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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-05-04), Great Lakes Dredge & Dock's Intrinsic Value: Projected FCF is $3.44. The stock price of Great Lakes Dredge & Dock is $6.96. Therefore, Great Lakes Dredge & Dock's Price-to-Intrinsic-Value-Projected-FCF of today is 2.0.
The historical rank and industry rank for Great Lakes Dredge & Dock's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Great Lakes Dredge & Dock was 7.20. The lowest was 1.27. And the median was 2.04.
The historical data trend for Great Lakes Dredge & Dock's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Great Lakes Dredge & Dock Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 5.68 | 7.48 | 7.51 | 4.70 | 3.44 |
Great Lakes Dredge & Dock Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 4.70 | 4.05 | 4.66 | 4.24 | 3.44 |
For the Engineering & Construction subindustry, Great Lakes Dredge & Dock's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Construction industry and Industrials sector, Great Lakes Dredge & Dock's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Great Lakes Dredge & Dock's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get Great Lakes Dredge & Dock's Free Cash Flow(6 year avg) = $-7.59.
Great Lakes Dredge & Dock's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Dec23) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (9.5203515959648 | * | -7.58784 | + | 385.548 | * | 0.8) | / | 68.571 | |
= | 3.44 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Great Lakes Dredge & Dock (NAS:GLDD) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Great Lakes Dredge & Dock's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 6.96 | / | 3.4445975025313 | |
= | 2.02 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Great Lakes Dredge & Dock's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryan Levenson | director | 2396 DELLWOOD DRIVE, ATLANTA GA 30305 |
Lasse Petterson | director, officer: CEO & President | 2103 RESEARCH FOREST DRIVE THE WOODLANDS TX 77380 |
David E Simonelli | officer: Chief Operating Officer | C/O GREAT LAKES DREDGE & DOCK CORPORATIO 2122 YORK ROAD OAK BROOK IL 60523 |
Lawrence R Dickerson | director | 15415 KATY FREEWAY STE 100, HOUSTON TX 77094 |
Kathleen Mackie Lavoy | officer: SVP & Chief Legal Officer | C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523 |
D Michael Steuert | director | C/O FLUOR CORP, ONE ENTERPRISE DR, ALISO VIEJO CA 92656 |
Ronald Steger | director | 13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202 |
Kathleen M Shanahan | director | 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134 |
Michael Joseph Walsh | director | C/O GREAT LAKES DREDGE & DOCK CORP 2122 YORK ROAD OAK BROOK IL 60523 |
Mark W. Marinko | officer: Chief Financial Officer | C/O GREAT LAKES DREDGE & DOCK CORP., 2122 YORK ROAD, SUITE 200, OAK BROOK IL 60523 |
Annette W Cyr | officer: Chief HR & Admin Officer | C/O BRIGHTPOINT., INC. 7635 INTERACTIVE WAY, SUITE 200 INDIANAPOLIS IN 46278 |
Carl A Albert | director | C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388 |
Robert B Uhler | director | C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD, SUITE 200 OAK BROOK IL 60523 |
Jason Weiss | director | C/O BOISE INC. 1111 WEST JEFFERSON STREET, SUITE 200 BOISE ID 83702-5388 |
Christopher P Shea | officer: President - E&I Division | C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523 |
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