Discounted Cash Flow (DCF) Analysis Levered
RPC, Inc. (RES)
$7.7
+0.06 (+0.79%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 1,721.01 | 1,222.41 | 598.30 | 864.93 | 1,601.76 | 1,800.89 | 2,024.77 | 2,276.49 | 2,559.50 | 2,877.69 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 389.01 | 209.14 | 77.96 | 47.72 | 0.20 | 209.88 | 235.98 | 265.31 | 298.29 | 335.38 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -242.61 | -250.63 | -65.07 | -67.64 | -0.14 | -191.99 | -215.86 | -242.69 | -272.87 | -306.79 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 146.40 | -41.49 | 12.89 | -19.93 | 0.06 | 17.89 | 20.12 | 22.62 | 25.43 | 28.59 |
Weighted Average Cost Of Capital
Share price | $ 7.7 |
---|---|
Beta | 1.819 |
Diluted Shares Outstanding | 215.64 |
Cost of Debt | |
Tax Rate | 24.61 |
After-tax Cost of Debt | 1.53% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.966 |
Total Debt | 30.25 |
Total Equity | 1,660.43 |
Total Capital | 1,690.67 |
Debt Weighting | 1.79 |
Equity Weighting | 98.21 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 1,721.01 | 1,222.41 | 598.30 | 864.93 | 1,601.76 | 1,800.89 | 2,024.77 | 2,276.49 | 2,559.50 | 2,877.69 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 389.01 | 209.14 | 77.96 | 47.72 | 0.20 | 209.88 | 235.98 | 265.31 | 298.29 | 335.38 |
Capital Expenditure | -242.61 | -250.63 | -65.07 | -67.64 | -0.14 | -191.99 | -215.86 | -242.69 | -272.87 | -306.79 |
Free Cash Flow | 146.40 | -41.49 | 12.89 | -19.93 | 0.06 | 17.89 | 20.12 | 22.62 | 25.43 | 28.59 |
WACC | ||||||||||
PV LFCF | 12.81 | 12.89 | 12.96 | 13.04 | 13.11 | |||||
SUM PV LFCF | 80.97 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.78 |
Free cash flow (t + 1) | 29.16 |
Terminal Value | 298.19 |
Present Value of Terminal Value | 170.87 |
Intrinsic Value
Enterprise Value | 251.84 |
---|---|
Net Debt | -96.18 |
Equity Value | 348.02 |
Shares Outstanding | 215.64 |
Equity Value Per Share | 1.61 |