Discounted Cash Flow

Tokyo Lifestyle Co., Ltd. ADR

TKLF · Based on 10 years of SEC filings · Converted from JPY to USD (9 ordinary shares per ADR)

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⚠ Cash flow predictability 28/100 (unstable) — FCF YoY std dev 83%, net income 67% (full history)

▲ Accelerating sales growth

Sales growth has accelerated: 15.3% (2024) → 7.4% (2025) → 77.6% (2026). Revenue growth has been accelerating in recent years and is now 77.6% — rapidly accelerating growth may be difficult to sustain at this pace, or the DCF (based on historical averages) may understate future momentum.

Average annual growth rates

Metric	10-Year	5-Year	3-Year
Sales	—	—	—
Free Cash Flow	—	—	—
Average (FCF & NI)	—	—	—
Net Income	—	—	—
Dividends	—	—	—

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric	10-Year	5-Year	3-Year
Sales	—	—	—
Free Cash Flow	—	—	—
Average (FCF & NI)	—	—	—
Net Income	—	—	—

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

—

Free cash flow growth —

10-year: — 5-year: — 3-year: —

Averaged growth (FCF & NI) —

10-year: — 5-year: — 3-year: —

Net income growth —

10-year: — 5-year: — 3-year: —

Sales growth (not added to calculations) —

10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

Or enter your own rate

Inflation rate (used with B/E only)

Historical inputs (10 fiscal years)

YEAR	Sales	Net Income	Free Cash Flow	Net Margin	EPS (diluted)
2020	$905.8k	$31.7k	$-53.1k	3.5%	$0.18
2021	$1.4m (58.7%)	$35.8k (12.9%)	$-22.8k (56.9%)	2.5% (-28.9%)	$0.21 (16.7%)
2022	$1.5m (3.1%)	$21.2k (-40.7%)	$-98.0k (-328.7%)	1.4% (-42.5%)	$0.10 (-52.4%)
2023	$1.1m (-25.7%)	$-52.2k (-345.9%)	$-173.1k (-76.7%)	-4.7% (-431.0%)	$-0.22 (-320.0%)
2024	$1.3m (15.3%)	$48.5k (192.9%)	$6.4k (103.7%)	3.8% (180.6%)	$0.20 (190.9%)
2025	$1.4m (7.4%)	$43.1k (-11.2%)	$-10.3k (-261.9%)	3.2% (-17.3%)	$0.16 (-20.0%)
2026	$2.4m (77.6%)	$4.7k (-89.2%)	$-68.9k (-567.1%)	0.2% (-93.9%)	$0.06 (-60.9%)

Base FCF: — (latest fiscal year)

Discount rate: %

Terminal growth: —

Projection period: — years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in JPY. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year	Projected cash flow	Discount Factor	Present Value

PV of projected FCF: —

Terminal FCF: —

Terminal value: —

PV of terminal value: —

Enterprise value (DCF): —

Current price: —

Alternative DCF Models

Model	Fair Value	Upside	PV(FCFs)	PV(Terminal)	Total Years
Standard (10yr→TV) ⓘ	—	—	—	—	10 + TV
Alt A (Gradual Decline) ⓘ	—	—	—	—	—
Alt B (30yr Hard Stop) ⓘ	—	—	—	N/A	—

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model