Intrinsic value of Liberty Tax, Inc. (FRG)

[per Chepakovich valuation model]

other valuations of FRG

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

Previous Close$34.32
Intrinsic Value
Upside potential
Previous Close
$34.32

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, %1524.0NaN
Revenue, $2153NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2076NaN
Operating income, $m76NaN
EBITDA, $m169NaN
Interest expense (income), $mNaN
Earnings before tax, $m-33NaN
Tax expense, $m-58NaN
Net income, $m25NaN

BALANCE SHEET

Cash and short-term investments, $m152NaN
Total assets, $m1838NaN
Adjusted assets (=assets-cash), $m1686NaN
Average production assets, $m549NaN
Working capital, $m26NaN
Total debt, $m574NaN
Total liabilities, $m1452NaN
Total equity, $m385NaN
Debt-to-equity ratio1.490NaN
Adjusted equity ratio0.201NaN

CASH FLOW

Net income, $m25NaN
Depreciation, amort., depletion, $m93NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m241NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-34NaN
Free cash flow, $m275NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m26
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN