DCF Tool


Helios Technologies Inc – Fluid Power Valve and Hose Fitting Manufacturing
helios technologies, inc. develops, manufactures, and sells solutions for the hydraulics and electronics markets in the americas, europe, the middle east, africa, and the asia pacific. the company operates in two segments, hydraulics and electronics. the hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers. this segment sells its products under the sun hydraulics, faster, and custom fluidpower brands. the electronics segment offers displays, controls, and instrumentation products for off-highway, recreational and commercial marine, power sports and specialty vehicles, agriculture and water pumping, power generation, and engine-driven ind
Analysis Results
Intrinsic Value $200.14
Latest Price $54.75
Relative Value 73% undervalued
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Cash Flow (Millions)
Analysis Parameters
New Ticker
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 22.7%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.9%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 22.7%, 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)
2023 215 199
2024 264 226
2025 323 257
2026 397 292
2027 487 333
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 8380 million. This corresponds to a present value of 5300 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 1310 million. Adding in the terminal value gives a total present value of 6610 million.

There are presently 33.0 million outstanding shares, so the intrinsic value per share is 200.14.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 388,500,000
Current Cash 43,700,000
Current Liabilities 152,300,000
Current Debt 19,000,000
Non-Cash Working Capital (NCWC) 211,500,000
Change in NCWC 39,801,000
EBIT 137,300,000
Tax Provision 23,400,000
Depreciation and Amortization 51,600,000
Capital Expenditure -35,000,000
Unlevered Free Cash Flow 167,323,167
Current Assets 351,634,000
Current Cash 28,540,000
Current Liabilities 169,520,000
Current Debt 18,125,000
Non-Cash Working Capital (NCWC) 171,699,000
Change in NCWC 54,679,000
EBIT 149,309,000
Tax Provision 26,583,000
Depreciation and Amortization 54,401,000
Capital Expenditure -29,293,000
Unlevered Free Cash Flow 198,839,014
Current Assets 254,019,000
Current Cash 25,216,000
Current Liabilities 128,012,000
Current Debt 16,229,000
Non-Cash Working Capital (NCWC) 117,020,000
Change in NCWC 15,384,000
EBIT 67,283,000
Tax Provision 9,829,000
Depreciation and Amortization 39,695,000
Capital Expenditure -14,580,000
Unlevered Free Cash Flow 80,280,664
Current Assets 192,589,000
Current Cash 22,123,000
Current Liabilities 76,453,000
Current Debt 7,623,000
Non-Cash Working Capital (NCWC) 101,636,000
Change in NCWC 16,032,000
EBIT 94,552,000
Tax Provision 15,039,000
Depreciation and Amortization 35,215,000
Capital Expenditure -25,025,000
Unlevered Free Cash Flow 101,891,724
Current Assets 196,856,000
Current Cash 23,477,000
Current Liabilities 92,990,000
Current Debt 5,215,000
Non-Cash Working Capital (NCWC) 85,604,000
Change in NCWC 48,573,000
EBIT 75,554,000
Tax Provision 9,665,000
Depreciation and Amortization 39,714,000
Capital Expenditure -28,380,000
Unlevered Free Cash Flow 122,512,522
Current Assets 146,776,000
Current Cash 63,882,000
Current Liabilities 45,863,000
Current Debt 0
Non-Cash Working Capital (NCWC) 37,031,000
Change in NCWC 7,885,000
EBIT 62,522,000
Tax Provision 15,986,000
Depreciation and Amortization 19,190,000
Capital Expenditure -22,205,000
Unlevered Free Cash Flow 46,369,858
Current Assets 141,268,000
Current Cash 81,046,000
Current Liabilities 31,076,000
Current Debt 0
Non-Cash Working Capital (NCWC) 29,146,000
Change in NCWC 9,916,000
EBIT 34,459,000
Tax Provision 11,597,000
Depreciation and Amortization 11,318,000
Capital Expenditure -7,414,000
Unlevered Free Cash Flow 36,828,868
Current Assets 157,018,000
Current Cash 126,106,000
Current Liabilities 11,682,000
Current Debt 0
Non-Cash Working Capital (NCWC) 19,230,000
Change in NCWC -389,000
EBIT 46,891,000
Tax Provision 16,092,000
Depreciation and Amortization 9,557,000
Capital Expenditure -7,531,000
Unlevered Free Cash Flow 33,200,557
Current Assets 135,547,000
Current Cash 100,196,000
Current Liabilities 15,732,000
Current Debt 0
Non-Cash Working Capital (NCWC) 19,619,000
Change in NCWC -1,778,000
EBIT 64,071,000
Tax Provision 21,967,000
Depreciation and Amortization 8,718,000
Capital Expenditure -11,742,000
Unlevered Free Cash Flow 37,860,347
Current Assets 129,056,000
Current Cash 93,641,000
Current Liabilities 14,018,000
Current Debt 0
Non-Cash Working Capital (NCWC) 21,397,000
Change in NCWC 3,377,000
EBIT 56,171,000
Tax Provision 19,188,000
Depreciation and Amortization 7,227,000
Capital Expenditure -17,935,000
Unlevered Free Cash Flow 29,987,954
Current Assets 102,445,000
Current Cash 72,178,000
Current Liabilities 12,247,000
Current Debt 0
Non-Cash Working Capital (NCWC) 18,020,000
Change in NCWC 1,370,000
EBIT 54,409,000
Tax Provision 18,455,000
Depreciation and Amortization 7,186,000
Capital Expenditure -13,359,000
Unlevered Free Cash Flow 31,628,127

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