DCF Tool

FLWS

1-800 Flowers.com Inc. – Florists
1-800-FLOWERS.COM, Inc. is a leading provider of gifts designed to help customers express, connect and celebrate. The Company's Celebrations Ecosystem features its all-star family of brands, including: 1-800-Flowers.com®, 1-800-Baskets.com®, Cheryl's Cookies®, Harry & David®, Shari's Berries®, FruitBouquets.com®, Moose Munch®, The Popcorn Factory®, Wolferman's Bakery℠, Personalization Universe®, Simply Chocolate®, and Goodsey®. It also offers top-quality steaks and chops from Stock Yards®. Through the Celebrations Passport® loyalty program, which provides members with free standard shipping and no service charge across the company's portfolio of brands, 1-800-FLOWERS.COM, Inc. strives to deepen relationships with customers. The Company also operates BloomNet®, an international floral wire service providing a broad-range of products and services designed to help professional florists grow their businesses profitably; Napco SM, a resource for floral gifts and seasonal décor; and DesignPac Gifts, LLC, a manufacturer of gift baskets and towers. 1-800-FLOWERS.COM, Inc. was recognized as the 2019 Mid-Market Company of the Year by CEO Connection.
Analysis Results
Intrinsic Value $130.81
Latest Price $6.49
Relative Value 95% undervalued
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Cash Flow (Millions)
Analysis Parameters
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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 23.7%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.6%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 23.7%, 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 (million) Present value (million)
2023 143 133
2024 177 153
2025 220 176
2026 272 203
2027 336 233
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 6160 million. This corresponds to a present value of 3980 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 899 million. Adding in the terminal value gives a total present value of 4880 million.

There are presently 37.3 million outstanding shares, so the intrinsic value per share is 130.81.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 348,238,000
Current Cash 31,465,000
Current Liabilities 265,697,000
Current Debt 20,000,000
Non-Cash Working Capital (NCWC) 71,076,000
Change in NCWC 90,528,000
EBIT 42,101,000
Tax Provision 1,492,000
Depreciation and Amortization 49,078,000
Capital Expenditure -66,408,000
Unlevered Free Cash Flow 113,279,364
Current Assets 400,059,000
Current Cash 173,573,000
Current Liabilities 265,938,000
Current Debt 20,000,000
Non-Cash Working Capital (NCWC) -19,452,000
Change in NCWC 17,756,000
EBIT 149,087,000
Tax Provision 30,463,000
Depreciation and Amortization 42,510,000
Capital Expenditure -55,219,000
Unlevered Free Cash Flow 123,676,720
Current Assets 378,630,000
Current Cash 240,506,000
Current Liabilities 180,332,000
Current Debt 5,000,000
Non-Cash Working Capital (NCWC) -37,208,000
Change in NCWC -45,026,000
EBIT 80,364,000
Tax Provision 18,844,000
Depreciation and Amortization 32,513,000
Capital Expenditure -34,703,000
Unlevered Free Cash Flow 13,693,473
Current Assets 303,238,000
Current Cash 172,923,000
Current Liabilities 127,497,000
Current Debt 5,000,000
Non-Cash Working Capital (NCWC) 7,818,000
Change in NCWC -3,227,000
EBIT 45,108,000
Tax Provision 8,217,000
Depreciation and Amortization 29,965,000
Capital Expenditure -32,560,000
Unlevered Free Cash Flow 30,662,766
Current Assets 273,021,000
Current Cash 147,240,000
Current Liabilities 124,799,000
Current Debt 10,063,000
Non-Cash Working Capital (NCWC) 11,045,000
Change in NCWC 21,362,000
EBIT 40,948,000
Tax Provision -2,769,000
Depreciation and Amortization 32,469,000
Capital Expenditure -33,306,000
Unlevered Free Cash Flow 61,473,000
Current Assets 257,402,000
Current Cash 149,732,000
Current Liabilities 125,175,000
Current Debt 7,188,000
Non-Cash Working Capital (NCWC) -10,317,000
Change in NCWC -47,883,000
EBIT 46,259,000
Tax Provision 11,968,000
Depreciation and Amortization 33,376,000
Capital Expenditure -33,653,000
Unlevered Free Cash Flow -11,785,620
Current Assets 166,659,000
Current Cash 27,826,000
Current Liabilities 120,861,000
Current Debt 19,594,000
Non-Cash Working Capital (NCWC) 37,566,000
Change in NCWC 14,602,000
EBIT 43,282,000
Tax Provision 15,579,000
Depreciation and Amortization 32,384,000
Capital Expenditure -33,938,000
Unlevered Free Cash Flow 43,223,496
Current Assets 159,968,000
Current Cash 27,940,000
Current Liabilities 123,607,000
Current Debt 14,543,000
Non-Cash Working Capital (NCWC) 22,964,000
Change in NCWC 10,313,000
EBIT 37,617,000
Tax Provision 10,930,000
Depreciation and Amortization 29,124,000
Capital Expenditure -32,572,000
Unlevered Free Cash Flow 30,918,834
Current Assets 91,818,000
Current Cash 5,203,000
Current Liabilities 74,307,000
Current Debt 343,000
Non-Cash Working Capital (NCWC) 12,651,000
Change in NCWC -4,081,000
EBIT 23,706,000
Tax Provision 8,403,000
Depreciation and Amortization 19,848,000
Capital Expenditure -22,985,000
Unlevered Free Cash Flow 7,574,781
Current Assets 92,649,000
Current Cash 154,000
Current Liabilities 75,763,000
Current Debt 0
Non-Cash Working Capital (NCWC) 16,732,000
Change in NCWC 109,000
EBIT 25,786,000
Tax Provision 9,073,000
Depreciation and Amortization 18,798,000
Capital Expenditure -20,044,000
Unlevered Free Cash Flow 15,213,372
Current Assets 115,741,000
Current Cash 28,854,000
Current Liabilities 86,020,000
Current Debt 15,756,000
Non-Cash Working Capital (NCWC) 16,623,000
Change in NCWC 3,799,000
EBIT 19,420,000
Tax Provision 7,771,000
Depreciation and Amortization 19,576,000
Capital Expenditure -17,304,000
Unlevered Free Cash Flow 18,269,254

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