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 2,649.183,288.323,979.304,401.886,256.627,787.829,693.7712,066.1715,019.1718,694.87
Revenue (%)
Operating Cash Flow 489.34742.78669.32803.341,389.111,531.581,906.412,372.972,953.723,676.60
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 331.47516.97386.27574.11994.611,041.701,296.641,613.972,008.962,500.62

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 2,649.183,288.323,979.304,401.886,256.627,787.829,693.7712,066.1715,019.1718,694.87
Operating Cash Flow 489.34742.78669.32803.341,389.111,531.581,906.412,372.972,953.723,676.60
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 331.47516.97386.27574.11994.611,041.701,296.641,613.972,008.962,500.62
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 -