| Myer’s DCF Model (5 years forecast) |
| Y1 | Y2 | Y3 | Y4 | Y5 |
| Year | 2017 ($m) | 2018 ($m) | 2019 ($m) | 2020 ($m) | 2021 ($m) | 2022 ($m) |
| Free cash flow | $77.00 | $65.43 | $56.72 | $50.18 | $46.89 | $45.52 |
| Growth rate |
| −15.035 | −13.31% | −11.535 | −6.56% | −2.92% |
| Discount rate (1.0809)t |
| 108.09% | 116.83% | 126.29% | 136.5% | 147.55% |
| PV of CF |
| $60.53 | $48.5461 | $39.7331 | $34.3496 | $30.8493 |
| Total PV to 2022 | $214.0081 |
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| CV |
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| $401.35 |
| Present value of CV | $272.01 |
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| Enterprise value | $486.02 |
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| Book value of net debt | $113 |
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| Value of equity | $373.0195 |
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| Share outstandings | 821.267587 |
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| Value per share | $0.4542 |
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