DCF Tool

ODC

Oil-Dri Corp. Of America – All Other Miscellaneous Manufacturing
our mission is to create value from sorbent minerals. over the past 75 years we have become a leading manufacturer and supplier of high-quality sorbent products for consumer and business to business markets. we are passionate about continuously improving the value our customers receive from our products and services. we take pride in being an organization that emphasizes high moral and ethical values. we are vertically integrated which enables us to efficiently oversee every step in our processes—from research and development to supply chain to marketing and sales. we handle it all with honesty, integrity and a passion for excellence.
Analysis Results
Intrinsic Value $103.51
Latest Price $70.01
Relative Value 32% undervalued
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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 12.6%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.3%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 12.6%, 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)
2024 21.1 19.7
2025 23.8 20.6
2026 26.8 21.6
2027 30.1 22.7
2028 33.9 23.8
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 647 million. This corresponds to a present value of 423 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 108 million. Adding in the terminal value gives a total present value of 531 million.

There are presently 5.13 million outstanding shares, so the intrinsic value per share is 103.51.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 136,507,000
Current Cash 31,754,000
Current Liabilities 58,768,000
Current Debt 1,000,000
Non-Cash Working Capital (NCWC) 46,985,000
Change in NCWC -3,883,000
EBIT 41,040,000
Tax Provision 5,195,000
Depreciation and Amortization 15,528,000
Capital Expenditure -24,368,000
Unlevered Free Cash Flow 22,168,929
Current Assets 114,681,000
Current Cash 16,298,000
Current Liabilities 48,515,000
Current Debt 1,000,000
Non-Cash Working Capital (NCWC) 50,868,000
Change in NCWC 11,507,000
EBIT 10,465,000
Tax Provision 97,000
Depreciation and Amortization 13,474,000
Capital Expenditure -22,831,000
Unlevered Free Cash Flow 12,437,192
Current Assets 101,942,000
Current Cash 24,591,000
Current Liabilities 38,990,000
Current Debt 1,000,000
Non-Cash Working Capital (NCWC) 39,361,000
Change in NCWC 17,038,000
EBIT 13,036,000
Tax Provision 2,388,000
Depreciation and Amortization 14,177,000
Capital Expenditure -18,839,000
Unlevered Free Cash Flow 23,083,307
Current Assets 108,420,000
Current Cash 40,890,000
Current Liabilities 46,207,000
Current Debt 1,000,000
Non-Cash Working Capital (NCWC) 22,323,000
Change in NCWC -15,568,000
EBIT 24,827,000
Tax Provision 4,280,000
Depreciation and Amortization 13,923,000
Capital Expenditure -14,740,000
Unlevered Free Cash Flow 3,826,033
Current Assets 89,276,000
Current Cash 21,862,000
Current Liabilities 32,606,000
Current Debt 3,083,000
Non-Cash Working Capital (NCWC) 37,891,000
Change in NCWC 2,624,000
EBIT 10,412,000
Tax Provision 1,933,000
Depreciation and Amortization 13,330,000
Capital Expenditure -15,029,000
Unlevered Free Cash Flow 9,953,552
Current Assets 83,014,000
Current Cash 19,881,000
Current Liabilities 30,949,000
Current Debt 3,083,000
Non-Cash Working Capital (NCWC) 35,267,000
Change in NCWC 792,000
EBIT 14,670,000
Tax Provision 6,644,000
Depreciation and Amortization 12,756,000
Capital Expenditure -15,074,000
Unlevered Free Cash Flow 6,587,597
Current Assets 97,017,000
Current Cash 32,671,000
Current Liabilities 32,954,000
Current Debt 3,083,000
Non-Cash Working Capital (NCWC) 34,475,000
Change in NCWC -228,000
EBIT 15,230,000
Tax Provision 3,753,000
Depreciation and Amortization 12,772,000
Capital Expenditure -14,763,000
Unlevered Free Cash Flow 9,081,251
Current Assets 91,173,000
Current Cash 28,813,000
Current Liabilities 30,740,000
Current Debt 3,083,000
Non-Cash Working Capital (NCWC) 34,703,000
Change in NCWC -207,000
EBIT 15,413,000
Tax Provision 744,000
Depreciation and Amortization 12,192,000
Capital Expenditure -10,684,000
Unlevered Free Cash Flow 15,915,276
Current Assets 82,643,000
Current Cash 22,328,000
Current Liabilities 28,888,000
Current Debt 3,483,000
Non-Cash Working Capital (NCWC) 34,910,000
Change in NCWC -3,736,000
EBIT 15,153,000
Tax Provision 2,801,000
Depreciation and Amortization 11,994,000
Capital Expenditure -15,859,000
Unlevered Free Cash Flow 4,556,477
Current Assets 83,516,000
Current Cash 18,870,000
Current Liabilities 29,500,000
Current Debt 3,500,000
Non-Cash Working Capital (NCWC) 38,646,000
Change in NCWC 5,715,000
EBIT 12,418,000
Tax Provision 2,981,000
Depreciation and Amortization 10,396,000
Capital Expenditure -18,566,000
Unlevered Free Cash Flow 6,697,757
Current Assets 103,372,000
Current Cash 42,494,000
Current Liabilities 31,447,000
Current Debt 3,500,000
Non-Cash Working Capital (NCWC) 32,931,000
Change in NCWC -693,000
EBIT 18,941,000
Tax Provision 2,913,000
Depreciation and Amortization 8,946,000
Capital Expenditure -9,795,000
Unlevered Free Cash Flow 14,245,955
Current Assets 95,202,000
Current Cash 36,256,000
Current Liabilities 29,122,000
Current Debt 3,800,000
Non-Cash Working Capital (NCWC) 33,624,000
Change in NCWC -1,590,000
EBIT 11,702,000
Tax Provision 2,263,000
Depreciation and Amortization 9,272,000
Capital Expenditure -6,960,000
Unlevered Free Cash Flow 9,256,720

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