The Discounted Cash Flow (DCF) valuation of Daily Mail and General Trust P L C (DMGT.L) is 236.63 GBP. With the latest stock price at 270.00 GBP, the upside of Daily Mail and General Trust P L C based on DCF is -12.4%.

Is DMGT.L a buy or a sell?

Based on the latest price of 270.00 GBP and our DCF valuation, Daily Mail and General Trust P L C (DMGT.L) is a sell. Selling DMGT.L stocks now will result in a potential gain of 12.4%.

	Range	Selected
WACC / Discount Rate	6.9% - 8.7%	7.8%
Long-term Growth Rate	2.5% - 4.5%	3.5%
Fair Price	221.45 - 275.96	236.63
Upside	-18.0% - 2.2%	-12.4%

270.00 GBP

Stock Price

236.63 GBP

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

DMGT.L DCF Valuation: Revenue & Expenses Forecast

(GBP in millions)		Projections

	09-2021	09-2022	09-2023	09-2024	09-2025	09-2026

Revenue	885	1,180	1,217	1,249	1,314	1,352
% Growth	26%	33%	3%	3%	5%	3%

Cost of goods sold	(287)	(383)	(395)	(405)	(427)	(439)
% of Revenue	32%	32%	32%	32%	32%	32%

Selling, G&A expenses	(397)	(529)	(546)	(560)	(589)	(606)
% of Revenue	45%	45%	45%	45%	45%	45%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(203)	(271)	(279)	(287)	(302)	(310)
% of Revenue	23%	23%	23%	23%	23%	23%

Tax expense	62	0	1	1	1	1
Tax rate	-2592%	15%	15%	15%	15%	15%

Net profit	60	(3)	(3)	(3)	(3)	(3)
% Margin	7%	0%	0%	0%	0%	0%