Observational Notes on Francesca's Holding Corp.

Journal Entry: 13 Sept 2013

Francesca's Holding Corp. Capitalization Rate
in millions except shares outstanding

Closing price: $19.74

Shares Outstanding: 44,090,538
Market value of equity: $870.35 M
Debt: $65.00 M unused revolving credit facility
Cash & Equivalents: $39.55 M
Enterprise Value: $895.80

EBITDA less CapEx: $71.64 M

Pre-tax Cap Rate: 8.00%

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