Intrinsic value of Calumet Specialty Products Partners, L.P. (CLMT)

[per Chepakovich valuation model]

other valuations of CLMT

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

Previous Close$6.85
Intrinsic Value
Upside potential
Previous Close
$6.85

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 2021-03-31.
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, %-34.3NaN
Revenue, $2268NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2340NaN
Operating income, $m-72NaN
EBITDA, $m48NaN
Interest expense (income), $mNaN
Earnings before tax, $m-145NaN
Tax expense, $m1NaN
Net income, $m-146NaN

BALANCE SHEET

Cash and short-term investments, $m109NaN
Total assets, $m1808NaN
Adjusted assets (=assets-cash), $m1699NaN
Average production assets, $m1183NaN
Working capital, $m-10NaN
Total debt, $m1322NaN
Total liabilities, $m1937NaN
Total equity, $m-129NaN
Debt-to-equity ratio-10.282NaN
Adjusted equity ratio-0.138NaN

CASH FLOW

Net income, $m-146NaN
Depreciation, amort., depletion, $m120NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m63NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-44NaN
Free cash flow, $m107NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-10
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN