Stock Analysis on Net

Williams-Sonoma Inc. (NYSE:WSM)

This company has been moved to the archive! The financial data has not been updated since May 24, 2024.

Enterprise Value to FCFF (EV/FCFF)

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Free Cash Flow to The Firm (FCFF)

Williams-Sonoma Inc., FCFF calculation

US$ in thousands

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12 months ended: Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020 Feb 3, 2019
Net earnings 949,762 1,127,904 1,126,337 680,714 356,062 333,684
Net noncash charges 562,618 534,725 507,771 491,465 459,190 255,680
Changes in operating assets and liabilities 167,893 (609,807) (262,961) 102,669 (207,958) (3,378)
Net cash provided by operating activities 1,680,273 1,052,822 1,371,147 1,274,848 607,294 585,986
Cash paid during the year for interest, net of tax1 624 593 2,398 13,961 9,879 8,876
Purchases of property and equipment (188,458) (354,117) (226,517) (169,513) (186,276) (190,102)
Free cash flow to the firm (FCFF) 1,492,439 699,298 1,147,028 1,119,296 430,897 404,760

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Williams-Sonoma Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Williams-Sonoma Inc. FCFF decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Interest Paid, Net of Tax

Williams-Sonoma Inc., interest paid, net of tax calculation

US$ in thousands

Microsoft Excel
12 months ended: Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020 Feb 3, 2019
Effective Income Tax Rate (EITR)
EITR1 25.40% 24.80% 22.40% 23.90% 22.10% 22.30%
Interest Paid, Net of Tax
Cash paid during the year for interest, before tax 837 788 3,090 18,346 12,682 11,424
Less: Cash paid during the year for interest, tax2 213 195 692 4,385 2,803 2,548
Cash paid during the year for interest, net of tax 624 593 2,398 13,961 9,879 8,876

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

1 See details »

2 2024 Calculation
Cash paid during the year for interest, tax = Cash paid during the year for interest × EITR
= 837 × 25.40% = 213


Enterprise Value to FCFF Ratio, Current

Williams-Sonoma Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 17,246,502
Free cash flow to the firm (FCFF) 1,492,439
Valuation Ratio
EV/FCFF 11.56
Benchmarks
EV/FCFF, Competitors1
Amazon.com Inc. 56.07
Home Depot Inc. 22.48
Lowe’s Cos. Inc. 25.13
TJX Cos. Inc. 29.04
EV/FCFF, Sector
Consumer Discretionary Distribution & Retail 47.55
EV/FCFF, Industry
Consumer Discretionary 38.95

Based on: 10-K (reporting date: 2024-01-28).

1 Click competitor name to see calculations.

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.


Enterprise Value to FCFF Ratio, Historical

Williams-Sonoma Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020 Feb 3, 2019
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 17,654,317 7,427,720 9,779,733 13,118,520 3,113,818 4,624,223
Free cash flow to the firm (FCFF)2 1,492,439 699,298 1,147,028 1,119,296 430,897 404,760
Valuation Ratio
EV/FCFF3 11.83 10.62 8.53 11.72 7.23 11.42
Benchmarks
EV/FCFF, Competitors4
Amazon.com Inc. 45.92 78.83 74.39
Home Depot Inc. 21.94 27.17 25.12 20.22 19.11 21.30
Lowe’s Cos. Inc. 24.69 19.56 19.56 14.88 20.95 18.88
TJX Cos. Inc. 24.44 31.93 33.03 18.30 19.08 21.16
EV/FCFF, Sector
Consumer Discretionary Distribution & Retail 38.32 111.04 130.00 51.35 42.44
EV/FCFF, Industry
Consumer Discretionary 32.71 50.20 59.78 45.72 30.57

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

1 See details »

2 See details »

3 2024 Calculation
EV/FCFF = EV ÷ FCFF
= 17,654,317 ÷ 1,492,439 = 11.83

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. Williams-Sonoma Inc. EV/FCFF ratio increased from 2022 to 2023 and from 2023 to 2024.