DCF Tool

ODC

Oil-Dri Corp. Of America – All Other Miscellaneous Manufacturing
Oil-Dri is a leading manufacturer and supplier of high-quality sorbent mineral products for the Pet Care, Animal Health & Nutrition, Fluids Purification, Agricultural Ingredients, Industrial & Automotive, and Sports Fields markets. Oil-Dri is vertically integrated which enables the company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 75 years of experience, the company continues to fulfill its mission to Create Value from Sorbent Minerals.
Analysis Results
Intrinsic Value $71.93
Latest Price $34.12
Relative Value 53% 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 3.7%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 4.7%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 3.7%, 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 11.8 11.2
2024 12.2 11.1
2025 12.6 11.0
2026 13.1 10.9
2027 13.6 10.8
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 408 million. This corresponds to a present value of 310 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 55.1 million. Adding in the terminal value gives a total present value of 365 million.

There are presently 5.08 million outstanding shares, so the intrinsic value per share is 71.93.

Financial Statements

The following data was to determine the past cash flows.

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

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.