$15.63
+1.8%Fortrea Holdings Inc., a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. It operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum. The Enabling Services segment provides patient access and clinical trial technology solutions to customers that streamline complex randomization and optimize the trial drug supply process. The company offers delivery models that include full service, functional service provider, and hybrid service structures. It also offers phase I-IV clinical trial management, differentiated technology enabled trial solutions, and post approval services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is based in Durham, North Carolina.
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 | $56.8M | $28.4M | $14.2M | $7.1M | $3.5M | $1.8M | $886.7K | $443.4K | $221.7K | $110.8K |
| Maintenance CapEx | -$2.5M | -$1.3M | -$630.0K | -$315.0K | -$157.5K | -$78.8K | -$39.4K | -$19.7K | -$9.8K | -$4.9K |
| Owner Earnings | $54.2M | $27.1M | $13.6M | $6.8M | $3.4M | $1.7M | $847.3K | $423.7K | $211.8K | $105.9K |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $50.2M | $23.2M | $10.8M | $5.0M | $2.3M | $1.1M | $494.4K | $228.9K | $106.0K | $49.1K |
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