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Thursday 12 November 2026 Export DG’s income statement to Excel — free account

Dollar General Corporation

DG

Consumer Defensive Discount Stores

Dollar General Corporation’s revenue for fiscal 2026 (year ended January 2026) was $42.7 billion, up 5.20% from fiscal 2025.

Revenue
+5.24%
EPS
+33.2%
Free cash flow
−34.0%
Total debt
−20.4%

Quarter to July 2026, against a year earlier

134.78 2.66 −1.94%
Market cap
$30.3B
P/E
17.4×
Fwd P/E
16.9×
Dividend yield
1.75%
F-score
7/9
ROIC
12.4%
Net debt / EBITDA
1.1×
Dividend safety
86/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Dollar General Corporation (DG) valuation and DCF model

What the price implies · reverse DCF

At $134.78 the price implies free cash flow after share-based pay growing 3.6% a year for ten years.

Free cash flow after share-based pay grew 8.6% a year over the last ten years, −3.3% over the last five. The price asks for less than its ten-year rate. The industry’s median company is priced for 11.6%.

In January 2017 the price assumed 6.3% a year; Dollar General Corporation went on to grow free cash flow after share-based pay 9.5% a year to FY2026.

Price implies
3.6%
Last 5 years, reported
−3.3%
Last 10 years, reported
8.6%
Industry median implies
11.6%

The headline discounts the last twelve months’ free cash flow after share-based pay at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
3.6% a year for ten years
$134.78
today’s price
Its base case
8.6% a year for five years, then 5.2%
$180.26
33.7% above today’s price

Both are growth in free cash flow after share-based pay, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Dollar General Corporation’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Cash flow to equity
the four quarters to July 2026, from the 10-Q and 10-K filings, before share-based pay

Yearly growth in cash flow. It usually slows as the company matures.

Today’s price implies free cash flow after share-based pay growing 3.6% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

Diluted shares outstanding. Net debt, under Advanced inputs, is taken off before dividing.

Advanced inputs
Free cash flow Revenue and margin
negative is net cash
new shares the cash flow does not pay for

Against Dollar General Corporation’s own cost of capital: risk-free 4.3% + beta 0.18 × equity premium 4.5% = 5.1% cost of equity; weighted, 5.1%.

Use 5.1%
Equity value $39.87b ▲ above market cap $29.81b
Base case value per share $180.26 equity value ÷ 221.21m shares
Current price $134.78 market price per share
Above today’s price 33.7% upside at the base case’s assumptions

How we got there$17.97b 10 years of cash to equity+$24.88b terminal value−$2.98b net debt=$39.87b equity value÷221.21m shares=$180.26 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Discount Stores).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 17.44× 18.29× 19.03× 8% below 22.57× 23% below
P/FCF 14.75× 40.25× 31.82× 54% below 31.73× 54% below
P/B 3.20× 4.56× 5.30× 40% below 6.40× 50% below
EV/EBITDA 9.28× 10.71× 12.10× 23% below 13.46× 31% below
EV/Sales 0.75× 0.92× 1.19× 37% below 1.12× 33% below
P/E P/FCF P/B EV/EBITDA EV/Sales
14.21×17.04×19.87×22.70×10Y avg 19.03×2018201920202021202220232024202520262026

DG trades at 17.44× P/E, against a 10-year average of 19.03× (range 13.91×–22.97×). That is cheaper than 78% of the last 9 year-end readings; re-rating to the average implies $147.07 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.