Darling Ingredients Inc. (DAR) Nathan Winklepleck, CFA's Nathan's Discounted Free Cash Flow - Discounting Cash Flows
DAR
Darling Ingredients Inc.
DAR (NYSE)

Estimated Value

USD

Market Price USD

* Values are not guaranteed, please do your own
research before making investment decisions.

Nathan's Discounted Free Cash Flow Model

The Discounted Free Cash Flow (DCF) model calculates the value of a company by estimating its future Free Cash Flows to the Firm (FCFF) and discounting them to their present value. The value of a share is then derived by adjusting for net debt and dividing by the number of shares outstanding.

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Interactive Assumptions

Discount Rate

Discount Rate

Discount Rate = 10 Year Treasury Note Yield + 4%

Growth In Perpetuity

Growth in Perpetuity

The rate at which the company's free cash flow is assumed to grow indefinitely. By default, this rate equals the yield of the U.S. 10-Year Treasury Bond.

Historical Years

Historical Years

The number of years of historical data used to calculate averages and trends for analysis.

Projection Years

Projection Years

The number of years into the future for which the analysis projects financial performance and metrics.

Revenue Growth Rate

Revenue Growth Rate

The annual growth rate applied to projected revenue, starting from the second projection year onward.

Operating Cash Flow Margin

Operating Cash Flow Margin

Projected Operating Cash Flow = Projected Revenue * Operating Cash Flow Margin

This margin represents the percentage of revenue used to estimate future Operating Cash Flow.

Capital Expenditure Margin

Capital Expenditure Margin

Projected Free Cash Flow = Projected Operating Cash Flow - Projected Revenue * Capital Expenditure Margin

This margin is used to estimate future capital expenditures as a percentage of revenue, which in turn is subtracted from Operating Cash Flow to calculate Free Cash Flow.

Results

Terminal Value 13.43 Bil. USD
Discounted Terminal Value 6.21 Bil. USD
Sum of Discounted Free Cash Flow 2.78 Bil. USD
Enterprise Value 8.99 Bil. USD
Cash and Equivalents 88.67 Mil. USD
Total Debt 3.94 Bil. USD
Equity Value 5.14 Bil. USD
Shares Outstanding 158.2 Mil. USD
Estimated Value per Share 32.49 USD
Yield of the U.S. 10 Year Treasury Note 4.02%
Average Cash from Operating Activities Margin 11.64%
Average Capital Expenditure Margin -6.61%

Monetary values in USD

Edit Chart Values 2027-01-03 2028-01-03 2029-01-03 2030-01-03 2031-01-03 2032-01-03 2033-01-03 2034-01-03 2035-01-03 2036-01-03

Monetary values in USD

amounts except #

2026
Jan 03
2027
Jan 03
2028
Jan 03
2029
Jan 03
2030
Jan 03
2031
Jan 03
2032
Jan 03
2033
Jan 03
2034
Jan 03
2035
Jan 03
Revenue 6,537 6,946 7,362 7,781 8,203 8,625 9,044 9,458 9,865 10,261
Revenue Growth Rate 6.54% 6.26% 5.98% 5.7% 5.42% 5.14% 4.86% 4.58% 4.3% 4.02%
Operating Cash Flow 760.9 808.6 856.9 905.8 954.8 1,004 1,053 1,101 1,148 1,194
Operating Cash Flow Margin 11.64% 11.64% 11.64% 11.64% 11.64% 11.64% 11.64% 11.64% 11.64% 11.64%
Capital Expenditure -432 -459 -486.5 -514.2 -542.1 -569.9 -597.6 -625 -651.9 -678.1
Capital Expenditure Margin -6.61% -6.61% -6.61% -6.61% -6.61% -6.61% -6.61% -6.61% -6.61% -6.61%
Free Cash Flow 329 349.5 370.4 391.6 412.8 434 455.1 475.9 496.4 516.4
Free Cash Flow Margin 5.03% 5.03% 5.03% 5.03% 5.03% 5.03% 5.03% 5.03% 5.03% 5.03%
Compounded Discount Rate 6.77% 15.33% 24.61% 34.6% 45.4% 57.06% 69.69% 83.3% 98% 113.9%
Discounted Free Cash Flow 308.1 303.1 297.3 290.9 283.9 276.3 268.2 259.6 250.7 241.4

Monetary values in USD

amounts except #

Average LTM
Feb 27
2025
Jan 03
2024
Dec 28
2023
Dec 31
2022
Dec 31
2021
Dec 31
2020
Dec 31
2019
Dec 31
2018
Dec 31
2017
Dec 31
2016
Dec 31
Revenue 4,858 6,136 6,136 5,715 6,788 6,532 4,741 3,572 3,364 3,388 3,662 3,398
Revenue Growth Rate 6.54% 0% 7.36% -15.81% 3.92% 37.77% 32.74% 6.18% -0.703% -7.5% 7.77% 0.202%
Cost of Revenue 3,784 4,926 5,171 4,437 5,143 5,003 3,499 2,689 2,589 2,647 2,876 2,642
Gross Profit 1,074 1,210 965 1,278 1,645 1,530 1,242 883.1 774.8 740.6 786.4 756.4
Gross Margin 22.27% 19.72% 15.73% 22.36% 24.23% 23.42% 26.19% 24.72% 23.03% 21.86% 21.47% 22.26%
Operating Income 508.8 365.3 413.8 468.2 949.7 1,029 884.5 430.9 475.8 255 169.4 154.7
Operating Margin 10.2% 5.95% 6.74% 8.19% 13.99% 15.75% 18.65% 12.06% 14.14% 7.53% 4.63% 4.55%
Net Income 307.5 62.8 62.8 278.9 647.7 737.7 650.9 296.8 312.6 101.5 128.5 102.3
Net Margin 6.24% 1.02% 1.02% 4.88% 9.54% 11.29% 13.73% 8.31% 9.29% 3% 3.51% 3.01%
Cash from Operating Activities 551.2 619.1 0 839.3 899.3 813.7 704.4 624.7 362.6 398.6 410.4 391
Cash from Operating Activities Margin 11.65% 10.09% 0% 14.69% 13.25% 12.46% 14.86% 17.49% 10.78% 11.77% 11.21% 11.51%
Capital Expenditure -298 -224.1 0 -332.5 -557 -392.8 -274.4 -283.9 -363.1 -325.8 -281.3 -243.5
Free Cash Flow 253.2 395 0 506.8 342.3 420.9 430 340.7 -0.528 72.84 129.1 147.5
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Discounting Cash Flows

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