DCF Tool


Dicks Sporting Goods, Inc. – Sporting Goods Stores
dick's sporting goods, inc. is an authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. the company also owns golf galaxy, inc., a multi-channel golf specialty retailer, true runner, a new running store bringing runners the best in footwear, apparel, accessories and service, e-commerce websites and catalog operations.
Analysis Results
Intrinsic Value $6,416.32
Latest Price $138.27
Relative Value 98% undervalued
Thoughts on this result? Let us know.
Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 51.9%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 4.3%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 51.9%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2024 2.75 2.64
2025 4.18 3.84
2026 6.36 5.6
2027 9.66 8.15
2028 14.7 11.9
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 440 billion. This corresponds to a present value of 341 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 32.1 billion. Adding in the terminal value gives a total present value of 373 billion.

There are presently 58.2 million outstanding shares, so the intrinsic value per share is 6416.32.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 4,963,186,000
Current Cash 1,924,386,000
Current Liabilities 2,641,446,000
Current Debt 0
Non-Cash Working Capital (NCWC) 397,354,000
Change in NCWC 646,583,000
EBIT 1,463,019,000
Tax Provision 340,610,000
Depreciation and Amortization 365,475,000
Capital Expenditure -364,075,000
Unlevered Free Cash Flow 1,750,879,418
Current Assets 5,106,656,000
Current Cash 2,643,205,000
Current Liabilities 2,712,680,000
Current Debt 0
Non-Cash Working Capital (NCWC) -249,229,000
Change in NCWC 199,386,000
EBIT 2,034,503,000
Tax Provision 474,567,000
Depreciation and Amortization 322,551,000
Capital Expenditure -308,261,000
Unlevered Free Cash Flow 1,764,078,724
Current Assets 3,759,650,000
Current Cash 1,658,067,000
Current Liabilities 2,550,198,000
Current Debt 0
Non-Cash Working Capital (NCWC) -448,615,000
Change in NCWC -712,823,000
EBIT 741,477,000
Tax Provision 181,484,000
Depreciation and Amortization 326,014,000
Capital Expenditure -224,027,000
Unlevered Free Cash Flow -58,426,857
Current Assets 2,410,016,000
Current Cash 69,334,000
Current Liabilities 2,076,474,000
Current Debt 0
Non-Cash Working Capital (NCWC) 264,208,000
Change in NCWC -245,161,000
EBIT 375,613,000
Tax Provision 110,242,000
Depreciation and Amortization 270,448,000
Capital Expenditure -217,461,000
Unlevered Free Cash Flow 81,874,314
Current Assets 2,122,398,000
Current Cash 113,653,000
Current Liabilities 1,504,639,000
Current Debt 5,263,000
Non-Cash Working Capital (NCWC) 509,369,000
Change in NCWC 24,349,000
EBIT 444,733,000
Tax Provision 112,056,000
Depreciation and Amortization 243,830,000
Capital Expenditure -198,219,000
Unlevered Free Cash Flow 399,312,834
Current Assets 2,006,085,000
Current Cash 101,253,000
Current Liabilities 1,425,014,000
Current Debt 5,202,000
Non-Cash Working Capital (NCWC) 485,020,000
Change in NCWC 50,888,000
EBIT 477,574,000
Tax Provision 177,892,000
Depreciation and Amortization 237,651,000
Capital Expenditure -474,347,000
Unlevered Free Cash Flow 122,305,948
Current Assets 1,995,678,000
Current Cash 164,777,000
Current Liabilities 1,397,415,000
Current Debt 646,000
Non-Cash Working Capital (NCWC) 434,132,000
Change in NCWC -68,536,000
EBIT 449,854,000
Tax Provision 171,026,000
Depreciation and Amortization 233,834,000
Capital Expenditure -421,920,000
Unlevered Free Cash Flow 25,402,510
Current Assets 1,812,690,000
Current Cash 118,936,000
Current Liabilities 1,191,675,000
Current Debt 589,000
Non-Cash Working Capital (NCWC) 502,668,000
Change in NCWC -7,741,000
EBIT 535,192,000
Tax Provision 200,484,000
Depreciation and Amortization 193,594,000
Capital Expenditure -370,028,000
Unlevered Free Cash Flow 148,902,692
Current Assets 1,850,384,000
Current Cash 221,679,000
Current Liabilities 1,118,833,000
Current Debt 537,000
Non-Cash Working Capital (NCWC) 510,409,000
Change in NCWC 73,757,000
EBIT 554,059,000
Tax Provision 211,816,000
Depreciation and Amortization 179,431,000
Capital Expenditure -349,007,000
Unlevered Free Cash Flow 247,168,765
Current Assets 1,620,071,000
Current Cash 181,731,000
Current Liabilities 1,002,587,000
Current Debt 899,000
Non-Cash Working Capital (NCWC) 436,652,000
Change in NCWC 178,232,000
EBIT 536,812,000
Tax Provision 208,509,000
Depreciation and Amortization 154,928,000
Capital Expenditure -285,668,000
Unlevered Free Cash Flow 379,343,922
Current Assets 1,595,889,000
Current Cash 345,214,000
Current Liabilities 1,000,768,000
Current Debt 8,513,000
Non-Cash Working Capital (NCWC) 258,420,000
Change in NCWC 57,149,000
EBIT 523,674,000
Tax Provision 199,116,000
Depreciation and Amortization 125,096,000
Capital Expenditure -219,026,000
Unlevered Free Cash Flow 274,017,233

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.