DCF Tool

SITE

SiteOne Landscape Supply Inc – Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
formerly known as john deere landscapes, siteone landscape supply is the largest and only national wholesale distributor of landscaping products in the united states and canada. we have a long history of serving residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. through our network of over 460 branches across 44 states and five provinces, we offer a comprehensive selection of more than 90,000 products including irrigation supplies, fertilizer and control products, nursery goods, hardscapes, landscape lighting, drainage and erosion control products, tools, and other landscaping accessories and supplies. with a world-class team of over 2,700 industry experts, we also provide industry- leading complementary services and business assistance to support our product offering and to help our customers operate and grow their businesses; all tailored to meet each customer’s specif
Analysis Results
Intrinsic Value $120.58
Latest Price $175.00
Relative Value 45% overvalued
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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 11.5%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 10.6%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 11.5%, 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)
2024 372 336
2025 414 339
2026 462 342
2027 515 344
2028 574 347
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 6830 million. This corresponds to a present value of 3730 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 1710 million. Adding in the terminal value gives a total present value of 5440 million.

There are presently 45.1 million outstanding shares, so the intrinsic value per share is 120.58.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,405,300,000
Current Cash 82,500,000
Current Liabilities 578,300,000
Current Debt 27,100,000
Non-Cash Working Capital (NCWC) 771,600,000
Change in NCWC 22,400,000
EBIT 234,600,000
Tax Provision 49,800,000
Depreciation and Amortization 127,700,000
Capital Expenditure -36,000,000
Unlevered Free Cash Flow 296,356,451
Current Assets 1,319,300,000
Current Cash 29,100,000
Current Liabilities 559,800,000
Current Debt 18,800,000
Non-Cash Working Capital (NCWC) 749,200,000
Change in NCWC 172,000,000
EBIT 324,500,000
Tax Provision 67,700,000
Depreciation and Amortization 103,800,000
Capital Expenditure -41,700,000
Unlevered Free Cash Flow 488,435,036
Current Assets 1,128,800,000
Current Cash 53,700,000
Current Liabilities 512,900,000
Current Debt 15,000,000
Non-Cash Working Capital (NCWC) 577,200,000
Change in NCWC 137,400,000
EBIT 312,000,000
Tax Provision 56,100,000
Depreciation and Amortization 83,000,000
Capital Expenditure -37,000,000
Unlevered Free Cash Flow 435,966,383
Current Assets 851,600,000
Current Cash 55,200,000
Current Liabilities 368,600,000
Current Debt 12,000,000
Non-Cash Working Capital (NCWC) 439,800,000
Change in NCWC -7,400,000
EBIT 173,100,000
Tax Provision 27,500,000
Depreciation and Amortization 67,200,000
Capital Expenditure -7,200,000
Unlevered Free Cash Flow 193,709,072
Current Assets 765,800,000
Current Cash 19,000,000
Current Liabilities 310,800,000
Current Debt 11,200,000
Non-Cash Working Capital (NCWC) 447,200,000
Change in NCWC -28,200,000
EBIT 118,900,000
Tax Provision 13,800,000
Depreciation and Amortization 59,500,000
Capital Expenditure -21,400,000
Unlevered Free Cash Flow 110,867,540
Current Assets 765,400,000
Current Cash 17,300,000
Current Liabilities 282,400,000
Current Debt 9,700,000
Non-Cash Working Capital (NCWC) 475,400,000
Change in NCWC 87,600,000
EBIT 99,300,000
Tax Provision 1,300,000
Depreciation and Amortization 52,300,000
Capital Expenditure -19,900,000
Unlevered Free Cash Flow 217,583,377
Current Assets 601,900,000
Current Cash 16,700,000
Current Liabilities 205,800,000
Current Debt 8,400,000
Non-Cash Working Capital (NCWC) 387,800,000
Change in NCWC 92,300,000
EBIT 93,300,000
Tax Provision 18,000,000
Depreciation and Amortization 43,100,000
Capital Expenditure -16,000,000
Unlevered Free Cash Flow 189,567,768

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