DCF Tool

DOOR

Masonite International Corp – Wood Window and Door Manufacturing
Masonite International Corporation is a leading global designer, manufacturer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Since 1925, Masonite has provided its customers with innovative products and superior service at compelling values. Masonite currently serves approximately 8,500 customers in 60 countries.
Analysis Results
Intrinsic Value $541.84
Latest Price $85.55
Relative Value 84% 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 26.1%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 8.8%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 26.1%, 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)
2022 0.418 0.384
2023 0.527 0.445
2024 0.664 0.516
2025 0.837 0.598
2026 1.06 0.693
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 15.9 billion. This corresponds to a present value of 9.59 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 2.64 billion. Adding in the terminal value gives a total present value of 12.2 billion.

There are presently 22.6 million outstanding shares, so the intrinsic value per share is 541.84.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,134,126,000
Current Cash 381,395,000
Current Liabilities 384,639,000
Current Debt 0
Non-Cash Working Capital (NCWC) 368,092,000
Change in NCWC 148,413,000
EBIT 303,349,000
Tax Provision 44,772,000
Depreciation and Amortization 91,982,000
Capital Expenditure -86,670,000
Unlevered Free Cash Flow 362,735,465
Current Assets 970,366,000
Current Cash 364,674,000
Current Liabilities 386,013,000
Current Debt 0
Non-Cash Working Capital (NCWC) 219,679,000
Change in NCWC -79,745,000
EBIT 205,732,000
Tax Provision 28,611,000
Depreciation and Amortization 91,773,000
Capital Expenditure -72,908,000
Unlevered Free Cash Flow 87,313,405
Current Assets 734,055,000
Current Cash 166,964,000
Current Liabilities 267,667,000
Current Debt 0
Non-Cash Working Capital (NCWC) 299,424,000
Change in NCWC -36,207,000
EBIT 167,116,000
Tax Provision 17,309,000
Depreciation and Amortization 99,849,000
Capital Expenditure -82,720,000
Unlevered Free Cash Flow 104,440,441
Current Assets 696,593,000
Current Cash 115,656,000
Current Liabilities 245,306,000
Current Debt 0
Non-Cash Working Capital (NCWC) 335,631,000
Change in NCWC 12,555,000
EBIT 169,113,000
Tax Provision 23,813,000
Depreciation and Amortization 87,672,000
Capital Expenditure -82,380,000
Unlevered Free Cash Flow 153,500,476
Current Assets 721,870,000
Current Cash 176,669,000
Current Liabilities 222,125,000
Current Debt 0
Non-Cash Working Capital (NCWC) 323,076,000
Change in NCWC 47,231,000
EBIT 160,128,000
Tax Provision -27,560,000
Depreciation and Amortization 81,903,000
Capital Expenditure -73,782,000
Unlevered Free Cash Flow 215,480,000
Current Assets 578,737,000
Current Cash 71,714,000
Current Liabilities 231,178,000
Current Debt 0
Non-Cash Working Capital (NCWC) 275,845,000
Change in NCWC 38,604,000
EBIT 149,281,000
Tax Provision 21,787,000
Depreciation and Amortization 82,331,000
Capital Expenditure -82,287,000
Unlevered Free Cash Flow 162,255,180
Current Assets 558,946,000
Current Cash 89,187,000
Current Liabilities 232,518,000
Current Debt 0
Non-Cash Working Capital (NCWC) 237,241,000
Change in NCWC -46,824,000
EBIT 106,705,000
Tax Provision 14,172,000
Depreciation and Amortization 82,885,000
Capital Expenditure -51,065,000
Unlevered Free Cash Flow 91,701,000
Current Assets 713,343,000
Current Cash 192,037,000
Current Liabilities 237,241,000
Current Debt 0
Non-Cash Working Capital (NCWC) 284,065,000
Change in NCWC -10,214,000
EBIT 41,322,000
Tax Provision 4,533,000
Depreciation and Amortization 82,344,000
Capital Expenditure -100,294,000
Unlevered Free Cash Flow 13,158,000
Current Assets 623,744,000
Current Cash 100,873,000
Current Liabilities 228,592,000
Current Debt 0
Non-Cash Working Capital (NCWC) 294,279,000
Change in NCWC -991,000
EBIT 16,437,000
Tax Provision -21,377,000
Depreciation and Amortization 79,138,000
Capital Expenditure -45,971,000
Unlevered Free Cash Flow 48,613,000
Current Assets 652,472,000
Current Cash 122,314,000
Current Liabilities 234,888,000
Current Debt 0
Non-Cash Working Capital (NCWC) 295,270,000
Change in NCWC 19,653,000
EBIT 8,246,000
Tax Provision -13,365,000
Depreciation and Amortization 78,424,000
Capital Expenditure -48,419,000
Unlevered Free Cash Flow 57,904,000

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.