DCF Tool

CLGX

CoreLogic Inc – Data Processing, Hosting, and Related Services
CoreLogic, the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes.
Analysis Results
Intrinsic Value $300.30
Latest Price $80.00
Relative Value 73% undervalued
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Cash Flow (Millions)
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 14.3%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 3.6%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 14.3%, 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 (million) Present value (million)
2021 468 452
2022 535 498
2023 611 549
2024 698 606
2025 798 668
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 23900 million. This corresponds to a present value of 19300 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 2770 million. Adding in the terminal value gives a total present value of 22100 million.

There are presently 73.6 million outstanding shares, so the intrinsic value per share is 300.3.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 755,835,000
Current Cash 167,422,000
Current Liabilities 750,399,000
Current Debt 43,230,000
Non-Cash Working Capital (NCWC) -118,756,000
Change in NCWC 140,172,000
EBIT 335,150,000
Tax Provision 41,566,000
Depreciation and Amortization 174,445,000
Capital Expenditure -99,110,000
Unlevered Free Cash Flow 505,103,971
Current Assets 446,549,000
Current Cash 105,185,000
Current Liabilities 656,314,000
Current Debt 56,022,000
Non-Cash Working Capital (NCWC) -258,928,000
Change in NCWC -17,020,000
EBIT 214,003,000
Tax Provision 9,190,000
Depreciation and Amortization 187,716,000
Capital Expenditure -131,591,000
Unlevered Free Cash Flow 227,244,144
Current Assets 403,520,000
Current Cash 85,271,000
Current Liabilities 587,092,000
Current Debt 26,935,000
Non-Cash Working Capital (NCWC) -241,908,000
Change in NCWC -10,052,000
EBIT 224,111,000
Tax Provision 45,691,000
Depreciation and Amortization 199,717,000
Capital Expenditure -97,379,000
Unlevered Free Cash Flow 255,496,953
Current Assets 430,268,000
Current Cash 118,804,000
Current Liabilities 613,366,000
Current Debt 70,046,000
Non-Cash Working Capital (NCWC) -231,856,000
Change in NCWC 11,551,000
EBIT 237,432,000
Tax Provision 18,172,000
Depreciation and Amortization 177,806,000
Capital Expenditure -75,498,000
Unlevered Free Cash Flow 325,563,749
Current Assets 391,887,000
Current Cash 72,031,000
Current Liabilities 668,421,000
Current Debt 105,158,000
Non-Cash Working Capital (NCWC) -243,407,000
Change in NCWC -97,895,000
EBIT 275,085,000
Tax Provision 54,524,000
Depreciation and Amortization 172,578,000
Capital Expenditure -80,718,000
Unlevered Free Cash Flow 177,855,651
Current Assets 542,266,000
Current Cash 121,799,000
Current Liabilities 614,476,000
Current Debt 48,497,000
Non-Cash Working Capital (NCWC) -145,512,000
Change in NCWC 20,042,000
EBIT 220,414,000
Tax Provision 57,394,000
Depreciation and Amortization 146,607,000
Capital Expenditure -44,149,000
Unlevered Free Cash Flow 275,245,041
Current Assets 500,625,000
Current Cash 126,941,000
Current Liabilities 550,590,000
Current Debt 11,352,000
Non-Cash Working Capital (NCWC) -165,554,000
Change in NCWC -140,334,000
EBIT 188,848,000
Tax Provision 29,770,000
Depreciation and Amortization 138,394,000
Capital Expenditure -87,154,000
Unlevered Free Cash Flow 53,205,746
Current Assets 641,614,000
Current Cash 156,961,000
Current Liabilities 538,027,000
Current Debt 28,154,000
Non-Cash Working Capital (NCWC) -25,220,000
Change in NCWC 72,871,000
EBIT 200,237,000
Tax Provision 34,473,000
Depreciation and Amortization 127,020,000
Capital Expenditure -106,581,000
Unlevered Free Cash Flow 251,615,460
Current Assets 589,924,000
Current Cash 171,026,000
Current Liabilities 517,091,000
Current Debt 102,000
Non-Cash Working Capital (NCWC) -98,091,000
Change in NCWC -35,529,000
EBIT 258,243,000
Tax Provision 80,396,000
Depreciation and Amortization 133,714,000
Capital Expenditure -84,480,000
Unlevered Free Cash Flow 169,803,916

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