Intrinsic value of Antero Resources Corporation (AR)

[per Chepakovich valuation model]

other valuations of AR

[per Chepakovich valuation model]  See other valuations of AR stock

Previous Close$11.13
Intrinsic Value
Upside potential
Previous Close
$11.13

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2020-12-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-20.8NaN
Revenue, $3492NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m4445NaN
Operating income, $m-953NaN
EBITDA, $m-90NaN
Interest expense (income), $mNaN
Earnings before tax, $m-1665NaN
Tax expense, $m-397NaN
Net income, $m-1268NaN

BALANCE SHEET

Cash and short-term investments, $m28NaN
Total assets, $m13151NaN
Adjusted assets (=assets-cash), $m13122NaN
Average production assets, $m10167NaN
Working capital, $m-409NaN
Total debt, $m3002NaN
Total liabilities, $m7061NaN
Total equity, $m6090NaN
Debt-to-equity ratio0.493NaN
Adjusted equity ratio0.462NaN

CASH FLOW

Net income, $m-1268NaN
Depreciation, amort., depletion, $m863NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m736NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-47NaN
Free cash flow, $m783NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-409
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN