Discounted Cash Flow (DCF) Analysis Levered

Continental Resources, Inc. (CLR)

$74.27

+0.03 (+0.04%)
All numbers are in Millions, Currency in USD
Stock DCF: -Infinity | 74.27 | overvalue

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 4,709.594,631.952,586.475,719.329,473.7112,812.2417,327.2623,433.3831,691.2842,859.27
Revenue (%)
Operating Cash Flow 3,456.013,115.691,422.303,973.857,039.698,697.6311,762.6715,907.8221,513.7329,095.16
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 541.38255-91.83-1,023.73655.1563.1985.45115.56156.29211.37

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 15.554
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 4,709.594,631.952,586.475,719.329,473.7112,812.2417,327.2623,433.3831,691.2842,859.27
Operating Cash Flow 3,456.013,115.691,422.303,973.857,039.698,697.6311,762.6715,907.8221,513.7329,095.16
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 541.38255-91.83-1,023.73655.1563.1985.45115.56156.29211.37
WACC
PV LFCF 65.5892.05129.20181.35254.55
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