Discounted Cash Flow (DCF) Analysis Levered

Village Super Market, Inc. (VLGEA)

$25.84

+0.40 (+1.57%)
All numbers are in Millions, Currency in USD
Stock DCF: 83.46 | 25.84 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 1,643.501,804.592,030.332,061.082,166.652,323.452,491.602,671.912,865.273,072.63
Revenue (%)
Operating Cash Flow 55.7983.9552.6979.62104.5189.8296.32103.29110.76118.78
Operating Cash Flow (%)
Capital Expenditure -27.99-54.50-25.23-43.27-46.40-47.43-50.86-54.54-58.49-62.72
Capital Expenditure (%)
Free Cash Flow 27.8029.4527.4636.3558.1142.3945.4648.7552.2756.06

Weighted Average Cost Of Capital

Share price $ 25.84
Beta 0.285
Diluted Shares Outstanding 14.23
Cost of Debt
Tax Rate 31.64
After-tax Cost of Debt 2.93%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.630
Total Debt 392.58
Total Equity 367.70
Total Capital 760.28
Debt Weighting 51.64
Equity Weighting 48.36
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 1,643.501,804.592,030.332,061.082,166.652,323.452,491.602,671.912,865.273,072.63
Operating Cash Flow 55.7983.9552.6979.62104.5189.8296.32103.29110.76118.78
Capital Expenditure -27.99-54.50-25.23-43.27-46.40-47.43-50.86-54.54-58.49-62.72
Free Cash Flow 27.8029.4527.4636.3558.1142.3945.4648.7552.2756.06
WACC
PV LFCF 40.6741.8343.0444.2745.55
SUM PV LFCF 215.36

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.24
Free cash flow (t + 1) 56.34
Terminal Value 1,506.36
Present Value of Terminal Value 1,223.93

Intrinsic Value

Enterprise Value 1,439.29
Net Debt 251.67
Equity Value 1,187.62
Shares Outstanding 14.23
Equity Value Per Share 83.46