Discounted Cash Flow (DCF) Analysis Levered

The Children's Place, Inc. (PLCE)

$24.33

-4.79 (-16.45%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.38 | 24.33 | 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 1,938.081,870.671,522.601,915.361,708.481,678.201,648.451,619.231,590.521,562.33
Revenue (%)
Operating Cash Flow 139.90177.90-35.72133.28-8.2270.0168.7767.5566.3665.18
Operating Cash Flow (%)
Capital Expenditure -71.11-134.45-30.59-29.31-45.58-57.27-56.26-55.26-54.28-53.32
Capital Expenditure (%)
Free Cash Flow 68.7943.45-66.30103.97-53.8012.7412.5212.3012.0811.86

Weighted Average Cost Of Capital

Share price $ 24.33
Beta 2.083
Diluted Shares Outstanding 13.04
Cost of Debt
Tax Rate 92.29
After-tax Cost of Debt 0.33%
Risk-Free Rate
Market Risk Premium
Cost of Equity 14.083
Total Debt 511.80
Total Equity 317.29
Total Capital 829.09
Debt Weighting 61.73
Equity Weighting 38.27
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 1,938.081,870.671,522.601,915.361,708.481,678.201,648.451,619.231,590.521,562.33
Operating Cash Flow 139.90177.90-35.72133.28-8.2270.0168.7767.5566.3665.18
Capital Expenditure -71.11-134.45-30.59-29.31-45.58-57.27-56.26-55.26-54.28-53.32
Free Cash Flow 68.7943.45-66.30103.97-53.8012.7412.5212.3012.0811.86
WACC
PV LFCF 12.0711.2310.449.729.04
SUM PV LFCF 52.50

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.59
Free cash flow (t + 1) 12.28
Terminal Value 587.52
Present Value of Terminal Value 447.62

Intrinsic Value

Enterprise Value 500.12
Net Debt 495.11
Equity Value 5.01
Shares Outstanding 13.04
Equity Value Per Share 0.38