$17.04
-2.0%Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Shoe Carnival banner; and 21 locations across the Southeast under the Shoe Station banner. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $35.7M | $17.8M | $8.9M | $4.5M | $2.2M | $1.1M | $557.0K | $278.5K | $139.3K | $69.6K |
| Maintenance CapEx | -$4.5M | -$2.2M | -$1.1M | -$559.0K | -$279.5K | -$139.7K | -$69.9K | -$34.9K | -$17.5K | -$8.7K |
| Owner Earnings | $31.2M | $15.6M | $7.8M | $3.9M | $1.9M | $974.3K | $487.2K | $243.6K | $121.8K | $60.9K |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $28.9M | $13.4M | $6.2M | $2.9M | $1.3M | $614.0K | $284.3K | $131.6K | $60.9K | $28.2K |
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