Discounted Cash Flow (DCF) Analysis Levered
Continental Resources, Inc. (CLR)
$74.27
+0.03 (+0.04%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 4,709.59 | 4,631.95 | 2,586.47 | 5,719.32 | 9,473.71 | 12,812.24 | 17,327.26 | 23,433.38 | 31,691.28 | 42,859.27 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 3,456.01 | 3,115.69 | 1,422.30 | 3,973.85 | 7,039.69 | 8,697.63 | 11,762.67 | 15,907.82 | 21,513.73 | 29,095.16 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2,914.63 | -2,860.69 | -1,514.14 | -4,997.59 | -6,384.54 | -8,634.44 | -11,677.22 | -15,792.26 | -21,357.44 | -28,883.79 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 541.38 | 255 | -91.83 | -1,023.73 | 655.15 | 63.19 | 85.45 | 115.56 | 156.29 | 211.37 |
Weighted Average Cost Of Capital
| Share price | $ 74.27 |
|---|---|
| Beta | 2.333 |
| Diluted Shares Outstanding | - |
| Cost of Debt | |
| Tax Rate | -20.14 |
| After-tax Cost of Debt | -3.65% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 15.585 |
| Total Debt | 8,233.78 |
| Total Equity | - |
| Total Capital | 8,233.78 |
| Debt Weighting | 100.00 |
| Equity Weighting | 0.00 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 4,709.59 | 4,631.95 | 2,586.47 | 5,719.32 | 9,473.71 | 12,812.24 | 17,327.26 | 23,433.38 | 31,691.28 | 42,859.27 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3,456.01 | 3,115.69 | 1,422.30 | 3,973.85 | 7,039.69 | 8,697.63 | 11,762.67 | 15,907.82 | 21,513.73 | 29,095.16 |
| Capital Expenditure | -2,914.63 | -2,860.69 | -1,514.14 | -4,997.59 | -6,384.54 | -8,634.44 | -11,677.22 | -15,792.26 | -21,357.44 | -28,883.79 |
| Free Cash Flow | 541.38 | 255 | -91.83 | -1,023.73 | 655.15 | 63.19 | 85.45 | 115.56 | 156.29 | 211.37 |
| WACC | ||||||||||
| PV LFCF | 65.58 | 92.05 | 129.20 | 181.35 | 254.55 | |||||
| SUM PV LFCF | 722.73 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | -3.65 |
| Free cash flow (t + 1) | 215.59 |
| Terminal Value | -3,815.81 |
| Present Value of Terminal Value | -4,595.45 |
Intrinsic Value
| Enterprise Value | -3,872.72 |
|---|---|
| Net Debt | 8,095.99 |
| Equity Value | -11,968.71 |
| Shares Outstanding | - |
| Equity Value Per Share | -Infinity |