CLMT - NASDAQ

Calumet, Inc.

Calumet, Inc.

CLMTยทNASDAQ

$37.37

+0.13%
EnergyOil & Gas Exploration & Production

Calumet, Inc. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The company's Montana/Renewables segment focuses on processing renewable feedstocks into renewable hydrogen, renewable natural gas, renewable propane, renewable naphtha, renewable kerosene/aviation fuel, and renewable diesel. This segment also processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. Its Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands. Calumet GP, LLC serves as the general partner for Calumet Specialty Products Partners, L.P. The company was founded in 1916 and is headquartered in Indianapolis, Indiana.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$3.26B
EPS-0.3900
P/E Ratio-95.82
Earnings Date08/07/2026
Calumet, Inc.

Calumet, Inc. Fair Value Envelope

CLMT ยท NASDAQ

Our analysis suggests that CLMT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $37.37, this represents a potential HIDDEN relative to our calculated worth for Calumet, Inc..

HIDDEN
Intrinsic Value
Current Price: $37.37

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$895.0B
+ Cash & Equivalents$125.1M
Firm Value$895.2B
- Debt$381.8M
Equity Value$894.8B
/ Shares Outstanding86,752,229B
DCF Value$10.3K
UNDERVALUED BY 27500%

Owner Earnings Projections

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
$217.8M
$435.6M
$871.2M
$1.7B
$3.5B
$7.0B
$13.9B
$27.9B
$55.8B
$111.5B
Maintenance CapEx
-$20.9M
-$41.8M
-$83.7M
-$167.4M
-$334.7M
-$669.4M
-$1.3B
-$2.7B
-$5.4B
-$10.7B
Owner Earnings
$196.9M
$393.8M
$787.5M
$1.6B
$3.2B
$6.3B
$12.6B
$25.2B
$50.4B
$100.8B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$182.3M
$337.6M
$625.2M
$1.2B
$2.1B
$4.0B
$7.4B
$13.6B
$25.2B
$46.7B
Terminal Value represents 88.7% of Enterprise Value

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