$1.46
-0.68%Heritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company provides market making, acquisitions, dispositions, valuations, and secured lending services. It focuses on identifying, valuing, acquiring, and monetizing underlying tangible and intangible assets. Heritage Global Inc. acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; accounts receivable portfolios; intellectual property; and business enterprises. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was incorporated in 1983 and is headquartered in San Diego, California.
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 | $3.1M | $1.5M | $767.1K | $383.6K | $191.8K | $95.9K | $47.9K | $24.0K | $12.0K | $6.0K |
| Maintenance CapEx | -$847.0K | -$423.5K | -$211.8K | -$105.9K | -$52.9K | -$26.5K | -$13.2K | -$6.6K | -$3.3K | -$1.7K |
| Owner Earnings | $2.2M | $1.1M | $555.4K | $277.7K | $138.8K | $69.4K | $34.7K | $17.4K | $8.7K | $4.3K |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $2.1M | $952.3K | $440.9K | $204.1K | $94.5K | $43.7K | $20.3K | $9.4K | $4.3K | $2.0K |
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