Discounted Cash Flow (DCF) Analysis Levered
Oasis Petroleum Inc (WLL)
$68.03
-4.65 (-6.40%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 1,481.43 | 2,081.41 | 1,572.24 | 1,698.32 | 1,834.50 | 1,981.60 | 2,140.50 | 2,312.13 | 2,497.53 | 2,697.80 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 577.11 | 1,092 | 755.96 | 82.17 | 740.24 | 731.97 | 790.66 | 854.06 | 922.55 | 996.52 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -856.58 | -957.80 | -805.85 | -2.49 | -540.92 | -732.10 | -790.80 | -854.22 | -922.71 | -996.70 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -279.47 | 134.20 | -49.89 | 79.68 | 199.32 | -0.13 | -0.14 | -0.15 | -0.17 | -0.18 |
Weighted Average Cost Of Capital
| Share price | $ 68.03 |
|---|---|
| Beta | 4.407 |
| Diluted Shares Outstanding | 38.12 |
| Cost of Debt | |
| Tax Rate | 0.21 |
| After-tax Cost of Debt | 27.16% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 25.398 |
| Total Debt | 47.12 |
| Total Equity | 2,593.24 |
| Total Capital | 2,640.35 |
| Debt Weighting | 1.78 |
| Equity Weighting | 98.22 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 1,481.43 | 2,081.41 | 1,572.24 | 1,698.32 | 1,834.50 | 1,981.60 | 2,140.50 | 2,312.13 | 2,497.53 | 2,697.80 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 577.11 | 1,092 | 755.96 | 82.17 | 740.24 | 731.97 | 790.66 | 854.06 | 922.55 | 996.52 |
| Capital Expenditure | -856.58 | -957.80 | -805.85 | -2.49 | -540.92 | -732.10 | -790.80 | -854.22 | -922.71 | -996.70 |
| Free Cash Flow | -279.47 | 134.20 | -49.89 | 79.68 | 199.32 | -0.13 | -0.14 | -0.15 | -0.17 | -0.18 |
| WACC | ||||||||||
| PV LFCF | 99.95 | 199.32 | -0.10 | -0.09 | -0.08 | -0.07 | -0.06 | |||
| SUM PV LFCF | -0.40 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 25.43 |
| Free cash flow (t + 1) | -0.18 |
| Terminal Value | -0.78 |
| Present Value of Terminal Value | -0.25 |
Intrinsic Value
| Enterprise Value | -0.65 |
|---|---|
| Net Debt | 5.87 |
| Equity Value | -6.52 |
| Shares Outstanding | 38.12 |
| Equity Value Per Share | -0.17 |