DCF Tool

GRC

Gorman-Rupp Co. – Pump and Pumping Equipment Manufacturing
gorman-rupp designs and manufactures a vast array of innovative pumps and pump systems for water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, hvac, medical, food, and military applications. just to name a few. with worldwide sales to a broad range of customers, you can be confident that whatever your fluid-handling needs, gorman-rupp is the name to count on.
Analysis Results
Intrinsic Value $22.50
Latest Price $36.59
Relative Value 63% overvalued
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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 1.0%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.7%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 1.0%, 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)
2023 36.9 34.3
2024 37.3 32.2
2025 37.7 30.2
2026 38.1 28.3
2027 38.5 26.5
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 686 million. This corresponds to a present value of 439 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 151 million. Adding in the terminal value gives a total present value of 590 million.

There are presently 26.2 million outstanding shares, so the intrinsic value per share is 22.5.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 225,526,000
Current Cash 6,783,000
Current Liabilities 85,213,000
Current Debt 17,500,000
Non-Cash Working Capital (NCWC) 151,030,000
Change in NCWC 51,482,000
EBIT 40,183,000
Tax Provision 2,677,000
Depreciation and Amortization 21,158,000
Capital Expenditure -17,986,000
Unlevered Free Cash Flow 87,082,538
Current Assets 277,182,000
Current Cash 125,194,000
Current Liabilities 52,440,000
Current Debt 0
Non-Cash Working Capital (NCWC) 99,548,000
Change in NCWC -569,000
EBIT 39,356,000
Tax Provision 7,397,000
Depreciation and Amortization 11,914,000
Capital Expenditure -9,751,000
Unlevered Free Cash Flow 33,134,376
Current Assets 246,821,000
Current Cash 108,203,000
Current Liabilities 38,501,000
Current Debt 0
Non-Cash Working Capital (NCWC) 100,117,000
Change in NCWC -1,498,000
EBIT 35,753,000
Tax Provision 6,058,000
Depreciation and Amortization 12,692,000
Capital Expenditure -7,999,000
Unlevered Free Cash Flow 32,016,179
Current Assets 227,665,000
Current Cash 80,555,000
Current Liabilities 45,495,000
Current Debt 0
Non-Cash Working Capital (NCWC) 101,615,000
Change in NCWC -12,148,000
EBIT 43,840,000
Tax Provision 9,351,000
Depreciation and Amortization 13,749,000
Capital Expenditure -10,912,000
Unlevered Free Cash Flow 25,452,530
Current Assets 208,686,000
Current Cash 46,458,000
Current Liabilities 48,465,000
Current Debt 0
Non-Cash Working Capital (NCWC) 113,763,000
Change in NCWC 11,205,000
EBIT 50,639,000
Tax Provision 10,337,000
Depreciation and Amortization 14,484,000
Capital Expenditure -10,947,000
Unlevered Free Cash Flow 54,977,642
Current Assets 227,934,000
Current Cash 79,680,000
Current Liabilities 45,696,000
Current Debt 0
Non-Cash Working Capital (NCWC) 102,558,000
Change in NCWC 5,614,000
EBIT 41,956,000
Tax Provision 12,823,000
Depreciation and Amortization 15,053,000
Capital Expenditure -7,754,000
Unlevered Free Cash Flow 41,206,503
Current Assets 203,900,000
Current Cash 57,604,000
Current Liabilities 49,352,000
Current Debt 0
Non-Cash Working Capital (NCWC) 96,944,000
Change in NCWC -25,263,000
EBIT 37,497,000
Tax Provision 11,599,000
Depreciation and Amortization 15,529,000
Capital Expenditure -6,877,000
Unlevered Free Cash Flow 8,964,293
Current Assets 189,391,000
Current Cash 23,724,000
Current Liabilities 43,460,000
Current Debt 0
Non-Cash Working Capital (NCWC) 122,207,000
Change in NCWC -1,665,000
EBIT 36,391,000
Tax Provision 12,157,000
Depreciation and Amortization 15,282,000
Capital Expenditure -8,260,000
Unlevered Free Cash Flow 29,876,444
Current Assets 200,709,000
Current Cash 24,491,000
Current Liabilities 64,346,000
Current Debt 12,000,000
Non-Cash Working Capital (NCWC) 123,872,000
Change in NCWC 17,719,000
EBIT 53,305,000
Tax Provision 17,593,000
Depreciation and Amortization 14,615,000
Capital Expenditure -13,275,000
Unlevered Free Cash Flow 54,911,458
Current Assets 189,289,000
Current Cash 31,376,000
Current Liabilities 60,760,000
Current Debt 9,000,000
Non-Cash Working Capital (NCWC) 106,153,000
Change in NCWC -6,328,000
EBIT 41,921,000
Tax Provision 14,173,000
Depreciation and Amortization 13,588,000
Capital Expenditure -21,015,000
Unlevered Free Cash Flow 14,747,151
Current Assets 175,675,000
Current Cash 20,373,000
Current Liabilities 64,821,000
Current Debt 22,000,000
Non-Cash Working Capital (NCWC) 112,481,000
Change in NCWC 18,684,000
EBIT 42,183,000
Tax Provision 14,244,000
Depreciation and Amortization 12,066,000
Capital Expenditure -16,373,000
Unlevered Free Cash Flow 42,404,590

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