$51.53
-0.69%Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States and Canada. As of December 31,2021, the company had 2,254 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
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 | $564.5M | $761.7M | $1.0B | $1.4B | $1.9B | $2.5B | $3.4B | $4.6B | $6.2B | $8.4B |
| Maintenance CapEx | -$44.2M | -$59.6M | -$80.4M | -$108.5M | -$146.4M | -$197.5M | -$266.4M | -$359.5M | -$485.0M | -$654.4M |
| Owner Earnings | $520.4M | $702.1M | $947.3M | $1.3B | $1.7B | $2.3B | $3.1B | $4.2B | $5.7B | $7.7B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $481.8M | $601.9M | $752.0M | $939.5M | $1.2B | $1.5B | $1.8B | $2.3B | $2.9B | $3.6B |
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