Discounted Cash Flow (DCF) Analysis Levered

Oxford Industries, Inc. (OXM)

$89.85

+0.03 (+0.03%)
All numbers are in Millions, Currency in USD
Stock DCF: 84.86 | 89.85 | overvalue

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 1,086.211,107.471,122.79748.831,142.081,206.461,274.471,346.321,422.211,502.39
Revenue (%)
Operating Cash Flow 118.5996.38121.9383.85198.01142.40150.42158.90167.86177.32
Operating Cash Flow (%)
Capital Expenditure -38.75-37.04-37.42-28.92-31.89-40.78-43.08-45.51-48.07-50.78
Capital Expenditure (%)
Free Cash Flow 79.8459.3384.5154.93166.11101.62107.35113.40119.79126.54

Weighted Average Cost Of Capital

Share price $ 89.85
Beta 1.439
Diluted Shares Outstanding 16.58
Cost of Debt
Tax Rate 20.20
After-tax Cost of Debt 0.29%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.598
Total Debt 260.76
Total Equity 1,489.35
Total Capital 1,750.11
Debt Weighting 14.90
Equity Weighting 85.10
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 1,086.211,107.471,122.79748.831,142.081,206.461,274.471,346.321,422.211,502.39
Operating Cash Flow 118.5996.38121.9383.85198.01142.40150.42158.90167.86177.32
Capital Expenditure -38.75-37.04-37.42-28.92-31.89-40.78-43.08-45.51-48.07-50.78
Free Cash Flow 79.8459.3384.5154.93166.11101.62107.35113.40119.79126.54
WACC
PV LFCF 93.1890.2587.4284.6882.02
SUM PV LFCF 437.54

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.06
Free cash flow (t + 1) 129.07
Terminal Value 1,828.26
Present Value of Terminal Value 1,184.98

Intrinsic Value

Enterprise Value 1,622.52
Net Debt 215.90
Equity Value 1,406.62
Shares Outstanding 16.58
Equity Value Per Share 84.86