DCF Tool


RB Global Inc – All Other Business Support Services
established in 1958, ritchie bros. (nyse and tsx: rba) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company’s selling channels include: ritchie bros. auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; ironplanet, an online marketplace with featured weekly auctions and providing its exclusive ironclad assurance® equipment condition certification; marketplacee, an online marketplace offering multiple price and timing options; mascus, a leading european online equipment listing service; and ritchie bros. private treaty, offering privately negotiated sales. the company also offers sector-specific solutions including govplanet, truckplanet, kruse energy auctioneers, and cat® auctions, plu
Analysis Results
Intrinsic Value $22.94
Latest Price $63.36
Relative Value 176% overvalued
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 9.3%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.7%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 9.3%, 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 197 183
2024 215 185
2025 235 188
2026 257 191
2027 281 194
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 5040 million. This corresponds to a present value of 3230 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 941 million. Adding in the terminal value gives a total present value of 4180 million.

There are presently 182.0 million outstanding shares, so the intrinsic value per share is 22.94.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 963,117,000
Current Cash 494,324,000
Current Liabilities 795,290,000
Current Debt 33,504,000
Non-Cash Working Capital (NCWC) -292,993,000
Change in NCWC -150,328,000
EBIT 320,019,000
Tax Provision 86,230,000
Depreciation and Amortization 116,528,000
Capital Expenditure -71,937,000
Unlevered Free Cash Flow 146,311,423
Current Assets 762,222,000
Current Cash 326,113,000
Current Liabilities 588,419,000
Current Debt 9,645,000
Non-Cash Working Capital (NCWC) -142,665,000
Change in NCWC 54,395,000
EBIT 269,700,000
Tax Provision 53,378,000
Depreciation and Amortization 100,721,000
Capital Expenditure -43,487,000
Unlevered Free Cash Flow 311,183,766
Current Assets 556,778,000
Current Cash 278,766,000
Current Liabilities 514,577,000
Current Debt 39,505,000
Non-Cash Working Capital (NCWC) -197,060,000
Change in NCWC -38,697,000
EBIT 269,227,000
Tax Provision 65,530,000
Depreciation and Amortization 87,161,000
Capital Expenditure -43,136,000
Unlevered Free Cash Flow 199,763,381
Current Assets 679,584,000
Current Cash 359,671,000
Current Liabilities 501,258,000
Current Debt 22,982,000
Non-Cash Working Capital (NCWC) -158,363,000
Change in NCWC -117,087,000
EBIT 219,935,000
Tax Provision 41,623,000
Depreciation and Amortization 70,501,000
Capital Expenditure -41,004,000
Unlevered Free Cash Flow 84,356,896
Current Assets 603,538,000
Current Cash 237,744,000
Current Liabilities 440,092,000
Current Debt 33,022,000
Non-Cash Working Capital (NCWC) -41,276,000
Change in NCWC 82,677,000
EBIT 187,339,000
Tax Provision 31,006,000
Depreciation and Amortization 66,614,000
Capital Expenditure -43,012,000
Unlevered Free Cash Flow 255,531,600
Current Assets 508,487,000
Current Cash 267,910,000
Current Liabilities 388,455,000
Current Debt 23,925,000
Non-Cash Working Capital (NCWC) -123,953,000
Change in NCWC -65,162,000
EBIT 155,514,000
Tax Provision 2,088,000
Depreciation and Amortization 52,694,000
Capital Expenditure -39,396,000
Unlevered Free Cash Flow 99,454,413
Current Assets 377,998,000
Current Cash 207,867,000
Current Liabilities 252,834,000
Current Debt 23,912,000
Non-Cash Working Capital (NCWC) -58,791,000
Change in NCWC -44,474,000
EBIT 176,971,000
Tax Provision 36,982,000
Depreciation and Amortization 40,861,000
Capital Expenditure -36,476,000
Unlevered Free Cash Flow 86,728,418

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