Intrinsic value of Discover Financial Services (DFS)

[per Chepakovich valuation model]

other valuations of DFS

[per Chepakovich valuation model]  See other valuations of DFS stock

Previous Close$123.01
Intrinsic Value
Upside potential
Previous Close
$123.01

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2021-03-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-7.4NaN
Revenue, $12953NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m11518NaN
Operating income, $m1435NaN
EBITDA, $m1600NaN
Interest expense (income), $mNaN
Earnings before tax, $m1398NaN
Tax expense, $m294NaN
Net income, $m1104NaN

BALANCE SHEET

Cash and short-term investments, $m13589NaN
Total assets, $m112889NaN
Adjusted assets (=assets-cash), $m99300NaN
Average production assets, $m1422NaN
Working capital, $m15048NaN
Total debt, $m21241NaN
Total liabilities, $m102005NaN
Total equity, $m10884NaN
Debt-to-equity ratio1.952NaN
Adjusted equity ratio-0.027NaN

CASH FLOW

Net income, $m1104NaN
Depreciation, amort., depletion, $m165NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m6196NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-261NaN
Free cash flow, $m6457NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m15048
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN