Discounted Cash Flow (DCF) Analysis Unlevered

Civitas Resources, Inc. (BCEI)

$54.58

+0.33 (+0.61%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 54.58 | undervalue

Operating Data

Year
A/P
2016
Actual
2017
Projected
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 195.29---------
Revenue (%)
EBITDA -136.89---------
EBITDA (%)
EBIT -136.89---------
EBIT (%)
Depreciation ----------
Depreciation (%)

Balance Sheet Data

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash 80.56---------
Total Cash (%)
Account Receivables 21.26---------
Account Receivables (%)
Inventories 4.69---------
Inventories (%)
Accounts Payable 1.14---------
Accounts Payable (%)
Capital Expenditure -52.79---------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 54.58
Beta 1.968
Diluted Shares Outstanding 20.91
Cost of Debt
Tax Rate -140.87
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.794
Total Debt 30.02
Total Equity 1,141.38
Total Capital 1,171.40
Debt Weighting 2.56
Equity Weighting 97.44
Wacc

Build Up Free Cash

Year
A/P
2016
Actual
2017
Projected
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 195.29---------
EBITDA -136.89---------
EBIT -136.89---------
Tax Rate 0.00%-35.22%0.00%0.00%-140.87%-35.22%-35.22%-35.22%-35.22%-35.22%
EBIAT -136.89---------
Depreciation ----------
Accounts Receivable ----------
Inventories ----------
Accounts Payable ----------
Capital Expenditure -52.79-0.87-267.51-256.92-63.80-----
UFCF -189.68---------
WACC
PV UFCF ---------
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 12.59
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 5.28
Equity Value -
Shares Outstanding 20.91
Equity Value Per Share -