What is GES's DCF valuation?

Guess? Inc (GES) DCF Valuation Analysis

Executive Summary

As of April 3, 2026, Guess? Inc has a Discounted Cash Flow (DCF) derived fair value of $33.69 per share. With the current market price at $16.81, this represents a potential upside of 100.4%.

Key Metrics Value
DCF Fair Value (5-year) $31.20
DCF Fair Value (10-year) $33.69
Potential Upside (5-year) 85.6%
Potential Upside (10-year) 100.4%
Discount Rate (WACC) 6.0% - 9.5%

Financial Performance & Projections

Revenue Trends

Revenue is projected to grow from $2995 million in 02-2025 to $4226 million by 02-2035, representing a compound annual growth rate of approximately 3.5%.

Fiscal Year Revenue (USD millions) Growth
02-2025 2995 8%
02-2026 3216 7%
02-2027 3319 3%
02-2028 3397 2%
02-2029 3465 2%
02-2030 3535 2%
02-2031 3699 5%
02-2032 3817 3%
02-2033 3998 5%
02-2034 4143 4%
02-2035 4226 2%

Profitability Projections

Net profit margin is expected to improve from 2% in 02-2025 to 2% by 02-2035, driven by operational efficiency and economies of scale.

Fiscal Year Net Profit (USD millions) Profit Margin
02-2025 71 2%
02-2026 76 2%
02-2027 78 2%
02-2028 80 2%
02-2029 82 2%
02-2030 84 2%
02-2031 87 2%
02-2032 90 2%
02-2033 94 2%
02-2034 98 2%
02-2035 100 2%

DCF Model Components

1. Capital Expenditures (CapEx)

with a 5-year average of $66 million. Projected CapEx is expected to maintain at approximately 2% of revenue.

2. Depreciation & Amortization

Depreciation is based on an average useful life of 5 years for capital assets.

Fiscal Year D&A (USD millions)
02-2026 79
02-2027 82
02-2028 81
02-2029 83
02-2030 84
02-2031 86

3. Working Capital Requirements

Net working capital is expected to increase gradually, with projected changes affecting free cash flow.

Components Average Days
Days Receivables 41
Days Inventory 117
Days Payables 67

4. Free Cash Flow Projections

Fiscal Year EBITDA Tax CapEx Change in NWC FCF
6M/2026 123 5 40 9 69
2027 255 11 82 16 146
2028 258 11 84 26 137
2029 263 11 85 6 160
2030 267 11 87 14 155

DCF Valuation Parameters

Key Assumptions

  • Discount Rate (WACC): WACC / Discount Rate (selected: 6.0% - 9.5%)
  • Long-Term Growth Rate: Long-term Growth Rate (selected: 0.0% - 1.0%)
  • Terminal EV/EBITDA Multiple: 5.5x (based on peer average)

Valuation Summary

Valuation Method Fair Price (USD) Potential Upside
5-Year DCF (Growth) 31.20 85.6%
10-Year DCF (Growth) 33.69 100.4%
5-Year DCF (EBITDA) 22.32 32.8%
10-Year DCF (EBITDA) 27.69 64.7%

Enterprise Value Breakdown

  • 5-Year Model: $2,061M
  • 10-Year Model: $2,191M

Investment Conclusion

Is Guess? Inc (GES) a buy or a sell? Guess? Inc is definitely a buy. Based on our DCF analysis, Guess? Inc (GES) appears to be significantly undervalued with upside potential of 100.4%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.

Key investment drivers include:

  • Steady revenue growth (3.5% CAGR)

Investors should consider a strong buy at the current market price of $16.81.