DCF Tool

USAK

USA Truck, Inc. – General Freight Trucking, Local
USA Truck provides comprehensive capacity solutions to a broad and diverse customer base throughout North America. Its Trucking and USAT Logistics divisions blend an extensive portfolio of asset and asset-light services, offering a balanced approach to supply chain management including customized truckload, dedicated contract carriage, intermodal and third-party logistics freight management services.
Analysis Results
Intrinsic Value $249.40
Latest Price $31.18
Relative Value 87% 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 31.0%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 11.6%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 31.0%, 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 100 89.7
2023 131 105
2024 172 124
2025 225 145
2026 295 170
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 3130 million. This corresponds to a present value of 1620 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 634 million. Adding in the terminal value gives a total present value of 2250 million.

There are presently 9.03 million outstanding shares, so the intrinsic value per share is 249.4.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 113,008,000
Current Cash 1,352,000
Current Liabilities 87,200,000
Current Debt 25,164,000
Non-Cash Working Capital (NCWC) 49,620,000
Change in NCWC 24,931,000
EBIT 36,508,000
Tax Provision 8,288,000
Depreciation and Amortization 35,865,000
Capital Expenditure -8,365,000
Unlevered Free Cash Flow 79,785,493
Current Assets 79,541,000
Current Cash 325,000
Current Liabilities 72,973,000
Current Debt 18,446,000
Non-Cash Working Capital (NCWC) 24,689,000
Change in NCWC 12,717,000
EBIT 13,873,000
Tax Provision 2,209,000
Depreciation and Amortization 41,359,000
Capital Expenditure -10,716,000
Unlevered Free Cash Flow 52,826,751
Current Assets 66,524,000
Current Cash 97,000
Current Liabilities 91,399,000
Current Debt 36,944,000
Non-Cash Working Capital (NCWC) 11,972,000
Change in NCWC -7,975,000
EBIT 2,606,000
Tax Provision -156,000
Depreciation and Amortization 37,193,000
Capital Expenditure -34,675,000
Unlevered Free Cash Flow -2,851,000
Current Assets 72,653,000
Current Cash 989,000
Current Liabilities 69,009,000
Current Debt 17,292,000
Non-Cash Working Capital (NCWC) 19,947,000
Change in NCWC 6,534,000
EBIT 18,219,000
Tax Provision 4,374,000
Depreciation and Amortization 28,324,000
Capital Expenditure -15,019,000
Unlevered Free Cash Flow 33,251,032
Current Assets 64,591,000
Current Cash 71,000
Current Liabilities 64,036,000
Current Debt 12,929,000
Non-Cash Working Capital (NCWC) 13,413,000
Change in NCWC -19,041,000
EBIT -2,841,000
Tax Provision -13,760,000
Depreciation and Amortization 28,463,000
Capital Expenditure -13,976,000
Unlevered Free Cash Flow -7,395,000
Current Assets 73,496,000
Current Cash 122,000
Current Liabilities 57,662,000
Current Debt 16,742,000
Non-Cash Working Capital (NCWC) 32,454,000
Change in NCWC -1,711,000
EBIT -529,000
Tax Provision -3,519,000
Depreciation and Amortization 29,954,000
Capital Expenditure -59,751,000
Unlevered Free Cash Flow -32,037,000
Current Assets 78,267,000
Current Cash 87,000
Current Liabilities 56,205,000
Current Debt 12,190,000
Non-Cash Working Capital (NCWC) 34,165,000
Change in NCWC -31,020,000
EBIT 18,266,000
Tax Provision 8,272,000
Depreciation and Amortization 37,480,000
Capital Expenditure -66,186,000
Unlevered Free Cash Flow -49,272,230
Current Assets 107,454,000
Current Cash 205,000
Current Liabilities 66,112,000
Current Debt 24,048,000
Non-Cash Working Capital (NCWC) 65,185,000
Change in NCWC 12,614,000
EBIT 16,136,000
Tax Provision 5,193,000
Depreciation and Amortization 43,830,000
Capital Expenditure -54,372,000
Unlevered Free Cash Flow 10,743,698
Current Assets 88,435,000
Current Cash 14,000
Current Liabilities 59,243,000
Current Debt 23,393,000
Non-Cash Working Capital (NCWC) 52,571,000
Change in NCWC 7,199,000
EBIT -10,315,000
Tax Provision -3,988,000
Depreciation and Amortization 44,947,000
Capital Expenditure -12,924,000
Unlevered Free Cash Flow 28,907,000
Current Assets 85,527,000
Current Cash 1,742,000
Current Liabilities 59,318,000
Current Debt 20,905,000
Non-Cash Working Capital (NCWC) 45,372,000
Change in NCWC 7,726,000
EBIT -25,423,000
Tax Provision -9,589,000
Depreciation and Amortization 45,058,000
Capital Expenditure -22,014,000
Unlevered Free Cash Flow 5,347,000

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.