DCF Tool


PetIQ Inc – Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
petiq is founded with a love of pets and a desire to improve pet lives with veterinarian recommended pet products, made here in the usa. petiq offers pet prescription medications, over-the-counter flea & tick preventatives, health & wellness supplements, and dog & cat treats - at savings to other brand name alternatives. the company's portfolio of brands includes minties® dental treats, advecta® and petaction® flea and tick preventatives, vetiq® health & wellness, delightibles® cat treats, and betsy farms® dog treats. products are distributed nationally through traditional retail partners. petiq is headquartered in eagle, idaho with manufacturing and distribution facilities in springville, utah; plano, texas; and daytona beach, florida. to learn more, visit petiq.com.
Analysis Results
Intrinsic Value $54.74
Latest Price $19.07
Relative Value 65% undervalued
Thoughts on this result? Let us know.
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 28.4%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 10.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 28.4%, 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 63.4 57.6
2024 81.5 67.1
2025 105 78.2
2026 134 91.1
2027 173 106
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 2150 million. This corresponds to a present value of 1200 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 400 million. Adding in the terminal value gives a total present value of 1600 million.

There are presently 29.2 million outstanding shares, so the intrinsic value per share is 54.74.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 370,112,000
Current Cash 101,265,000
Current Liabilities 149,490,000
Current Debt 8,751,000
Non-Cash Working Capital (NCWC) 128,108,000
Change in NCWC -1,423,000
EBIT 27,102,000
Tax Provision 1,214,000
Depreciation and Amortization 35,468,000
Capital Expenditure -11,973,000
Unlevered Free Cash Flow 49,174,000
Current Assets 298,689,000
Current Cash 79,406,000
Current Liabilities 98,102,000
Current Debt 8,350,000
Non-Cash Working Capital (NCWC) 129,531,000
Change in NCWC 13,995,000
EBIT 15,872,000
Tax Provision 3,869,000
Depreciation and Amortization 39,300,000
Capital Expenditure -31,270,000
Unlevered Free Cash Flow 37,897,000
Current Assets 242,296,000
Current Cash 33,456,000
Current Liabilities 101,067,000
Current Debt 7,763,000
Non-Cash Working Capital (NCWC) 115,536,000
Change in NCWC 26,578,000
EBIT -3,187,000
Tax Provision 52,216,000
Depreciation and Amortization 30,975,000
Capital Expenditure -22,392,000
Unlevered Free Cash Flow 31,974,000
Current Assets 185,423,000
Current Cash 27,272,000
Current Liabilities 73,014,000
Current Debt 3,821,000
Non-Cash Working Capital (NCWC) 88,958,000
Change in NCWC 9,542,000
EBIT 4,183,000
Tax Provision -3,309,000
Depreciation and Amortization 16,509,000
Capital Expenditure -10,276,000
Unlevered Free Cash Flow 19,958,000
Current Assets 207,721,000
Current Cash 66,360,000
Current Liabilities 64,196,000
Current Debt 2,251,000
Non-Cash Working Capital (NCWC) 79,416,000
Change in NCWC 26,477,000
EBIT 11,028,000
Tax Provision -661,000
Depreciation and Amortization 12,467,000
Capital Expenditure -7,178,000
Unlevered Free Cash Flow 42,794,000
Current Assets 108,875,000
Current Cash 37,896,000
Current Liabilities 18,191,000
Current Debt 151,000
Non-Cash Working Capital (NCWC) 52,939,000
Change in NCWC 7,923,000
EBIT 13,289,000
Tax Provision 3,970,000
Depreciation and Amortization 3,614,000
Capital Expenditure -4,131,000
Unlevered Free Cash Flow 16,219,108
Current Assets 56,537,000
Current Cash 767,000
Current Liabilities 13,075,000
Current Debt 2,321,000
Non-Cash Working Capital (NCWC) 45,016,000
Change in NCWC -1,040,000
EBIT 702,000
Tax Provision -756,000
Depreciation and Amortization 4,074,000
Capital Expenditure -2,041,000
Unlevered Free Cash Flow 1,695,000

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