Discounted Cash Flow (DCF) Analysis Levered

RPC, Inc. (RES)

$9.61

+0.16 (+1.69%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.51 | 9.61 | overvalue

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 1,595.231,721.011,222.41598.30864.93805.30749.77698.08649.95605.14
Revenue (%)
Operating Cash Flow 133.70389.01209.1477.9647.72107.3399.9393.0486.6380.65
Operating Cash Flow (%)
Capital Expenditure -117.51-242.61-250.63-65.07-67.64-97.70-90.97-84.69-78.85-73.42
Capital Expenditure (%)
Free Cash Flow 16.19146.40-41.4912.89-19.939.638.978.357.777.24

Weighted Average Cost Of Capital

Share price $ 9.61
Beta 1.789
Diluted Shares Outstanding 215.64
Cost of Debt
Tax Rate 56.12
After-tax Cost of Debt 1.83%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.997
Total Debt 46.30
Total Equity 2,072.30
Total Capital 2,118.60
Debt Weighting 2.19
Equity Weighting 97.81
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 1,595.231,721.011,222.41598.30864.93805.30749.77698.08649.95605.14
Operating Cash Flow 133.70389.01209.1477.9647.72107.3399.9393.0486.6380.65
Capital Expenditure -117.51-242.61-250.63-65.07-67.64-97.70-90.97-84.69-78.85-73.42
Free Cash Flow 16.19146.40-41.4912.89-19.939.638.978.357.777.24
WACC
PV LFCF 8.627.185.984.984.15
SUM PV LFCF 30.90

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 11.77
Free cash flow (t + 1) 7.38
Terminal Value 75.55
Present Value of Terminal Value 43.31

Intrinsic Value

Enterprise Value 74.21
Net Debt -36.13
Equity Value 110.34
Shares Outstanding 215.64
Equity Value Per Share 0.51