Discounted Cash Flow (DCF) Analysis Unlevered

National Energy Services Reunited C... (NESR)

$5.94

-0.08 (-1.33%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 5.94 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 271.32--------
Revenue (%)
EBITDA 80.34--------
EBITDA (%)
EBIT 41.93--------
EBIT (%)
Depreciation 38.41--------
Depreciation (%)

Balance Sheet Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash 0.74--------
Total Cash (%)
Account Receivables ---------
Account Receivables (%)
Inventories ---------
Inventories (%)
Accounts Payable 3.47--------
Accounts Payable (%)
Capital Expenditure -48.66--------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 5.94
Beta 0.806
Diluted Shares Outstanding 88.99
Cost of Debt
Tax Rate 17.61
After-tax Cost of Debt 3.28%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.608
Total Debt 398.47
Total Equity 528.60
Total Capital 927.08
Debt Weighting 42.98
Equity Weighting 57.02
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 271.32--------
EBITDA 80.34--------
EBIT 41.93--------
Tax Rate 7.02%16.52%24.93%17.61%16.52%16.52%16.52%16.52%16.52%
EBIAT 38.99--------
Depreciation 38.41--------
Accounts Receivable ---------
Inventories ---------
Accounts Payable ---------
Capital Expenditure -48.66-33.07-107.94-90.32-----
UFCF 28.74--------
WACC
PV UFCF --------
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.75
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 323.46
Equity Value -
Shares Outstanding 88.99
Equity Value Per Share -