Discounted Cash Flow (DCF) Analysis Levered
Lululemon Athletica Inc. (LULU)
$312.96
-6.46 (-2.02%)
All numbers are in Millions, Currency in USD
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 | 2,649.18 | 3,288.32 | 3,979.30 | 4,401.88 | 6,256.62 | 7,787.82 | 9,693.77 | 12,066.17 | 15,019.17 | 18,694.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 489.34 | 742.78 | 669.32 | 803.34 | 1,389.11 | 1,531.58 | 1,906.41 | 2,372.97 | 2,953.72 | 3,676.60 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -157.86 | -225.81 | -283.05 | -229.23 | -394.50 | -489.88 | -609.77 | -759 | -944.76 | -1,175.97 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 331.47 | 516.97 | 386.27 | 574.11 | 994.61 | 1,041.70 | 1,296.64 | 1,613.97 | 2,008.96 | 2,500.62 |
Weighted Average Cost Of Capital
| Share price | $ 312.96 |
|---|---|
| Beta | 1.379 |
| Diluted Shares Outstanding | 130.29 |
| Cost of Debt | |
| Tax Rate | 26.88 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.128 |
| Total Debt | 881.05 |
| Total Equity | 40,777.12 |
| Total Capital | 41,658.18 |
| Debt Weighting | 2.11 |
| Equity Weighting | 97.89 |
| 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 | 2,649.18 | 3,288.32 | 3,979.30 | 4,401.88 | 6,256.62 | 7,787.82 | 9,693.77 | 12,066.17 | 15,019.17 | 18,694.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 489.34 | 742.78 | 669.32 | 803.34 | 1,389.11 | 1,531.58 | 1,906.41 | 2,372.97 | 2,953.72 | 3,676.60 |
| Capital Expenditure | -157.86 | -225.81 | -283.05 | -229.23 | -394.50 | -489.88 | -609.77 | -759 | -944.76 | -1,175.97 |
| Free Cash Flow | 331.47 | 516.97 | 386.27 | 574.11 | 994.61 | 1,041.70 | 1,296.64 | 1,613.97 | 2,008.96 | 2,500.62 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 2,550.64 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -378.82 |
| Equity Value | - |
| Shares Outstanding | 130.29 |
| Equity Value Per Share | - |