ADH 0.28% $1.80 adairs limited

I see that you've taken this year's levered FCF at a 10%...

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    I see that you've taken this year's levered FCF at a 10% discount rate. These are my calculations, based on their 4-year average levered FCF. As you can see, because the levered FCF average over 4 years is negative, I was unable to derive an intrinsic value...

    Perhaps quite conservative, but with the current retail environment and shrinking household disposable income/rising debt, better safe than sorry!

    https://hotcopper.com.au/data/attachments/1484/1484882-2fa54c7d8a3eda99b531244757a7f4f8.jpg

 
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