DCF Tool

OLN

Olin Corp. – Other Chemical and Allied Products Merchant Wholesalers
olin corporation (nyse: oln) has a long history of supplying quality products and services to our customers, while generating value for our shareholders. on a daily basis, we are meeting our customers'‚Äč evolving needs through innovation and an unwavering commitment to exceeding expectations and maintaining the highest ethical standards. olin's 6,300 dedicated employees across the globe are also fully committed to being good neighbors and environmental stewards in the communities in which we operate. download the olin careers app today.
Analysis Results
Intrinsic Value $498.12
Latest Price $46.69
Relative Value 91% undervalued
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Cash Flow (Billions)
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 24.1%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 8.0%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 24.1%, 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 (billion) Present value (billion)
2023 1.98 1.84
2024 2.46 2.11
2025 3.06 2.43
2026 3.79 2.79
2027 4.71 3.2
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 79.9 billion. This corresponds to a present value of 50.3 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 12.4 billion. Adding in the terminal value gives a total present value of 62.7 billion.

There are presently 126.0 million outstanding shares, so the intrinsic value per share is 498.12.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 2,156,400,000
Current Cash 194,000,000
Current Liabilities 1,561,400,000
Current Debt 9,700,000
Non-Cash Working Capital (NCWC) 410,700,000
Change in NCWC -176,100,000
EBIT 1,788,000,000
Tax Provision 349,100,000
Depreciation and Amortization 598,800,000
Capital Expenditure -236,900,000
Unlevered Free Cash Flow 1,601,371,121
Current Assets 2,248,300,000
Current Cash 180,500,000
Current Liabilities 1,682,100,000
Current Debt 201,100,000
Non-Cash Working Capital (NCWC) 586,800,000
Change in NCWC 232,000,000
EBIT 1,877,300,000
Tax Provision 242,000,000
Depreciation and Amortization 582,500,000
Capital Expenditure -200,600,000
Unlevered Free Cash Flow 2,195,946,474
Current Assets 1,717,100,000
Current Cash 189,700,000
Current Liabilities 1,198,900,000
Current Debt 26,300,000
Non-Cash Working Capital (NCWC) 354,800,000
Change in NCWC -58,200,000
EBIT -38,600,000
Tax Provision -50,100,000
Depreciation and Amortization 568,400,000
Capital Expenditure -298,900,000
Unlevered Free Cash Flow 172,700,000
Current Assets 1,714,000,000
Current Cash 220,900,000
Current Liabilities 1,082,200,000
Current Debt 2,100,000
Non-Cash Working Capital (NCWC) 413,000,000
Change in NCWC -123,200,000
EBIT 253,900,000
Tax Provision -25,600,000
Depreciation and Amortization 597,400,000
Capital Expenditure -385,600,000
Unlevered Free Cash Flow 342,500,000
Current Assets 1,707,400,000
Current Cash 178,800,000
Current Liabilities 1,118,300,000
Current Debt 125,900,000
Non-Cash Working Capital (NCWC) 536,200,000
Change in NCWC 9,000,000
EBIT 673,700,000
Tax Provision 109,400,000
Depreciation and Amortization 601,400,000
Capital Expenditure -385,200,000
Unlevered Free Cash Flow 730,359,455
Current Assets 1,699,200,000
Current Cash 218,400,000
Current Liabilities 954,300,000
Current Debt 700,000
Non-Cash Working Capital (NCWC) 527,200,000
Change in NCWC 7,600,000
EBIT 379,900,000
Tax Provision -432,300,000
Depreciation and Amortization 558,900,000
Capital Expenditure -294,300,000
Unlevered Free Cash Flow 652,100,000
Current Assets 1,546,200,000
Current Cash 184,500,000
Current Liabilities 922,600,000
Current Debt 80,500,000
Non-Cash Working Capital (NCWC) 519,600,000
Change in NCWC -80,600,000
EBIT 305,400,000
Tax Provision -30,300,000
Depreciation and Amortization 533,500,000
Capital Expenditure -278,000,000
Unlevered Free Cash Flow 480,300,000
Current Assets 1,933,400,000
Current Cash 392,000,000
Current Liabilities 1,147,700,000
Current Debt 206,500,000
Non-Cash Working Capital (NCWC) 600,200,000
Change in NCWC 402,200,000
EBIT 182,800,000
Tax Provision 8,100,000
Depreciation and Amortization 228,900,000
Capital Expenditure -130,900,000
Unlevered Free Cash Flow 674,900,000
Current Assets 816,100,000
Current Cash 256,800,000
Current Liabilities 377,700,000
Current Debt 16,400,000
Non-Cash Working Capital (NCWC) 198,000,000
Change in NCWC 60,800,000
EBIT 219,300,000
Tax Provision 57,700,000
Depreciation and Amortization 139,100,000
Capital Expenditure -71,800,000
Unlevered Free Cash Flow 269,627,350
Current Assets 839,900,000
Current Cash 307,800,000
Current Liabilities 407,500,000
Current Debt 12,600,000
Non-Cash Working Capital (NCWC) 137,200,000
Change in NCWC -36,300,000
EBIT 294,100,000
Tax Provision 71,400,000
Depreciation and Amortization 135,300,000
Capital Expenditure -90,800,000
Unlevered Free Cash Flow 218,305,040
Current Assets 749,100,000
Current Cash 165,200,000
Current Liabilities 434,000,000
Current Debt 23,600,000
Non-Cash Working Capital (NCWC) 173,500,000
Change in NCWC 84,900,000
EBIT 271,100,000
Tax Provision 75,600,000
Depreciation and Amortization 110,900,000
Capital Expenditure -255,700,000
Unlevered Free Cash Flow 120,191,296

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