DCF Tool

ULH

Universal Logistics Holdings Inc – General Freight Trucking, Local
Universal Logistics Holdings, Inc. is a leading asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. It provides its customers with supply chain solutions that can be scaled to meet their changing demands and volumes. The Company offers its customers a broad array of services across their entire supply chain, including truckload, brokerage, intermodal, dedicated, and value-added services.
Analysis Results
Intrinsic Value $309.30
Latest Price $31.93
Relative Value 90% 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 20.3%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 5.9%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 20.3%, 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)
2022 184 173
2023 221 197
2024 266 223
2025 319 254
2026 384 288
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 9950 million. This corresponds to a present value of 7040 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 1140 million. Adding in the terminal value gives a total present value of 8180 million.

There are presently 26.4 million outstanding shares, so the intrinsic value per share is 309.3.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 420,695,000
Current Cash 21,963,000
Current Liabilities 312,709,000
Current Debt 61,160,000
Non-Cash Working Capital (NCWC) 147,183,000
Change in NCWC 54,050,000
EBIT 102,960,000
Tax Provision 24,848,000
Depreciation and Amortization 93,595,000
Capital Expenditure -38,841,000
Unlevered Free Cash Flow 185,812,243
Current Assets 321,524,000
Current Cash 15,297,000
Current Liabilities 272,807,000
Current Debt 59,713,000
Non-Cash Working Capital (NCWC) 93,133,000
Change in NCWC 30,484,000
EBIT 80,359,000
Tax Provision 15,778,000
Depreciation and Amortization 101,968,000
Capital Expenditure -90,710,000
Unlevered Free Cash Flow 102,262,096
Current Assets 271,843,000
Current Cash 17,095,000
Current Liabilities 251,575,000
Current Debt 59,476,000
Non-Cash Working Capital (NCWC) 62,649,000
Change in NCWC -28,283,000
EBIT 65,380,000
Tax Provision 12,600,000
Depreciation and Amortization 74,765,000
Capital Expenditure -79,753,000
Unlevered Free Cash Flow 15,694,302
Current Assets 275,258,000
Current Cash 15,060,000
Current Liabilities 221,169,000
Current Debt 51,903,000
Non-Cash Working Capital (NCWC) 90,932,000
Change in NCWC 37,282,000
EBIT 83,794,000
Tax Provision 17,211,000
Depreciation and Amortization 54,425,000
Capital Expenditure -66,585,000
Unlevered Free Cash Flow 88,132,035
Current Assets 228,666,000
Current Cash 16,816,000
Current Liabilities 199,070,000
Current Debt 40,870,000
Non-Cash Working Capital (NCWC) 53,650,000
Change in NCWC -27,726,000
EBIT 25,214,000
Tax Provision -11,012,000
Depreciation and Amortization 46,995,000
Capital Expenditure -63,360,000
Unlevered Free Cash Flow -18,877,000
Current Assets 207,451,000
Current Cash 16,114,000
Current Liabilities 144,516,000
Current Debt 34,555,000
Non-Cash Working Capital (NCWC) 81,376,000
Change in NCWC -10,094,000
EBIT 46,580,000
Tax Provision 15,161,000
Depreciation and Amortization 36,702,000
Capital Expenditure -97,351,000
Unlevered Free Cash Flow -42,084,567
Current Assets 209,531,000
Current Cash 26,361,000
Current Liabilities 154,104,000
Current Debt 62,404,000
Non-Cash Working Capital (NCWC) 91,470,000
Change in NCWC 889,000
EBIT 73,395,000
Tax Provision 25,004,000
Depreciation and Amortization 34,873,000
Capital Expenditure -26,257,000
Unlevered Free Cash Flow 54,668,808
Current Assets 216,280,000
Current Cash 22,310,000
Current Liabilities 114,033,000
Current Debt 10,644,000
Non-Cash Working Capital (NCWC) 90,581,000
Change in NCWC 2,937,000
EBIT 80,835,000
Tax Provision 27,729,000
Depreciation and Amortization 33,053,000
Capital Expenditure -59,784,000
Unlevered Free Cash Flow 26,377,465
Current Assets 203,389,000
Current Cash 21,849,000
Current Liabilities 100,970,000
Current Debt 7,074,000
Non-Cash Working Capital (NCWC) 87,644,000
Change in NCWC 34,739,000
EBIT 84,493,000
Tax Provision 30,344,000
Depreciation and Amortization 19,686,000
Capital Expenditure -17,035,000
Unlevered Free Cash Flow 90,197,602
Current Assets 169,138,000
Current Cash 12,516,000
Current Liabilities 103,717,000
Current Debt 0
Non-Cash Working Capital (NCWC) 52,905,000
Change in NCWC 16,152,000
EBIT 69,157,000
Tax Provision 20,264,000
Depreciation and Amortization 18,237,000
Capital Expenditure -29,566,000
Unlevered Free Cash Flow 53,356,656

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.