$3.26
+0.0000%Berry Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States. It operates in two segments, Development and Production, and Well Servicing and Abandonment. The company's properties are located in the San Joaquin and Ventura basins, California; and Uinta basin, Utah. As of December 31, 2021, it had a total of 3,417 net productive wells. The company was formerly known as Berry Petroleum Corporation and changed its name to Berry Corporation in February 2020. Berry Corporation was founded in 1909 and is headquartered in Dallas, Texas.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $192.8M | $176.9M | $162.3M | $148.9M | $136.6M | $125.3M | $114.9M | $105.4M | $96.7M | $88.7M |
| Maintenance CapEx | -$18.8M | -$17.2M | -$15.8M | -$14.5M | -$13.3M | -$12.2M | -$11.2M | -$10.3M | -$9.4M | -$8.6M |
| Owner Earnings | $174.1M | $159.7M | $146.5M | $134.4M | $123.3M | $113.1M | $103.7M | $95.2M | $87.3M | $80.1M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $161.2M | $136.9M | $116.3M | $98.8M | $83.9M | $71.3M | $60.5M | $51.4M | $43.7M | $37.1M |
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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