DCF Tool

ATKR

Atkore Inc – Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
Atkore is forging a future where its employees, customers, suppliers, shareholders and communities are building better together - a future focused on serving the customer and powering and protecting the world.
Analysis Results
Intrinsic Value $3,829.97
Latest Price $122.17
Relative Value 97% undervalued
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Cash Flow (Billions)
Analysis Parameters
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Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 74.3%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 10.3%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 74.3%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2023 1.98 1.8
2024 3.45 2.84
2025 6.02 4.49
2026 10.5 7.09
2027 18.3 11.2
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 225 billion. This corresponds to a present value of 125 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 27.4 billion. Adding in the terminal value gives a total present value of 152 billion.

There are presently 39.7 million outstanding shares, so the intrinsic value per share is 3829.97.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,452,820,000
Current Cash 388,751,000
Current Liabilities 501,911,000
Current Debt 1,012,000
Non-Cash Working Capital (NCWC) 563,170,000
Change in NCWC 242,031,000
EBIT 1,233,805,000
Tax Provision 290,186,000
Depreciation and Amortization 98,331,000
Capital Expenditure -135,776,000
Unlevered Free Cash Flow 1,140,927,319
Current Assets 1,421,452,000
Current Cash 576,289,000
Current Liabilities 524,936,000
Current Debt 912,000
Non-Cash Working Capital (NCWC) 321,139,000
Change in NCWC 52,674,000
EBIT 798,950,000
Tax Provision 192,144,000
Depreciation and Amortization 93,072,000
Capital Expenditure -64,474,000
Unlevered Free Cash Flow 683,410,138
Current Assets 828,676,000
Current Cash 284,471,000
Current Liabilities 276,170,000
Current Debt 430,000
Non-Cash Working Capital (NCWC) 268,465,000
Change in NCWC -20,123,000
EBIT 239,556,000
Tax Provision 49,696,000
Depreciation and Amortization 89,273,000
Capital Expenditure -33,770,000
Unlevered Free Cash Flow 215,999,896
Current Assets 699,537,000
Current Cash 123,415,000
Current Liabilities 287,534,000
Current Debt 0
Non-Cash Working Capital (NCWC) 288,588,000
Change in NCWC 14,298,000
EBIT 223,664,000
Tax Provision 45,618,000
Depreciation and Amortization 72,347,000
Capital Expenditure -34,860,000
Unlevered Free Cash Flow 220,198,230
Current Assets 647,138,000
Current Cash 126,662,000
Current Liabilities 272,747,000
Current Debt 26,561,000
Non-Cash Working Capital (NCWC) 274,290,000
Change in NCWC 21,871,000
EBIT 179,698,000
Tax Provision 29,707,000
Depreciation and Amortization 66,890,000
Capital Expenditure -38,501,000
Unlevered Free Cash Flow 197,867,682
Current Assets 505,759,000
Current Cash 45,718,000
Current Liabilities 211,837,000
Current Debt 4,215,000
Non-Cash Working Capital (NCWC) 252,419,000
Change in NCWC 73,332,000
EBIT 157,457,000
Tax Provision 41,486,000
Depreciation and Amortization 54,727,000
Capital Expenditure -25,122,000
Unlevered Free Cash Flow 208,602,038

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