Intrinsic value of Covetrus, Inc. (CVET)

[per Chepakovich valuation model]

other valuations of CVET

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

Previous Close$25.88
Intrinsic Value
Upside potential
Previous Close
$25.88

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, %9.1NaN
Revenue, $4339NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m4408NaN
Operating income, $m-69NaN
EBITDA, $m127NaN
Interest expense (income), $mNaN
Earnings before tax, $m-26NaN
Tax expense, $m-7NaN
Net income, $m-19NaN

BALANCE SHEET

Cash and short-term investments, $m290NaN
Total assets, $m3496NaN
Adjusted assets (=assets-cash), $m3206NaN
Average production assets, $m1874NaN
Working capital, $m740NaN
Total debt, $m1069NaN
Total liabilities, $m1959NaN
Total equity, $m1537NaN
Debt-to-equity ratio0.696NaN
Adjusted equity ratio0.389NaN

CASH FLOW

Net income, $m-19NaN
Depreciation, amort., depletion, $m196NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m53NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-54NaN
Free cash flow, $m107NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m740
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN