DCF Tool


JELD-WEN Holding Inc. – Wood Window and Door Manufacturing
jeld-wen — one of the world’s largest manufacturers of doors and windows — operates in 25 countries with 116 manufacturing facilities located primarily in north america, europe and australia. headquartered in charlotte, north carolina, the company designs, produces and distributes an extensive range of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. jeld-wen’s full breadth of products has earned numerous awards and endorsements for dependability, innovation and excellence — providing solutions that deliver exceptional value for builders, architects and homeowners around the world. jeld-wen is a recognized leader in manufacturing energy-efficient products and has been an energy star® partner since 1998. jeld-wen’s culture is our lifeblood – it is the ongoing expression of our purpose, vision and values, reflected in the behaviors and actions of
Analysis Results
Intrinsic Value $123.11
Latest Price $13.57
Relative Value 89% undervalued
Thoughts on this result? Let us know.
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 12.8%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.4%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 12.8%, 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 418 389
2024 471 408
2025 531 429
2026 599 450
2027 675 473
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 12800 million. This corresponds to a present value of 8340 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 2150 million. Adding in the terminal value gives a total present value of 10500 million.

There are presently 85.2 million outstanding shares, so the intrinsic value per share is 123.11.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,695,606,000
Current Cash 219,405,000
Current Liabilities 786,626,000
Current Debt 34,391,000
Non-Cash Working Capital (NCWC) 723,966,000
Change in NCWC 230,012,000
EBIT 179,334,000
Tax Provision 33,310,000
Depreciation and Amortization 131,754,000
Capital Expenditure -92,220,000
Unlevered Free Cash Flow 373,300,011
Current Assets 1,739,857,000
Current Cash 395,596,000
Current Liabilities 888,868,000
Current Debt 38,561,000
Non-Cash Working Capital (NCWC) 493,954,000
Change in NCWC 270,043,000
EBIT 270,375,000
Tax Provision 35,540,000
Depreciation and Amortization 137,247,000
Capital Expenditure -99,693,000
Unlevered Free Cash Flow 530,951,871
Current Assets 1,760,653,000
Current Cash 735,820,000
Current Liabilities 867,624,000
Current Debt 66,702,000
Non-Cash Working Capital (NCWC) 223,911,000
Change in NCWC -90,465,000
EBIT 199,192,000
Tax Provision 25,089,000
Depreciation and Amortization 134,623,000
Capital Expenditure -96,896,000
Unlevered Free Cash Flow 103,621,104
Current Assets 1,243,278,000
Current Cash 225,962,000
Current Liabilities 768,786,000
Current Debt 65,846,000
Non-Cash Working Capital (NCWC) 314,376,000
Change in NCWC -104,771,000
EBIT 211,965,000
Tax Provision 57,074,000
Depreciation and Amortization 133,969,000
Capital Expenditure -136,192,000
Unlevered Free Cash Flow 4,194,704
Current Assets 1,151,477,000
Current Cash 116,991,000
Current Liabilities 670,269,000
Current Debt 54,930,000
Non-Cash Working Capital (NCWC) 419,147,000
Change in NCWC 62,832,000
EBIT 190,724,000
Tax Provision -7,958,000
Depreciation and Amortization 125,100,000
Capital Expenditure -118,700,000
Unlevered Free Cash Flow 259,956,000
Current Assets 1,145,241,000
Current Cash 220,175,000
Current Liabilities 577,521,000
Current Debt 8,770,000
Non-Cash Working Capital (NCWC) 356,315,000
Change in NCWC 76,301,000
EBIT 266,763,000
Tax Provision 138,603,000
Depreciation and Amortization 111,273,000
Capital Expenditure -63,049,000
Unlevered Free Cash Flow 143,793,776
Current Assets 875,810,000
Current Cash 102,701,000
Current Liabilities 513,126,000
Current Debt 20,031,000
Non-Cash Working Capital (NCWC) 280,014,000
Change in NCWC 50,018,000
EBIT 213,851,000
Tax Provision -225,596,000
Depreciation and Amortization 106,790,000
Capital Expenditure -79,497,000
Unlevered Free Cash Flow 291,162,000
Current Assets 814,418,000
Current Cash 113,571,000
Current Liabilities 487,445,000
Current Debt 16,594,000
Non-Cash Working Capital (NCWC) 229,996,000
Change in NCWC 1,797,000
EBIT 156,193,000
Tax Provision -5,435,000
Depreciation and Amortization 95,196,000
Capital Expenditure -77,687,000
Unlevered Free Cash Flow 175,499,000

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.