DCF Tool


Dollar Tree Inc – All Other General Merchandise Stores
at dollar tree, it’s really all about the thrill of the hunt. as a fortune 150 company and the nation’s leading operator of single-price-point dollar stores, we operate more than 6,000 stores and 11 distribution centers across 48 contiguous u.s. states and five canadian provinces. we hunt the world over to find the most exciting merchandise for our customers, who are always telling us that they can’t believe the cool items they find in our stores for just $1.00. from party supplies and home décor to health & beauty, seasonal items, food & snacks, and so much more, we offer a huge selection — everything you need and want for every day, every holiday, and every occasion... and every single item is only $1 (or less)! we are experts in creative ideas and sound business management. for over 28 years, our price, philosophy, and mission have not changed, yet we are constantly adapting to an ever-changing marketplace with innovative and creative ideas. we understand the value of a dollar, plus
Analysis Results
Intrinsic Value $474.14
Latest Price $127.76
Relative Value 73% undervalued
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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 12.1%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 4.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 12.1%, 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 2.42 2.32
2025 2.71 2.5
2026 3.04 2.69
2027 3.41 2.9
2028 3.83 3.12
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 115 billion. This corresponds to a present value of 89.8 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 13.5 billion. Adding in the terminal value gives a total present value of 103 billion.

There are presently 218.0 million outstanding shares, so the intrinsic value per share is 474.14.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 6,367,100,000
Current Cash 642,800,000
Current Liabilities 4,225,200,000
Current Debt 0
Non-Cash Working Capital (NCWC) 1,499,100,000
Change in NCWC 1,051,400,000
EBIT 2,236,300,000
Tax Provision 495,200,000
Depreciation and Amortization 767,900,000
Capital Expenditure -1,248,800,000
Unlevered Free Cash Flow 2,282,107,609
Current Assets 5,609,200,000
Current Cash 984,900,000
Current Liabilities 4,176,600,000
Current Debt 0
Non-Cash Working Capital (NCWC) 447,700,000
Change in NCWC 543,900,000
EBIT 1,811,400,000
Tax Provision 304,300,000
Depreciation and Amortization 716,000,000
Capital Expenditure -1,021,200,000
Unlevered Free Cash Flow 1,712,390,760
Current Assets 5,050,800,000
Current Cash 1,416,700,000
Current Liabilities 3,730,300,000
Current Debt 0
Non-Cash Working Capital (NCWC) -96,200,000
Change in NCWC -529,900,000
EBIT 1,887,900,000
Tax Provision 397,900,000
Depreciation and Amortization 686,600,000
Capital Expenditure -898,800,000
Unlevered Free Cash Flow 714,028,871
Current Assets 4,269,400,000
Current Cash 539,200,000
Current Liabilities 3,546,500,000
Current Debt 250,000,000
Non-Cash Working Capital (NCWC) 433,700,000
Change in NCWC -1,341,800,000
EBIT 1,575,200,000
Tax Provision 271,700,000
Depreciation and Amortization 645,400,000
Capital Expenditure -1,034,800,000
Unlevered Free Cash Flow -545,534,759
Current Assets 4,293,300,000
Current Cash 422,100,000
Current Liabilities 2,095,700,000
Current Debt 0
Non-Cash Working Capital (NCWC) 1,775,500,000
Change in NCWC 240,200,000
EBIT 1,787,500,000
Tax Provision 281,800,000
Depreciation and Amortization 621,100,000
Capital Expenditure -817,100,000
Unlevered Free Cash Flow 1,831,700,000
Current Assets 4,576,300,000
Current Cash 1,097,800,000
Current Liabilities 2,859,100,000
Current Debt 915,900,000
Non-Cash Working Capital (NCWC) 1,535,300,000
Change in NCWC 421,500,000
EBIT 1,999,100,000
Tax Provision -10,300,000
Depreciation and Amortization 611,200,000
Capital Expenditure -632,200,000
Unlevered Free Cash Flow 2,399,600,000
Current Assets 3,938,000,000
Current Cash 870,400,000
Current Liabilities 2,105,900,000
Current Debt 152,100,000
Non-Cash Working Capital (NCWC) 1,113,800,000
Change in NCWC -94,600,000
EBIT 1,704,800,000
Tax Provision 433,200,000
Depreciation and Amortization 637,500,000
Capital Expenditure -564,700,000
Unlevered Free Cash Flow 1,127,471,671
Current Assets 3,935,900,000
Current Cash 740,100,000
Current Liabilities 2,095,400,000
Current Debt 108,000,000
Non-Cash Working Capital (NCWC) 1,208,400,000
Change in NCWC 939,500,000
EBIT 1,049,700,000
Tax Provision 165,800,000
Depreciation and Amortization 487,600,000
Capital Expenditure -480,500,000
Unlevered Free Cash Flow 1,607,990,629
Current Assets 1,994,600,000
Current Cash 864,100,000
Current Liabilities 861,600,000
Current Debt 0
Non-Cash Working Capital (NCWC) 268,900,000
Change in NCWC -168,400,000
EBIT 1,040,200,000
Tax Provision 355,000,000
Depreciation and Amortization 205,900,000
Capital Expenditure -325,600,000
Unlevered Free Cash Flow 365,104,611
Current Assets 1,378,500,000
Current Cash 267,700,000
Current Liabilities 686,300,000
Current Debt 12,800,000
Non-Cash Working Capital (NCWC) 437,300,000
Change in NCWC 25,600,000
EBIT 970,300,000
Tax Provision 357,600,000
Depreciation and Amortization 190,500,000
Capital Expenditure -330,400,000
Unlevered Free Cash Flow 492,404,401
Current Assets 1,473,500,000
Current Cash 399,900,000
Current Liabilities 676,200,000
Current Debt 14,300,000
Non-Cash Working Capital (NCWC) 411,700,000
Change in NCWC 56,100,000
EBIT 920,100,000
Tax Provision 359,600,000
Depreciation and Amortization 175,300,000
Capital Expenditure -312,200,000
Unlevered Free Cash Flow 501,300,245

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