DCF Tool

DSKE

Daseke Inc – General Freight Trucking, Local
Daseke, Inc. is the largest flatbed and specialized transportation and logistics company in North America. Daseke offers comprehensive, best-in-class services to many of the world's most respected industrial shippers through experienced people, a fleet of more than 5,000 tractors and 11,500 flatbed and specialized trailers.
Analysis Results
Intrinsic Value $15.84
Latest Price $5.89
Relative Value 63% undervalued
Thoughts on this result? Let us know.
Ad
Cash Flow (Millions)
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 -10.7%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 6.6%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of -10.7%, 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)
2022 76.2 71.5
2023 68.0 59.9
2024 60.7 50.2
2025 54.2 42.0
2026 48.4 35.2
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 1080 million. This corresponds to a present value of 736 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 259 million. Adding in the terminal value gives a total present value of 995 million.

There are presently 62.8 million outstanding shares, so the intrinsic value per share is 15.84.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 350,100,000
Current Cash 147,500,000
Current Liabilities 212,200,000
Current Debt 55,500,000
Non-Cash Working Capital (NCWC) 45,900,000
Change in NCWC -6,300,000
EBIT 96,000,000
Tax Provision 26,000,000
Depreciation and Amortization 88,100,000
Capital Expenditure -53,700,000
Unlevered Free Cash Flow 93,660,975
Current Assets 365,100,000
Current Cash 176,200,000
Current Liabilities 190,700,000
Current Debt 54,000,000
Non-Cash Working Capital (NCWC) 52,200,000
Change in NCWC -18,800,000
EBIT 53,400,000
Tax Provision -200,000
Depreciation and Amortization 98,300,000
Capital Expenditure -37,200,000
Unlevered Free Cash Flow 95,700,000
Current Assets 327,100,000
Current Cash 95,700,000
Current Liabilities 219,800,000
Current Debt 59,400,000
Non-Cash Working Capital (NCWC) 71,000,000
Change in NCWC -60,752,000
EBIT 3,900,000
Tax Provision -54,600,000
Depreciation and Amortization 146,500,000
Capital Expenditure -22,000,000
Unlevered Free Cash Flow 67,648,000
Current Assets 308,050,000
Current Cash 45,974,000
Current Liabilities 193,859,000
Current Debt 63,535,000
Non-Cash Working Capital (NCWC) 131,752,000
Change in NCWC 20,732,000
EBIT 35,249,000
Tax Provision -15,922,000
Depreciation and Amortization 131,082,000
Capital Expenditure -66,414,000
Unlevered Free Cash Flow 120,649,000
Current Assets 266,711,000
Current Cash 90,679,000
Current Liabilities 108,068,000
Current Debt 43,056,000
Non-Cash Working Capital (NCWC) 111,020,000
Change in NCWC 74,738,000
EBIT 9,692,000
Tax Provision -52,282,000
Depreciation and Amortization 76,863,000
Capital Expenditure -19,792,000
Unlevered Free Cash Flow 141,501,000

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.