DCF Tool


Canada Goose Holdings Inc – All Other Miscellaneous Textile Product Mills
Founded in 1957 in a small warehouse in Toronto, Canada, Canada Goose (NYSE:GOOS, TSX:GOOS) is a lifestyle brand and a leading manufacturer of performance luxury apparel. Every collection is informed by the rugged demands of the Arctic, ensuring a legacy of functionality is embedded in every product from parkas and rainwear to apparel and accessories. Canada Goose is inspired by relentless innovation and uncompromised craftsmanship, recognized as a leader for its Made in Canada commitment. In 2020, Canada Goose announced HUMANATURE, its purpose platform that unites its sustainability and values-based initiatives, reinforcing its commitment to keep the planet cold and the people on it warm. Canada Goose also owns Baffin, a Canadian designer and manufacturer of performance outdoor and industrial footwear.
Analysis Results
Intrinsic Value $129.86
Latest Price $18.75
Relative Value 86% undervalued
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Cash Flow (Millions)
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 33.0%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 10.4%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 33.0%, 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 252 229
2024 336 275
2025 446 332
2026 594 400
2027 790 482
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 9590 million. This corresponds to a present value of 5300 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 1720 million. Adding in the terminal value gives a total present value of 7010 million.

There are presently 54.0 million outstanding shares, so the intrinsic value per share is 129.86.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 608,729,677
Current Cash 229,740,952
Current Liabilities 224,789,983
Current Debt 49,749,257
Non-Cash Working Capital (NCWC) 203,947,998
Change in NCWC 43,710,139
EBIT 125,131,759
Tax Provision 18,446,353
Depreciation and Amortization 76,500,463
Capital Expenditure -28,747,564
Unlevered Free Cash Flow 192,036,228
Current Assets 711,119,920
Current Cash 378,909,811
Current Liabilities 207,809,712
Current Debt 35,837,462
Non-Cash Working Capital (NCWC) 160,237,859
Change in NCWC -73,013,468
EBIT 92,685,827
Tax Provision 12,527,254
Depreciation and Amortization 67,076,313
Capital Expenditure -25,371,655
Unlevered Free Cash Flow 44,348,691
Current Assets 373,801,119
Current Cash 22,604,913
Current Liabilities 143,544,764
Current Debt 25,599,885
Non-Cash Working Capital (NCWC) 233,251,328
Change in NCWC 92,422,400
EBIT 136,984,347
Tax Provision 8,557,064
Depreciation and Amortization 44,995,899
Capital Expenditure -44,425,428
Unlevered Free Cash Flow 219,935,605
Current Assets 309,524,005
Current Cash 66,369,377
Current Liabilities 102,325,699
Current Debt 0
Non-Cash Working Capital (NCWC) 140,828,928
Change in NCWC 84,962,066
EBIT 147,346,011
Tax Provision 29,139,602
Depreciation and Amortization 17,004,343
Capital Expenditure -36,930,139
Unlevered Free Cash Flow 180,975,378
Current Assets 233,261,565
Current Cash 73,853,102
Current Liabilities 103,541,600
Current Debt 0
Non-Cash Working Capital (NCWC) 55,866,861
Change in NCWC -10,829,689
EBIT 107,054,060
Tax Provision 22,619,401
Depreciation and Amortization 11,020,225
Capital Expenditure -26,195,414
Unlevered Free Cash Flow 56,102,099
Current Assets 121,941,071
Current Cash 7,230,265
Current Liabilities 48,014,254
Current Debt 0
Non-Cash Working Capital (NCWC) 66,696,550
Change in NCWC -9,354,127
EBIT 30,258,341
Tax Provision 6,649,035
Depreciation and Amortization 6,365,891
Capital Expenditure -11,802,411
Unlevered Free Cash Flow 6,649,776

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