Discounted Cash Flow (DCF) Analysis Levered
Continental Resources, Inc. (CLR)
$59.93
+0.96 (+1.63%)
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 | -21.26 | -73.75 | -77.54 | -105.99 | -4,997.59 | -1,435.59 | -1,888.61 | -2,484.58 | -3,268.61 | -4,300.06 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 2,057.85 | 3,382.26 | 3,038.15 | 1,316.32 | -1,023.73 | 3,556.49 | 4,678.77 | 6,155.21 | 8,097.54 | 10,652.80 |
Weighted Average Cost Of Capital
Share price | $ 59.93 |
---|---|
Beta | 2.782 |
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 | 15.960 |
Total Debt | 6,844.37 |
Total Equity | 21,841.67 |
Total Capital | 28,686.03 |
Debt Weighting | 23.86 |
Equity Weighting | 76.14 |
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 | -21.26 | -73.75 | -77.54 | -105.99 | -4,997.59 | -1,435.59 | -1,888.61 | -2,484.58 | -3,268.61 | -4,300.06 |
Free Cash Flow | 2,057.85 | 3,382.26 | 3,038.15 | 1,316.32 | -1,023.73 | 3,556.49 | 4,678.77 | 6,155.21 | 8,097.54 | 10,652.80 |
WACC | ||||||||||
PV LFCF | 3,152.36 | 3,675.87 | 4,286.32 | 4,998.15 | 5,828.19 | |||||
SUM PV LFCF | 21,940.87 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 12.82 |
Free cash flow (t + 1) | 10,865.86 |
Terminal Value | 100,423.83 |
Present Value of Terminal Value | 54,942.23 |
Intrinsic Value
Enterprise Value | 76,883.11 |
---|---|
Net Debt | 6,823.50 |
Equity Value | 70,059.61 |
Shares Outstanding | 364.45 |
Equity Value Per Share | 192.23 |