Discounted Cash Flow

Caleres Inc.

CAL · 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 $2.6b $81.5m $75.7m 3.2% $1.86
2017 $2.6b (0.1%) $65.7m (-19.4%) $133.1m (75.9%) 2.5% (-19.5%) $1.52 (-18.3%)
2018 $2.8b (8.0%) $87.2m (32.8%) $146.7m (10.2%) 3.1% (23.0%) $2.03 (33.6%)
2019 $2.8b (1.8%) $-5.4m (-106.2%) $67.1m (-54.2%) -0.2% (-106.1%) $-0.13 (-106.4%)
2020 $2.9b (3.1%) $62.8m (1254.5%) $126.3m (88.1%) 2.2% (1220.3%) $1.53 (1276.9%)
2021 $2.1b (-27.5%) $-439.1m (-799.0%) $109.6m (-13.2%) -20.7% (-1064.6%) $-11.80 (-871.2%)
2022 $2.8b (31.2%) $137.0m (131.2%) $150.0m (36.9%) 4.9% (123.8%) $3.59 (130.4%)
2023 $3.0b (6.9%) $181.7m (32.6%) $70.0m (-53.4%) 6.1% (24.1%) $4.98 (38.7%)
2024 $2.8b (-5.1%) $171.4m (-5.7%) $155.6m (122.3%) 6.1% (-0.6%) $4.80 (-3.6%)
2025 $2.7b (-3.4%) $107.3m (-37.4%) $55.4m (-64.4%) 3.9% (-35.2%) $3.10 (-35.4%)

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