DCF Tool

WMK

Weis Markets, Inc. – Supermarkets and Other Grocery (except Convenience) Stores
weis markets is a large regional grocery chain headquartered in sunbury, pa. the more than 160 stores are located in 5 states - pa, md, nj, ny and wv. the company maintains a 1.1 million square foot warehouse facility in milton, pa. our 18,000+ employees come from across the world and diverse backgrounds, ready to serve the millions of customers who annually frequent our stores.
Analysis Results
Intrinsic Value $103.51
Latest Price $61.98
Relative Value 40% 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 16.6%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 6.8%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 16.6%, 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 87.5 81.9
2024 102 89.4
2025 119 97.6
2026 139 106
2027 162 116
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 3410 million. This corresponds to a present value of 2290 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 492 million. Adding in the terminal value gives a total present value of 2780 million.

There are presently 26.9 million outstanding shares, so the intrinsic value per share is 103.51.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 741,170,000
Current Cash 344,416,000
Current Liabilities 345,351,000
Current Debt 0
Non-Cash Working Capital (NCWC) 51,403,000
Change in NCWC 16,734,000
EBIT 157,052,000
Tax Provision 35,581,000
Depreciation and Amortization 104,026,000
Capital Expenditure -122,988,000
Unlevered Free Cash Flow 120,067,366
Current Assets 671,658,000
Current Cash 291,792,000
Current Liabilities 345,197,000
Current Debt 0
Non-Cash Working Capital (NCWC) 34,669,000
Change in NCWC 3,203,000
EBIT 146,711,000
Tax Provision 39,458,000
Depreciation and Amortization 102,804,000
Capital Expenditure -152,008,000
Unlevered Free Cash Flow 61,676,625
Current Assets 626,202,000
Current Cash 248,467,000
Current Liabilities 346,269,000
Current Debt 0
Non-Cash Working Capital (NCWC) 31,466,000
Change in NCWC -54,479,000
EBIT 163,178,000
Tax Provision 44,762,000
Depreciation and Amortization 99,370,000
Capital Expenditure -131,118,000
Unlevered Free Cash Flow 32,326,010
Current Assets 508,292,000
Current Cash 130,409,000
Current Liabilities 291,938,000
Current Debt 0
Non-Cash Working Capital (NCWC) 85,945,000
Change in NCWC -23,858,000
EBIT 84,639,000
Tax Provision 20,661,000
Depreciation and Amortization 93,706,000
Capital Expenditure -102,945,000
Unlevered Free Cash Flow 31,814,478
Current Assets 469,122,000
Current Cash 92,106,000
Current Liabilities 267,213,000
Current Debt 0
Non-Cash Working Capital (NCWC) 109,803,000
Change in NCWC -14,199,000
EBIT 83,590,000
Tax Provision 19,398,000
Depreciation and Amortization 93,567,000
Capital Expenditure -99,236,000
Unlevered Free Cash Flow 43,980,609
Current Assets 483,314,000
Current Cash 84,970,000
Current Liabilities 274,342,000
Current Debt 0
Non-Cash Working Capital (NCWC) 124,002,000
Change in NCWC -1,874,000
EBIT 76,425,000
Tax Provision -19,391,000
Depreciation and Amortization 85,415,000
Capital Expenditure -99,422,000
Unlevered Free Cash Flow 60,544,000
Current Assets 483,866,000
Current Cash 81,824,000
Current Liabilities 276,166,000
Current Debt 0
Non-Cash Working Capital (NCWC) 125,876,000
Change in NCWC 2,379,000
EBIT 98,325,000
Tax Provision 37,499,000
Depreciation and Amortization 76,862,000
Capital Expenditure -144,712,000
Unlevered Free Cash Flow 3,277,073
Current Assets 454,650,000
Current Cash 109,225,000
Current Liabilities 221,928,000
Current Debt 0
Non-Cash Working Capital (NCWC) 123,497,000
Change in NCWC -3,334,000
EBIT 90,779,000
Tax Provision 33,001,000
Depreciation and Amortization 70,114,000
Capital Expenditure -90,210,000
Unlevered Free Cash Flow 34,902,716
Current Assets 434,393,000
Current Cash 96,945,000
Current Liabilities 210,617,000
Current Debt 0
Non-Cash Working Capital (NCWC) 126,831,000
Change in NCWC -3,639,000
EBIT 82,711,000
Tax Provision 29,831,000
Depreciation and Amortization 66,869,000
Capital Expenditure -79,177,000
Unlevered Free Cash Flow 37,735,648
Current Assets 404,748,000
Current Cash 81,058,000
Current Liabilities 193,220,000
Current Debt 0
Non-Cash Working Capital (NCWC) 130,470,000
Change in NCWC 4,662,000
EBIT 111,182,000
Tax Provision 44,145,000
Depreciation and Amortization 58,275,000
Capital Expenditure -128,992,000
Unlevered Free Cash Flow 2,766,606
Current Assets 413,157,000
Current Cash 103,940,000
Current Liabilities 183,409,000
Current Debt 0
Non-Cash Working Capital (NCWC) 125,808,000
Change in NCWC 32,589,000
EBIT 127,032,000
Tax Provision 48,403,000
Depreciation and Amortization 50,651,000
Capital Expenditure -110,213,000
Unlevered Free Cash Flow 53,091,296

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