DCF Tool

CLH

Clean Harbors, Inc. – Support Activities for Oil and Gas Operations
clean harbors is the leading provider of environmental, energy and industrial services and largest hazardous waste disposal company in north america. the company serves a diverse customer base, including a majority of the fortune 500 companies, thousands of smaller private entities and numerous federal, state, provincial and local governmental agencies. the company provides a broad range of hazardous material management and disposal services including the collection, packaging, transportation, recycling, treatment and disposal of hazardous and non-hazardous waste. it also provides a wide variety of environmental cleanup services on customer sites or other locations on a scheduled or emergency response basis. the company provides industrial and specialty services, such as high-pressure and chemical cleaning, catalyst handling, decoking, material processing and industrial lodging services to refineries, chemical plants, pulp and paper mills, and other industrial facilities. it also p
Analysis Results
Intrinsic Value $473.13
Latest Price $167.22
Relative Value 65% undervalued
Thoughts on this result? Let us know.
Ad
Cash Flow (Billions)
Analysis Parameters
%
%
%
New Ticker
Ad
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 25.1%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.5%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 25.1%, 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 0.712 0.663
2024 0.891 0.771
2025 1.12 0.898
2026 1.4 1.05
2027 1.75 1.22
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 32.4 billion. This corresponds to a present value of 21.0 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 4.59 billion. Adding in the terminal value gives a total present value of 25.6 billion.

There are presently 54.2 million outstanding shares, so the intrinsic value per share is 473.13.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 2,033,761,000
Current Cash 554,636,000
Current Liabilities 1,020,094,000
Current Debt 10,000,000
Non-Cash Working Capital (NCWC) 469,031,000
Change in NCWC 169,938,000
EBIT 634,747,000
Tax Provision 126,254,000
Depreciation and Amortization 347,594,000
Capital Expenditure -347,022,000
Unlevered Free Cash Flow 656,298,550
Current Assets 1,741,171,000
Current Cash 534,299,000
Current Liabilities 925,314,000
Current Debt 17,535,000
Non-Cash Working Capital (NCWC) 299,093,000
Change in NCWC -27,061,000
EBIT 347,887,000
Tax Provision 66,468,000
Depreciation and Amortization 298,135,000
Capital Expenditure -245,704,000
Unlevered Free Cash Flow 287,524,455
Current Assets 1,525,722,000
Current Cash 570,958,000
Current Liabilities 636,145,000
Current Debt 7,535,000
Non-Cash Working Capital (NCWC) 326,154,000
Change in NCWC 52,223,000
EBIT 251,336,000
Tax Provision 39,713,000
Depreciation and Amortization 292,915,000
Capital Expenditure -196,256,000
Unlevered Free Cash Flow 343,034,920
Current Assets 1,400,908,000
Current Cash 414,412,000
Current Liabilities 720,100,000
Current Debt 7,535,000
Non-Cash Working Capital (NCWC) 273,931,000
Change in NCWC -54,121,000
EBIT 229,456,000
Tax Provision 50,499,000
Depreciation and Amortization 300,725,000
Capital Expenditure -220,228,000
Unlevered Free Cash Flow 177,665,670
Current Assets 1,202,158,000
Current Cash 279,363,000
Current Liabilities 602,278,000
Current Debt 7,535,000
Non-Cash Working Capital (NCWC) 328,052,000
Change in NCWC 31,391,000
EBIT 182,574,000
Tax Provision 28,846,000
Depreciation and Amortization 298,625,000
Capital Expenditure -198,032,000
Unlevered Free Cash Flow 258,816,910
Current Assets 1,154,056,000
Current Cash 357,578,000
Current Liabilities 503,817,000
Current Debt 4,000,000
Non-Cash Working Capital (NCWC) 296,661,000
Change in NCWC 15,455,000
EBIT 127,775,000
Tax Provision -42,050,000
Depreciation and Amortization 288,422,000
Capital Expenditure -168,624,000
Unlevered Free Cash Flow 263,028,000
Current Assets 1,092,871,000
Current Cash 306,997,000
Current Liabilities 504,668,000
Current Debt 0
Non-Cash Working Capital (NCWC) 281,206,000
Change in NCWC 61,838,000
EBIT 103,175,000
Tax Provision 48,589,000
Depreciation and Amortization 287,002,000
Capital Expenditure -222,215,000
Unlevered Free Cash Flow 181,211,000
Current Assets 921,196,000
Current Cash 184,708,000
Current Liabilities 517,120,000
Current Debt 0
Non-Cash Working Capital (NCWC) 219,368,000
Change in NCWC -88,251,000
EBIT 219,571,000
Tax Provision 65,544,000
Depreciation and Amortization 274,194,000
Capital Expenditure -262,492,000
Unlevered Free Cash Flow 11,767,219
Current Assets 1,126,433,000
Current Cash 246,879,000
Current Liabilities 572,471,000
Current Debt 536,000
Non-Cash Working Capital (NCWC) 307,619,000
Change in NCWC 97,164,000
EBIT 235,224,000
Tax Provision 66,850,000
Depreciation and Amortization 276,083,000
Capital Expenditure -264,132,000
Unlevered Free Cash Flow 277,489,000
Current Assets 1,171,179,000
Current Cash 322,508,000
Current Liabilities 639,545,000
Current Debt 1,329,000
Non-Cash Working Capital (NCWC) 210,455,000
Change in NCWC -70,764,000
EBIT 220,556,000
Tax Provision 48,319,000
Depreciation and Amortization 264,449,000
Capital Expenditure -286,947,000
Unlevered Free Cash Flow 53,227,590
Current Assets 1,086,793,000
Current Cash 241,614,000
Current Liabilities 569,052,000
Current Debt 5,092,000
Non-Cash Working Capital (NCWC) 281,219,000
Change in NCWC 23,617,000
EBIT 202,204,000
Tax Provision -1,944,000
Depreciation and Amortization 161,646,000
Capital Expenditure -201,443,000
Unlevered Free Cash Flow 186,024,000

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.