Discounted Cash Flow (DCF) Analysis Levered

The Container Store Group, Inc. (TCS)

$5.14

-0.01 (-0.19%)
All numbers are in Millions, Currency in USD
Stock DCF: 33.17 | 5.14 | undervalue

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 857.23895.09915.95990.091,094.121,163.461,237.191,315.591,398.961,487.61
Revenue (%)
Operating Cash Flow 62.1854.9030.75138.2956.9983.5888.8894.51100.50106.87
Operating Cash Flow (%)
Capital Expenditure -27.65-33.67-33.62-17.18-33.39-35.94-38.21-40.63-43.21-45.95
Capital Expenditure (%)
Free Cash Flow 34.5321.23-2.87121.1123.6047.6450.6653.8757.2960.92

Weighted Average Cost Of Capital

Share price $ 5.14
Beta 1.348
Diluted Shares Outstanding 50.29
Cost of Debt
Tax Rate 27.49
After-tax Cost of Debt 1.74%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.328
Total Debt 532.34
Total Equity 258.51
Total Capital 790.85
Debt Weighting 67.31
Equity Weighting 32.69
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 857.23895.09915.95990.091,094.121,163.461,237.191,315.591,398.961,487.61
Operating Cash Flow 62.1854.9030.75138.2956.9983.5888.8894.51100.50106.87
Capital Expenditure -27.65-33.67-33.62-17.18-33.39-35.94-38.21-40.63-43.21-45.95
Free Cash Flow 34.5321.23-2.87121.1123.6047.6450.6653.8757.2960.92
WACC
PV LFCF 45.5746.3547.1447.9548.77
SUM PV LFCF 235.78

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.55
Free cash flow (t + 1) 62.14
Terminal Value 2,436.76
Present Value of Terminal Value 1,950.71

Intrinsic Value

Enterprise Value 2,186.49
Net Debt 518.08
Equity Value 1,668.41
Shares Outstanding 50.29
Equity Value Per Share 33.17