Discounted Cash Flow (DCF) Analysis Levered
Stitch Fix, Inc. (SFIX)
$8.29
+0.73 (+9.66%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 977.14 | 1,226.50 | 1,577.56 | 1,711.73 | 2,101.26 | 2,549.90 | 3,094.32 | 3,754.99 | 4,556.71 | 5,529.61 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 38.62 | 72.18 | 78.59 | 42.88 | -15.68 | 84.55 | 102.60 | 124.50 | 151.09 | 183.35 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -17.17 | -16.57 | -30.82 | -30.21 | -35.26 | -43.37 | -52.63 | -63.86 | -77.50 | -94.05 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 21.46 | 55.61 | 47.77 | 12.67 | -50.93 | 41.18 | 49.97 | 60.64 | 73.59 | 89.30 |
Weighted Average Cost Of Capital
| Share price | $ 8.29 |
|---|---|
| Beta | 1.728 |
| Diluted Shares Outstanding | 105.98 |
| Cost of Debt | |
| Tax Rate | 85.48 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.913 |
| Total Debt | 147.32 |
| Total Equity | 878.54 |
| Total Capital | 1,025.86 |
| Debt Weighting | 14.36 |
| Equity Weighting | 85.64 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 977.14 | 1,226.50 | 1,577.56 | 1,711.73 | 2,101.26 | 2,549.90 | 3,094.32 | 3,754.99 | 4,556.71 | 5,529.61 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 38.62 | 72.18 | 78.59 | 42.88 | -15.68 | 84.55 | 102.60 | 124.50 | 151.09 | 183.35 |
| Capital Expenditure | -17.17 | -16.57 | -30.82 | -30.21 | -35.26 | -43.37 | -52.63 | -63.86 | -77.50 | -94.05 |
| Free Cash Flow | 21.46 | 55.61 | 47.77 | 12.67 | -50.93 | 41.18 | 49.97 | 60.64 | 73.59 | 89.30 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 91.09 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 17.54 |
| Equity Value | - |
| Shares Outstanding | 105.98 |
| Equity Value Per Share | - |