51 | -21.53 | -33.82 | -35.43 | -37.12 | -38.88 | -40.73 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 74.62 | 168.93 | 54.63 | 154.29 | -126.13 | 81.78 | 85.67 | 89.74 | 94.01 | 98.48 |
Weighted Average Cost Of Capital
Share price | $ 15.55 |
---|---|
Beta | 2.656 |
Diluted Shares Outstanding | 49.52 |
Cost of Debt | |
Tax Rate | 3.70 |
After-tax Cost of Debt | 4.82% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 16.028 |
Total Debt | 619.36 |
Total Equity | 769.97 |
Total Capital | 1,389.33 |
Debt Weighting | 44.58 |
Equity Weighting | 55.42 |
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 | 3,076.21 | 3,160.46 | 2,055.15 | 2,766.54 | 3,226.73 | 3,380.12 | 3,540.80 | 3,709.12 | 3,885.44 | 4,070.15 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 103.83 | 209.02 | 74.76 | 185.80 | -104.60 | 115.60 | 121.10 | 126.86 | 132.89 | 139.20 |
Capital Expenditure | -29.20 | -40.09 | -20.13 | -31.51 | -21.53 | -33.82 | -35.43 | -37.12 | -38.88 | -40.73 |
Free Cash Flow | 74.62 | 168.93 | 54.63 | 154.29 | -126.13 | 81.78 | 85.67 | 89.74 | 94.01 | 98.48 |
WACC | ||||||||||
PV LFCF | 73.66 | 69.49 | 65.56 | 61.86 | 58.36 | |||||
SUM PV LFCF | 328.93 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.03 |
Free cash flow (t + 1) | 100.45 |
Terminal Value | 1,112.35 |
Present Value of Terminal Value | 659.24 |
Intrinsic Value
Enterprise Value | 988.17 |
---|---|
Net Debt | 427.71 |
Equity Value | 560.46 |
Shares Outstanding | 49.52 |
Equity Value Per Share | 11.32 |