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 |