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L Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The last earnings update was 71 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
L Brands (LB) | 1.1% | 3.7% | -23.1% | -45% | -66.5% | -48.9% |
US Specialty Retail | 1.5% | 4.1% | -2.9% | 12.5% | 31.4% | 41.3% |
US Market | 0.5% | 6.3% | 1.9% | 2% | 45.1% | 40.5% |
Is L Brands undervalued based on future cash flows and its price relative to the stock market?
Below are the data sources, inputs and calculation used to determine the intrinsic value for L Brands.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Average of 23 Analyst Estimates (S&P Global) | See below |
Discount Rate (Cost of Equity) | See below | 12.9% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
Equity Risk Premium | S&P Global | 7.3% |
Specialty Retail Unlevered Beta | Simply Wall St/ S&P Global | 0.87 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.867 (1 + (1- 21%) (77.78%)) |
1.4 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.4 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.4 * 7.27%) |
12.91% |
Discounted Cash Flow Calculation for NYSE:LB using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for L Brands is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (USD, Millions) | 815.35 | 762.95 | 796.20 | 828.00 | 724.00 |
Source | Analyst x10 | Analyst x11 | Analyst x7 | Analyst x3 | Analyst x2 |
Present Value Discounted (@ 12.91%) |
722.13 | 598.45 | 553.13 | 509.45 | 394.53 |
Present value of next 5 years cash flows | $2,777.70 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $724.00 × (1 + 2.73%) ÷ (12.91% – 2.73%) |
$7,306.37 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $7,306.37 ÷ (1 + 12.91%)5 |
$3,981.49 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $2,777.70 + $3,981.49 |
$6,759.19 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $6,759.19 / 275.12 |
$24.57 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $24.57 |
Current discount | Discount to share price of
$27.43
= -1 x ($27.43 - $24.57) / $24.57 |
-11.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-11-03) in USD | $2.76 |
NYSE:LB Share Price ** | NYSE (2019-02-13) in USD | $27.43 |
United States of America Specialty Retail Industry PE Ratio | Median Figure of 65 Publicly-Listed Specialty Retail Companies | 16.23x |
United States of America Market PE Ratio | Median Figure of 3,046 Publicly-Listed Companies | 16.95x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of L Brands.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NYSE:LB Share Price ÷ EPS (both in USD) = 27.43 ÷ 2.76 |
9.93x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 9.93x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts |
3.6%per year |
United States of America Specialty Retail Industry PEG Ratio | Median Figure of 59 Publicly-Listed Specialty Retail Companies | 1.78x |
United States of America Market PEG Ratio | Median Figure of 2,117 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
Calculation | Outcome | |
---|---|---|
PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 9.93x ÷ 3.6% |
2.74x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-11-03) in USD | $-4.78 |
NYSE:LB Share Price * | NYSE (2019-02-13) in USD | $27.43 |
United States of America Specialty Retail Industry PB Ratio | Median Figure of 100 Publicly-Listed Specialty Retail Companies | 1.5x |
United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.81x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NYSE:LB Share Price ÷ Book Value per Share (both in USD) = 27.43 ÷ -4.78 |
-5.74x |
* Primary Listing of L Brands.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
How is L Brands expected to perform in the next 1 to 3 years based on estimates from 23 analysts?
Data Point | Source | Value (per year) |
---|---|---|
NYSE:LB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts | 3.6% |
NYSE:LB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts | 2.7% |
United States of America Specialty Retail Industry Earnings Growth Rate | Market Cap Weighted Average | 10.7% |
United States of America Specialty Retail Industry Revenue Growth Rate | Market Cap Weighted Average | 5.1% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.4% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (3 months ago) | See Below |
Future Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2023-01-31 | 15,304 | 1,578 | 851 | 2 |
2022-01-31 | 14,639 | 1,553 | 807 | 2 |
2021-01-31 | 13,745 | 1,409 | 698 | 13 |
2020-01-31 | 13,367 | 1,374 | 748 | 23 |
2019-01-31 | 13,282 | 1,441 | 700 | 27 |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-11-03 | 13,208 | 1,281 | 768 |
2018-08-04 | 13,050 | 1,397 | 897 |
2018-05-05 | 12,821 | 1,320 | 937 |
2018-02-03 | 12,632 | 1,406 | 983 |
2017-10-28 | 12,298 | 1,717 | 951 |
2017-07-29 | 12,262 | 1,703 | 986 |
2017-04-29 | 12,397 | 2,040 | 1,100 |
2017-01-28 | 12,574 | 1,990 | 1,158 |
2016-10-29 | 12,480 | 2,018 | 1,162 |
2016-07-30 | 12,381 | 2,002 | 1,205 |
2016-04-30 | 12,256 | 1,982 | 1,155 |
2016-01-30 | 12,154 | 2,027 | 1,253 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (3 months ago) | See Below |
Future Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
All data from L Brands Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2023-01-31 | 3.20 | 4.09 | 2.31 | 2.00 |
2022-01-31 | 2.98 | 3.62 | 2.34 | 2.00 |
2021-01-31 | 2.55 | 3.24 | 2.02 | 3.00 |
2020-01-31 | 2.75 | 3.08 | 2.13 | 8.00 |
2019-01-31 | 2.56 | 2.77 | 2.41 | 5.00 |
Date (Data in USD Millions) | EPS * |
---|---|
2018-11-03 | 2.76 |
2018-08-04 | 3.20 |
2018-05-05 | 3.32 |
2018-02-03 | 3.46 |
2017-10-28 | 3.33 |
2017-07-29 | 3.44 |
2017-04-29 | 3.84 |
2017-01-28 | 4.03 |
2016-10-29 | 4.05 |
2016-07-30 | 4.18 |
2016-04-30 | 3.99 |
2016-01-30 | 4.31 |
*GAAP earnings excluding extraordinary items.
How has L Brands performed over the past 5 years?
All data from L Brands Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-11-03 | 13,208.00 | 768.00 | 4,251.00 | |
2018-08-04 | 13,050.00 | 897.00 | 4,139.00 | |
2018-05-05 | 12,821.00 | 937.00 | 4,035.00 | |
2018-02-03 | 12,632.00 | 983.00 | 3,940.00 | |
2017-10-28 | 12,298.00 | 951.00 | 3,811.00 | |
2017-07-29 | 12,262.00 | 986.00 | 3,797.00 | |
2017-04-29 | 12,397.00 | 1,100.00 | 3,774.00 | |
2017-01-28 | 12,574.00 | 1,158.00 | 3,776.00 | |
2016-10-29 | 12,480.00 | 1,162.00 | 3,675.00 | |
2016-07-30 | 12,381.00 | 1,205.00 | 3,625.00 | |
2016-04-30 | 12,256.00 | 1,155.00 | 3,632.00 | |
2016-01-30 | 12,154.00 | 1,253.00 | 3,620.00 | |
2015-10-31 | 11,828.00 | 1,182.00 | 3,544.00 | |
2015-08-01 | 11,665.00 | 1,150.00 | 3,515.00 | |
2015-05-02 | 11,575.00 | 1,135.00 | 3,472.00 | |
2015-01-31 | 11,454.00 | 1,042.00 | 3,434.00 | |
2014-11-01 | 11,203.00 | 967.00 | 3,297.00 | |
2014-08-02 | 11,055.00 | 927.00 | 3,280.00 | |
2014-05-03 | 10,896.00 | 917.00 | 3,243.00 | |
2014-02-01 | 10,773.00 | 903.00 | 3,227.00 | |
2013-11-02 | 10,811.00 | 824.00 | 3,320.00 | |
2013-08-03 | 10,690.00 | 806.00 | 3,312.00 | |
2013-05-04 | 10,573.00 | 771.00 | 3,318.00 | |
2013-02-02 | 10,459.00 | 753.00 | 3,232.00 | |
2012-10-27 | 10,118.00 | 701.00 | 3,025.00 | |
2012-07-28 | 10,242.00 | 722.00 | 2,986.00 | |
2012-04-28 | 10,301.00 | 810.00 | 3,058.00 |
*GAAP earnings excluding extraordinary items.
How is L Brands's financial health and their level of debt?
All data from L Brands Company Filings, last reported 3 months ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-11-03 | -1,312.00 | 5,870.00 | 348.00 |
2018-08-04 | -1,122.00 | 5,777.00 | 843.00 |
2018-05-05 | -969.00 | 5,808.00 | 1,032.00 |
2018-02-03 | -751.00 | 5,794.00 | 1,532.00 |
2017-10-28 | -1,119.00 | 5,785.00 | 735.00 |
2017-07-29 | -912.00 | 5,768.00 | 1,360.00 |
2017-04-29 | -835.00 | 5,746.00 | 1,555.00 |
2017-01-28 | -727.00 | 5,736.00 | 1,939.00 |
2016-10-29 | -1,188.00 | 5,724.00 | 654.00 |
2016-07-30 | -1,129.00 | 5,719.00 | 1,273.00 |
2016-04-30 | -1,086.00 | 5,726.00 | 1,267.00 |
2016-01-30 | -258.00 | 5,721.00 | 2,570.00 |
2015-10-31 | -657.00 | 5,766.00 | 1,321.00 |
2015-08-01 | -647.00 | 4,759.00 | 830.00 |
2015-05-02 | -606.00 | 4,760.00 | 699.00 |
2015-01-31 | 19.00 | 4,722.00 | 1,681.00 |
2014-11-01 | -433.00 | 4,982.00 | 745.00 |
2014-08-02 | -503.00 | 4,998.00 | 1,147.00 |
2014-05-03 | -609.00 | 4,993.00 | 912.00 |
2014-02-01 | -369.00 | 4,989.00 | 1,519.00 |
2013-11-02 | -820.00 | 5,018.00 | 425.00 |
2013-08-03 | -861.00 | 4,518.00 | 551.00 |
2013-05-04 | -994.00 | 4,533.00 | 382.00 |
2013-02-02 | -1,014.00 | 4,536.00 | 773.00 |
2012-10-27 | -515.00 | 4,594.00 | 547.00 |
2012-07-28 | -245.00 | 4,590.00 | 1,193.00 |
2012-04-28 | -131.00 | 4,600.00 | 1,286.00 |
What is L Brands's current dividend yield, its reliability and sustainability?
Purchase L Brands on or before the 'Buy Limit' to receive their next dividend payment.
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
United States of America Specialty Retail Industry Average Dividend Yield | Market Cap Weighted Average of 39 Stocks | 2% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2023-01-31 | 1.40 | 2.00 |
2022-01-31 | 1.33 | 2.00 |
2021-01-31 | 1.21 | 11.00 |
2020-01-31 | 1.20 | 16.00 |
2019-01-31 | 2.40 | 16.00 |
Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2019-02-07 | 1.200 | 4.454 |
2018-11-08 | 2.400 | 8.215 |
2018-08-10 | 2.400 | 8.009 |
2018-05-18 | 2.400 | 6.987 |
2018-02-08 | 2.400 | 6.158 |
2017-11-10 | 2.400 | 4.544 |
2017-08-04 | 2.400 | 5.873 |
2017-05-19 | 2.400 | 4.907 |
2017-02-02 | 2.400 | 4.702 |
2016-11-03 | 4.400 | 6.630 |
2016-08-05 | 4.400 | 6.036 |
2016-05-20 | 4.400 | 6.360 |
2016-02-04 | 4.400 | 5.483 |
2015-11-06 | 4.000 | 4.207 |
2015-05-21 | 4.000 | 4.564 |
2015-02-05 | 4.000 | 4.369 |
2014-11-07 | 1.360 | 1.646 |
2014-08-08 | 1.360 | 2.042 |
2014-05-23 | 1.360 | 2.326 |
2014-02-03 | 1.360 | 2.441 |
2013-11-11 | 1.200 | 2.003 |
2013-08-08 | 4.200 | 7.024 |
2013-05-24 | 5.200 | 10.023 |
2013-02-04 | 5.200 | 11.054 |
2012-11-14 | 4.000 | 8.357 |
2012-05-25 | 4.000 | 8.536 |
2012-01-30 | 4.000 | 8.497 |
2011-11-07 | 3.800 | 9.314 |
2011-08-05 | 1.800 | 4.651 |
2011-05-31 | 1.800 | 4.766 |
2011-01-28 | 0.800 | 2.292 |
2010-11-05 | 0.600 | 1.941 |
2010-08-16 | 0.600 | 2.215 |
2010-05-28 | 0.600 | 2.440 |
2010-02-04 | 0.600 | 2.458 |
2009-11-05 | 0.600 | 3.206 |
2009-08-07 | 0.600 | 3.632 |
2009-05-28 | 0.600 | 4.925 |
2009-02-17 | 0.600 | 6.391 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Leslie H. Wexner, also known as Les, founded L Brands, Inc. in 1963 and has been its Chief Executive Officer since 1963 and Executive Chairman since 1975. Mr. Wexner serves as Chief Executive Officer of LBrands Inc at Victoria's Secret Stores, LLC. Mr. Wexner has been Chief Executive Officer and Executive Director of L Brands, Inc. since 1963 and serves as its President and co-owner at Linden Trust. He serves as Chief Executive Officer of Limited Brands at Bath & Body Works, LLC. He serves as Chairman and Chief Executive Officer at Limited Brands Store Operations, Inc. He is the Founder of New Albany Company LLC. He served as Chairman and Chief Executive Officer of Intimate Brands, Inc. since 1995. He was a Founding Member and the First Chair of The Ohio State University Foundation. He serves as the Chairman of Limited Brands at Bath & Body Works, LLC. Mr. Wexner serves as Chairman of Victoria's Secret Direct, LLC. He served as Chairman of Limited Stores LLC. He served as a Director of Hollinger International Publishing Inc. He served as a Director of Sun-Times Media Group Inc. Mr. Wexner is Member of the American Academy of Arts and Sciences; Member of the Visiting Committee of the Kennedy School of Government at Harvard University; Trustee of the Columbus Jewish Federation and Foundation; Member of the Royal Shakespeare Company International Council; Member of the John Glenn School of Public Affairs; and Chairman of The Columbus Partnership. His areas of community interest include the Wexner Center for the Arts at The Ohio State University; the Wexner Institute for Pediatric Research at Children’s Hospital, Columbus; the Martin Luther King Center for the Performing Arts, Columbus; and the Wexner Heritage Village. Mr. Wexner has a profound interest in the development of tomorrow’s leaders through the works of the Fisher College of Business at The Ohio State University; Harvard University’s Center for Public Leadership; and The Wexner Foundation. Mr. Wexner was inaugurated by Harvard University into the Society of John Harvard Fellows and serves as a visiting lecturer at Harvard’s Kennedy School of Government. Mr. Wexner was a recipient of The Alexis de Tocqueville Society Award of the United Way of America, Woodrow Wilson Award for Citizenship, Ordre des arts et des letters, Knight of the Italian Republic and The American Jewish Committee Herbert H. Lehman Centennial Leadership Award. Mr. Wexner holds a B.S. degree in Business Administration from The Ohio State University and honorary degrees from The Ohio State University; The Hebrew University of Jerusalem; University of Tel Aviv; Hofstra University; Marietta College; Hebrew Union College; The Jewish Theological Seminary of America; Yeshiva University; and Brandeis University.
Average tenure and age of the L Brands management team in years:
Average tenure and age of the L Brands board of directors in years:
Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
---|---|---|---|---|---|---|---|---|---|---|
26. Nov 18 | Sell | Raymond Zimmerman | Individual | 21. Nov 18 | 21. Nov 18 | -6,385 | $28.33 | $-180,877 | ||
26. Nov 18 | Buy | James Bersani | Individual | 06. Jul 18 | 06. Jul 18 | 5,000 | $36.28 | $181,400 | ||
01. Jun 18 | Buy | Donna James | Individual | 25. May 18 | 25. May 18 | 1,000 | $35.29 | $35,292 | ||
23. Mar 18 | Sell | Stuart Burgdoerfer | Individual | 21. Mar 18 | 21. Mar 18 | -17,000 | $39.56 | $-672,520 | ||
15. Mar 18 | Sell | Stuart Burgdoerfer | Individual | 13. Mar 18 | 13. Mar 18 | -33,000 | $42.53 | $-1,403,358 |
by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.
Simply Wall St - – Full articleThis article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at L Brands, Inc.'s (NYSE:LB) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleThis report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Les Wexner's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$8.7b, and pays its CEO total annual compensation worth US$5.7m.
Simply Wall St - – Full articleThis share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently L Brands is able to use capital to create earnings will help us understand your potential return.
Simply Wall St - – Full articleOn the 07 September 2018, L Brands Inc (NYSE:LB) will be paying shareholders an upcoming dividend amount of US$0.60 per share. … 5 checks you should use to assess a dividend stock? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate
Simply Wall St - – Full articleLooking at L Brands Inc's (NYSE:LB) earnings update in May 2018, … with earnings expected to decline by -18.05% in the upcoming year … the past 5-year average growth rate of 5.54%.
Simply Wall St - – Full articleA large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … In the past 10 years L Brands Inc (NYSE:LB) has returned an average of 5.00% per year to investors in the form of dividend payouts. … Let's dig deeper into whether L Brands should have a place in your portfolio.
Simply Wall St - – Full articleThe 11.05x trailing PE given to LB means investors are paying a discount to the US Specialty Retail industry (20.73x PE) for earnings. … But is this multiple truly representative of LB’s value? … A drawback of any conclusion based on a static multiple like trailing PE is that it does not consider fundamental factors such as the company’s outlook or capital structure.
Simply Wall St - – Full articleAccording to my valuation model, L Brands seems to be fairly priced at around 10% above my intrinsic value, which means if you buy L Brands today, you’d be paying a relatively fair price for it. … And if you believe that the stock is really worth $30.88, there’s only an insignificant downside when the price falls to its real value. … The stock appears to be trading at fair value, which means there’s less benefit from mispricing.
Simply Wall St - – Full article5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $790.30 $898.90 $851.92 $882.24 $883.00 Source Analyst x12 Analyst x12 Analyst x11 Analyst x5 Analyst x3 Present Value Discounted @ 11.99% $705.66 $716.67 $606.47 $560.79 $501.16 Present Value of 5-year Cash Flow (PVCF)= $3,091 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $883 × (1 + 2.5%) ÷ (12% – 2.5%) = $9,500 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $9,500 / ( 1 + 12%)5 = $5,392 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is $8,482. … NYSE:LB Intrinsic Value May 12th 18 Important assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full article
L Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria’s Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its products include loungewear, bras, panties, athletic attire, shower gels and lotions, aromatherapy, body care, soaps and sanitizers, handbags, jewelry, and personal care accessories. The company offers its products under the Victoria’s Secret, PINK, Bath & Body Works, La Senza, Henri Bendel, C.O. Bigelow, White Barn, and other brand names. L Brands, Inc. sells its merchandise through company-owned specialty retail stores, which are primarily mall-based; through its Websites comprising VictoriasSecret.com, BathandBodyWorks.com, HenriBendel.com, and LaSenza.com; and through franchises, licenses, and wholesale partners. As of September 13, 2018, the company operated 3,084 company-owned specialty stores in the United States, Canada, the United Kingdom, Ireland, and Greater China, as well as sold its brands through approximately 800 franchised locations and online worldwide. The company was formerly known as Limited Brands, Inc. and changed its name to L Brands, Inc. in March 2013. L Brands, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.
Name: | L Brands, Inc. |
LB | |
Exchange: | NYSE |
Founded: | 1963 |
$7,546,678,557 | |
275,124,993 | |
Website: | http://www.lb.com |
Address: |
L Brands, Inc. Three Limited Parkway, Columbus, Ohio, 43230, United States |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NYSE | LB | Common Stock | New York Stock Exchange | US | USD | 09. Feb 1973 | |
DB | LTD | Common Stock | Deutsche Boerse AG | DE | EUR | 09. Feb 1973 | |
LSE | 0JSC | Common Stock | London Stock Exchange | GB | USD | 09. Feb 1973 | |
BMV | LB * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 09. Feb 1973 | |
BOVESPA | LBRN34 | BDR REPR 1/4 COM USD0.50 | Bolsa de Valores de Sao Paulo | BR | BRL | 27. Jul 2015 |
Apparel Retail | |
Retail |
Area | Date (UTC time) |
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Company Analysis updated: | 2019/02/13 23:44 |
End of day share price update: | 2019/02/13 00:00 |
Last estimates confirmation: | 2019/02/08 |
Last earnings filing: | 2018/12/04 |
Last earnings reported: | 2018/11/03 |
Last annual earnings reported: | 2018/02/03 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.