DCF Tool


ChampionX Corp. – Oil and Gas Field Machinery and Equipment Manufacturing
we are championx, bringing over a century of expertise to deliver forward-thinking innovations, unmatched global supply chain capability, and market-shaping solutions for the upstream and midstream oil and gas industry.
Analysis Results
Intrinsic Value $147.08
Latest Price $29.52
Relative Value 80% undervalued
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Cash Flow (Billions)
Analysis Parameters
New Ticker
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 26.4%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 4.4%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 26.4%, 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 0.431 0.413
2024 0.545 0.5
2025 0.689 0.606
2026 0.872 0.733
2027 1.1 0.888
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 33.1 billion. This corresponds to a present value of 25.5 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 3.14 billion. Adding in the terminal value gives a total present value of 28.7 billion.

There are presently 195.0 million outstanding shares, so the intrinsic value per share is 147.08.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,498,581,000
Current Cash 250,187,000
Current Liabilities 858,976,000
Current Debt 6,250,000
Non-Cash Working Capital (NCWC) 395,668,000
Change in NCWC -38,079,000
EBIT 306,382,000
Tax Provision 40,243,000
Depreciation and Amortization 241,880,000
Capital Expenditure -102,808,000
Unlevered Free Cash Flow 344,725,838
Current Assets 1,460,900,000
Current Cash 251,678,000
Current Liabilities 802,325,000
Current Debt 26,850,000
Non-Cash Working Capital (NCWC) 433,747,000
Change in NCWC -34,967,000
EBIT 172,918,000
Tax Provision 38,445,000
Depreciation and Amortization 237,285,000
Capital Expenditure -84,464,000
Unlevered Free Cash Flow 247,232,474
Current Assets 1,265,845,000
Current Cash 201,421,000
Current Liabilities 622,560,000
Current Debt 26,850,000
Non-Cash Working Capital (NCWC) 468,714,000
Change in NCWC 205,400,000
EBIT -54,595,000
Tax Provision -20,396,000
Depreciation and Amortization 214,362,000
Capital Expenditure -45,163,000
Unlevered Free Cash Flow 320,004,000
Current Assets 493,440,000
Current Cash 35,290,000
Current Liabilities 199,681,000
Current Debt 4,845,000
Non-Cash Working Capital (NCWC) 263,314,000
Change in NCWC -23,169,000
EBIT 101,090,000
Tax Provision 6,226,000
Depreciation and Amortization 119,938,000
Capital Expenditure -39,780,000
Unlevered Free Cash Flow 147,444,959

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