Lakeland Industries, Inc. manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. The company was founded in 1982 and is based in Ronkonkoma, New York.
LAKE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Lakeland Industries Inc. To summarize, we found that Lakeland Industries Inc ranked in the 69th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 175.33% on a DCF basis. The most interesting components of our discounted cash flow analysis for Lakeland Industries Inc ended up being:
LAKE's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 54.7% of tickers in our DCF set.
Relative to other stocks in its sector (Consumer Cyclical), Lakeland Industries Inc has a reliance on debt greater than only 2.65% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Lakeland ([[LAKE]] +1.1%) announced a $12.5M new credit facility with Bank of America.The new facility of $12.5M includes a $5M letter of credit sub-facility, an option to convert up to $5M into a term loan facility and an increase in the revolving commitment of up to $5M.This makes a total commitment of...
DECATUR, AL / ACCESSWIRE / July 1, 2020 / Lakeland Industries, Inc. (LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and to first responders on the federal, state and local levels, today announced that it has established a new credit facility with Bank of America. The new facility consists of a senior secured $12.5 million revolving credit facility, which includes a $5 million letter of credit sub-facility and an option to convert up to $5 million of the revolving credit facility into a term loan facility. The facility also includes an accordion feature under which the Company may request from time to time an increase in the revolving commitment of up to $5 million (for a total commitment of up to $17.5 million).