Discounted Cash Flow (DCF) Analysis Levered

Goodrich Petroleum Corporation (GDP)

$23.02

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -200.32 | 23.02 | overvalue

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 27.2746.1588118.3593.83134.57193276.81397.01569.40
Revenue (%)
Operating Cash Flow -21.0118.3149.1979.0758.8939.8557.1681.98117.58168.64
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 -28.03-10.46-55.90-20.230.63-55.28-79.29-113.72-163.10-233.92

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 11.356
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 27.2746.1588118.3593.83134.57193276.81397.01569.40
Operating Cash Flow -21.0118.3149.1979.0758.8939.8557.1681.98117.58168.64
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 -28.03-10.46-55.90-20.230.63-55.28-79.29-113.72-163.10-233.92
WACC
PV LFCF -50.30-65.64-85.65-111.76-145.84
SUM PV LFCF -459.19

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.91
Free cash flow (t + 1) -238.60
Terminal Value -3,016.41
Present Value of Terminal Value -1,880.64

Intrinsic Value

Enterprise Value -2,339.82
Net Debt 110.73
Equity Value -2,450.56
Shares Outstanding 12.23
Equity Value Per Share -200.32