Discounted Cash Flow (DCF) Analysis Unlevered
Nuverra Environmental Solutions, In... (NES)
$2.149
+0.22 (+11.35%)
All numbers are in Millions, Currency in USD
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 | 152.18 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | -52.76 | - | - | - | - | - | - | - | - | - |
| EBITDA (%) | ||||||||||
| EBIT | -113.52 | - | - | - | - | - | - | - | - | - |
| EBIT (%) | ||||||||||
| Depreciation | 60.76 | - | - | - | - | - | - | - | - | - |
| 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 | 0.99 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 23.80 | - | - | - | - | - | - | - | - | - |
| Account Receivables (%) | ||||||||||
| Inventories | 2.46 | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | 4.05 | - | - | - | - | - | - | - | - | - |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | -3.83 | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 2.149 |
|---|---|
| Beta | 1.632 |
| Diluted Shares Outstanding | 15.76 |
| Cost of Debt | |
| Tax Rate | -0.03 |
| After-tax Cost of Debt | 11.93% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.418 |
| Total Debt | 34.11 |
| Total Equity | 33.88 |
| Total Capital | 67.98 |
| Debt Weighting | 50.17 |
| Equity Weighting | 49.83 |
| 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 | 152.18 | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | -52.76 | - | - | - | - | - | - | - | - | - |
| EBIT | -113.52 | - | - | - | - | - | - | - | - | - |
| Tax Rate | -1.22% | -0.36% | -0.35% | 0.16% | -0.03% | -0.36% | -0.36% | -0.36% | -0.36% | -0.36% |
| EBIAT | -114.91 | - | - | - | - | - | - | - | - | - |
| Depreciation | 60.76 | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -3.83 | -5.38 | -12.24 | -8.24 | -3.39 | - | - | - | - | - |
| UFCF | -57.97 | - | - | - | - | - | - | - | - | - |
| WACC | ||||||||||
| PV UFCF | - | - | - | - | - | - | - | - | - | |
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.67 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 21.23 |
| Equity Value | - |
| Shares Outstanding | 15.76 |
| Equity Value Per Share | - |