Discounted Cash Flow (DCF) Analysis Levered
Steven Madden, Ltd. (SHOO)
$36.1
-0.98 (-2.64%)
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 | 1,546.10 | 1,653.61 | 1,787.16 | 1,201.81 | 1,866.14 | 2,041.35 | 2,233 | 2,442.64 | 2,671.97 | 2,922.83 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 157.93 | 154.38 | 233.78 | 44.21 | 159.46 | 183.13 | 200.32 | 219.13 | 239.70 | 262.21 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -14.78 | -12.45 | -18.31 | -6.56 | -6.61 | -14.83 | -16.23 | -17.75 | -19.42 | -21.24 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 143.16 | 141.93 | 215.47 | 37.64 | 152.85 | 168.30 | 184.10 | 201.38 | 220.29 | 240.97 |
Weighted Average Cost Of Capital
| Share price | $ 36.1 |
|---|---|
| Beta | 1.142 |
| Diluted Shares Outstanding | 81.31 |
| Cost of Debt | |
| Tax Rate | 21.23 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.002 |
| Total Debt | 110.83 |
| Total Equity | 2,935.18 |
| Total Capital | 3,046.01 |
| Debt Weighting | 3.64 |
| Equity Weighting | 96.36 |
| 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 | 1,546.10 | 1,653.61 | 1,787.16 | 1,201.81 | 1,866.14 | 2,041.35 | 2,233 | 2,442.64 | 2,671.97 | 2,922.83 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 157.93 | 154.38 | 233.78 | 44.21 | 159.46 | 183.13 | 200.32 | 219.13 | 239.70 | 262.21 |
| Capital Expenditure | -14.78 | -12.45 | -18.31 | -6.56 | -6.61 | -14.83 | -16.23 | -17.75 | -19.42 | -21.24 |
| Free Cash Flow | 143.16 | 141.93 | 215.47 | 37.64 | 152.85 | 168.30 | 184.10 | 201.38 | 220.29 | 240.97 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 245.79 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -108.67 |
| Equity Value | - |
| Shares Outstanding | 81.31 |
| Equity Value Per Share | - |