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
Stock DCF: 11.32 | 15.55 | overvalue

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 3,076.213,160.462,055.152,766.543,226.733,380.123,540.803,709.123,885.444,070.15
Revenue (%)
Operating Cash Flow 103.83209.0274.76185.80-104.60115.60121.10126.86132.89139.20
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 74.62168.9354.63154.29-126.1381.7885.6789.7494.0198.48

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 3,076.213,160.462,055.152,766.543,226.733,380.123,540.803,709.123,885.444,070.15
Operating Cash Flow 103.83209.0274.76185.80-104.60115.60121.10126.86132.89139.20
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 74.62168.9354.63154.29-126.1381.7885.6789.7494.0198.48
WACC
PV LFCF 73.6669.4965.5661.8658.36
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