Discounted Cash Flow (DCF) Analysis Levered

Zumiez Inc. (ZUMZ)

$22.86

+0.90 (+4.10%)
All numbers are in Millions, Currency in USD

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 927.40978.621,034.13990.651,183.871,262.281,345.891,435.041,530.091,631.44
Revenue (%)
Operating Cash Flow 65.5165.32105.64138.41134.95124.52132.77141.57150.94160.94
Operating Cash Flow (%)
Capital Expenditure -24.06-21.03-18.82-9.06-15.75-22.24-23.71-25.28-26.95-28.74
Capital Expenditure (%)
Free Cash Flow 41.4544.2986.82129.35119.20102.29109.07116.29123.99132.20

Weighted Average Cost Of Capital

Share price $ 22.86
Beta 1.510
Diluted Shares Outstanding 25.40
Cost of Debt
Tax Rate 25.68
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.831
Total Debt 267.89
Total Equity 580.60
Total Capital 848.48
Debt Weighting 31.57
Equity Weighting 68.43
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 927.40978.621,034.13990.651,183.871,262.281,345.891,435.041,530.091,631.44
Operating Cash Flow 65.5165.32105.64138.41134.95124.52132.77141.57150.94160.94
Capital Expenditure -24.06-21.03-18.82-9.06-15.75-22.24-23.71-25.28-26.95-28.74
Free Cash Flow 41.4544.2986.82129.35119.20102.29109.07116.29123.99132.20
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 134.85
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 150.66
Equity Value -
Shares Outstanding 25.40
Equity Value Per Share -