Discounted Cash Flow

Levi Strauss & Co.

LEVI · 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 $4.6b $291.2m $203.6m 6.4%
2017 $4.9b (7.7%) $284.6m (-2.3%) $407.2m (100.0%) 5.8% (-9.3%) $0.75
2018 $5.6b (13.7%) $285.2m (0.2%) $261.0m (-35.9%) 5.1% (-11.8%) $0.75 (0.0%)
2019 $5.8b (3.4%) $395.0m (38.5%) $236.8m (-9.2%) 6.9% (34.0%) $1.01 (34.7%)
2020 $4.5b (-22.7%) $-127.1m (-132.2%) $339.2m (43.2%) -2.9% (-141.7%) $-0.32 (-131.7%)
2021 $5.8b (29.5%) $553.5m (535.4%) $570.3m (68.1%) 9.6% (436.3%) $1.38 (531.2%)
2022 $6.2b (7.0%) $569.1m (2.8%) $-39.0m (-106.8%) 9.2% (-3.9%) $1.43 (3.6%)
2023 $6.2b (0.2%) $250.6m (-56.0%) $120.0m (407.7%) 4.1% (-56.0%) $0.63 (-55.9%)
2024 $6.4b (2.9%) $210.4m (-16.0%) $670.9m (459.1%) 3.3% (-18.4%) $0.53 (-15.9%)
2025 $6.3b (-1.2%) $502.0m (138.6%) $308.2m (-54.1%) 8.0% (141.4%) $1.27 (139.6%)

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