Discounted Cash Flow

Abercrombie & Fitch Co. /De/

ANF · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $3.5b $35.6m $166.7m 1.0% $0.52
2017 $3.3b (-5.5%) $4.0m (-88.9%) $44.5m (-73.3%) 0.1% (-88.2%) $0.06 (-88.5%)
2018 $3.5b (5.0%) $7.1m (79.3%) $180.7m (306.3%) 0.2% (70.8%) $0.10 (66.7%)
2019 $3.6b (2.8%) $74.5m (950.8%) $200.5m (11.0%) 2.1% (922.2%) $1.11 (1010.0%)
2020 $3.6b (0.9%) $39.4m (-47.2%) $97.9m (-51.2%) 1.1% (-47.7%) $0.61 (-45.0%)
2021 $3.1b (-13.7%) $-114.0m (-389.7%) $303.0m (209.5%) -3.6% (-435.8%) $-1.82 (-398.4%)
2022 $3.7b (18.8%) $263.0m (330.7%) $180.8m (-40.3%) 7.1% (294.2%) $4.41 (342.3%)
2023 $3.7b (-0.4%) $2.8m (-98.9%) $-166.9m (-192.3%) 0.1% (-98.9%) $0.06 (-98.6%)
2024 $4.3b (15.8%) $328.1m (11552.1%) $495.6m (396.9%) 7.7% (9965.4%) $6.53 (10783.3%)
2025 $4.9b (15.6%) $566.2m (72.6%) $527.5m (6.4%) 11.4% (49.3%) $11.14 (70.6%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model