Discounted Cash Flow

Movado Group Inc.

MOV · 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)
2017 $552.8m $35.1m $52.2m 6.3% $1.52
2018 $568.0m (2.8%) $-15.2m (-143.4%) $48.9m (-6.4%) -2.7% (-142.3%) $-0.66 (-143.4%)
2019 $679.6m (19.7%) $61.6m (504.8%) $75.5m (54.4%) 9.1% (438.3%) $2.66 (503.0%)
2020 $701.0m (3.1%) $42.7m (-30.7%) $19.4m (-74.4%) 6.1% (-32.8%) $1.85 (-30.5%)
2021 $506.4m (-27.8%) $-111.5m (-361.2%) $65.4m (237.8%) -22.0% (-461.5%) $-4.80 (-359.5%)
2022 $732.4m (44.6%) $91.6m (182.1%) $125.2m (91.4%) 12.5% (156.8%) $3.95 (182.3%)
2023 $751.9m (2.7%) $94.5m (3.2%) $47.3m (-62.2%) 12.6% (0.5%) $4.20 (6.3%)
2024 $672.6m (-10.5%) $46.7m (-50.6%) $68.6m (45.1%) 6.9% (-44.8%) $2.06 (-51.0%)
2025 $653.4m (-2.9%) $18.4m (-60.7%) $-9.5m (-113.8%) 2.8% (-59.5%) $0.81 (-60.7%)
2026 $671.3m (2.7%) $26.6m (44.6%) $53.4m (664.0%) 4.0% (40.7%) $1.17 (44.4%)

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