Discounted Cash Flow (DCF) Analysis Levered
G-III Apparel Group, Ltd. (GIII)
$14.23
-0.09 (-0.63%)
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 | 164.10 | 171.90 | 180.07 | 188.63 | 197.60 | 206.99 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -29.20 | -40.09 | -20.13 | -31.51 | -34.98 | -36.64 | -38.38 | -40.21 | -42.12 | -44.12 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 74.62 | 168.93 | 54.63 | 154.29 | 129.12 | 135.26 | 141.69 | 148.42 | 155.48 | 162.87 |
Weighted Average Cost Of Capital
Share price | $ 14.23 |
---|---|
Beta | 2.656 |
Diluted Shares Outstanding | 47.65 |
Cost of Debt | |
Tax Rate | 3.70 |
After-tax Cost of Debt | 4.82% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 15.914 |
Total Debt | 619.36 |
Total Equity | 678.10 |
Total Capital | 1,297.46 |
Debt Weighting | 47.74 |
Equity Weighting | 52.26 |
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 | 164.10 | 171.90 | 180.07 | 188.63 | 197.60 | 206.99 |
Capital Expenditure | -29.20 | -40.09 | -20.13 | -31.51 | -34.98 | -36.64 | -38.38 | -40.21 | -42.12 | -44.12 |
Free Cash Flow | 74.62 | 168.93 | 54.63 | 154.29 | 129.12 | 135.26 | 141.69 | 148.42 | 155.48 | 162.87 |
WACC | ||||||||||
PV LFCF | 99.92 | 94.62 | 89.60 | 84.85 | 80.35 | |||||
SUM PV LFCF | 549.87 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 10.62 |
Free cash flow (t + 1) | 166.13 |
Terminal Value | 1,927.22 |
Present Value of Terminal Value | 1,163.49 |
Intrinsic Value
Enterprise Value | 1,713.35 |
---|---|
Net Debt | 427.71 |
Equity Value | 1,285.65 |
Shares Outstanding | 47.65 |
Equity Value Per Share | 26.98 |