Discounted Cash Flow (DCF) Analysis Levered
Goodrich Petroleum Corporation (GDP)
$23.02
0.00 (0.00%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
Revenue | 27.27 | 46.15 | 88 | 118.35 | 93.83 | 134.57 | 193 | 276.81 | 397.01 | 569.40 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -21.01 | 18.31 | 49.19 | 79.07 | 58.89 | 39.85 | 57.16 | 81.98 | 117.58 | 168.64 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -7.02 | -28.76 | -105.09 | -99.30 | -58.26 | -95.14 | -136.45 | -195.70 | -280.68 | -402.56 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -28.03 | -10.46 | -55.90 | -20.23 | 0.63 | -55.28 | -79.29 | -113.72 | -163.10 | -233.92 |
Weighted Average Cost Of Capital
Share price | $ 23.02 |
---|---|
Beta | 1.624 |
Diluted Shares Outstanding | 12.23 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 6.29% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 12.021 |
Total Debt | 112.09 |
Total Equity | 281.60 |
Total Capital | 393.70 |
Debt Weighting | 28.47 |
Equity Weighting | 71.53 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
Revenue | 27.27 | 46.15 | 88 | 118.35 | 93.83 | 134.57 | 193 | 276.81 | 397.01 | 569.40 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -21.01 | 18.31 | 49.19 | 79.07 | 58.89 | 39.85 | 57.16 | 81.98 | 117.58 | 168.64 |
Capital Expenditure | -7.02 | -28.76 | -105.09 | -99.30 | -58.26 | -95.14 | -136.45 | -195.70 | -280.68 | -402.56 |
Free Cash Flow | -28.03 | -10.46 | -55.90 | -20.23 | 0.63 | -55.28 | -79.29 | -113.72 | -163.10 | -233.92 |
WACC | ||||||||||
PV LFCF | -50.08 | -65.07 | -84.54 | -109.83 | -142.70 | |||||
SUM PV LFCF | -452.21 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 10.39 |
Free cash flow (t + 1) | -238.60 |
Terminal Value | -2,843.84 |
Present Value of Terminal Value | -1,734.83 |
Intrinsic Value
Enterprise Value | -2,187.04 |
---|---|
Net Debt | 110.73 |
Equity Value | -2,297.77 |
Shares Outstanding | 12.23 |
Equity Value Per Share | -187.83 |