Discounted Cash Flow

Signet Jewelers Ltd.

SIG · 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 $6.4b $543.2m $400.3m 8.5% $7.13
2018 $6.3b (-2.4%) $519.3m (-4.4%) $1.7b (325.5%) 8.3% (-2.0%) $7.72 (8.3%)
2019 $6.2b (-0.1%) $-657.4m (-226.6%) $564.2m (-66.9%) -10.5% (-226.7%) $-12.62 (-263.5%)
2020 $6.1b (-1.8%) $105.5m (116.0%) $419.4m (-25.7%) 1.7% (116.3%) $1.40 (111.1%)
2021 $5.2b (-14.8%) $-15.2m (-114.4%) $1.3b (207.4%) -0.3% (-116.9%) $-0.94 (-167.1%)
2022 $7.8b (49.7%) $769.9m (5165.1%) $1.1b (-12.5%) 9.8% (3482.9%) $14.01 (1590.4%)
2023 $7.8b (0.2%) $376.7m (-51.1%) $659.0m (-41.6%) 4.8% (-51.2%) $7.34 (-47.6%)
2024 $7.2b (-8.6%) $810.4m (115.1%) $421.4m (-36.1%) 11.3% (135.3%) $17.28 (135.4%)
2025 $6.7b (-6.5%) $61.2m (-92.4%) $437.9m (3.9%) 0.9% (-91.9%) $-0.81 (-104.7%)
2026 $6.8b (1.6%) $294.4m (381.0%) $525.3m (20.0%) 4.3% (373.3%) $7.13 (980.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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