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 | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 3,120.83 | 4,709.59 | 4,631.95 | 2,586.47 | 5,719.32 | 7,524.11 | 9,898.41 | 13,021.95 | 17,131.16 | 22,537.07 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 2,079.11 | 3,456.01 | 3,115.69 | 1,422.30 | 3,973.85 | 4,992.08 | 6,567.38 | 8,639.79 | 11,366.16 | 14,952.86 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -1,953.20 | -2,914.63 | -2,860.69 | -1,514.14 | -4,997.59 | -4,998.33 | -6,575.60 | -8,650.60 | -11,380.38 | -14,971.58 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 125.91 | 541.38 | 255 | -91.83 | -1,023.73 | -6.25 | -8.22 | -10.81 | -14.23 | -18.72 |
Weighted Average Cost Of Capital
Share price | $ 74.27 |
---|---|
Beta | 2.333 |
Diluted Shares Outstanding | 364.45 |
Cost of Debt | |
Tax Rate | 24.02 |
After-tax Cost of Debt | 2.80% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 14.757 |
Total Debt | 6,844.37 |
Total Equity | 27,067.92 |
Total Capital | 33,912.29 |
Debt Weighting | 20.18 |
Equity Weighting | 79.82 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 3,120.83 | 4,709.59 | 4,631.95 | 2,586.47 | 5,719.32 | 7,524.11 | 9,898.41 | 13,021.95 | 17,131.16 | 22,537.07 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 2,079.11 | 3,456.01 | 3,115.69 | 1,422.30 | 3,973.85 | 4,992.08 | 6,567.38 | 8,639.79 | 11,366.16 | 14,952.86 |
Capital Expenditure | -1,953.20 | -2,914.63 | -2,860.69 | -1,514.14 | -4,997.59 | -4,998.33 | -6,575.60 | -8,650.60 | -11,380.38 | -14,971.58 |
Free Cash Flow | 125.91 | 541.38 | 255 | -91.83 | -1,023.73 | -6.25 | -8.22 | -10.81 | -14.23 | -18.72 |
WACC | ||||||||||
PV LFCF | -5.56 | -6.51 | -7.63 | -8.93 | -10.46 | |||||
SUM PV LFCF | -39.10 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 12.34 |
Free cash flow (t + 1) | -19.09 |
Terminal Value | -184.63 |
Present Value of Terminal Value | -103.19 |
Intrinsic Value
Enterprise Value | -142.28 |
---|---|
Net Debt | 6,823.50 |
Equity Value | -6,965.78 |
Shares Outstanding | 364.45 |
Equity Value Per Share | -19.11 |