| Intrinsic Valuation of: LULU | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 13 | Market Cap | $14B | |||||
| 2022 | - | - (-) | P/E Ratio | 9 | Total Asset | $8B | |||||
| 2023 | $328M | - (-) | Net Income | $2B | Total Debt | $0 | |||||
| 2024 | $2B | 401.6% (322.9%) | EBITDA | $3B | Total Liab | $3B | |||||
| 2025 | $2B | -3.7% (-12.5%) | Opr Margin | 19.91 | Debt/Equity | - | |||||
| 2026 | $922M | -41.8% (-44.5%) | PreTax Margin | 19.91 | BV/Share | 43 | |||||
| 5Y Average FCF | $1B | 15.0% (88.6%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 8.42% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2027 | $1B | MBG Intrinsic Value | $119 | ||||||||
| 2028 | $1B | ||||||||||
| 2029 | $1B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| 2032 | $2B | ||||||||||
| Terminal Value | $28B | Net Worth/Share | $45 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $23B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $229 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $0 | WACC | 6.5% | 280 | 303 | 333 | 370 | 421 | |||
| Equity Value | $25B | 7.5% | 236 | 251 | 270 | 292 | 321 | ||||
| Shares Outstanding | 110,482,671 | 8.5% | 204 | 215 | 228 | 242 | 260 | ||||
| 9.4% | 180 | 188 | 197 | 208 | 220 | ||||||
| DCF Intrinsic Value | $229 | 10.4% | 162 | 168 | 174 | 182 | 190 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||