$8.27
-0.54%The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics. The company operates in two segments, Corporate Clinics and Franchise Operations. It operates through direct ownership, management arrangements, franchising, and regional developers. As of March 1, 2022, the company operated approximately 700 locations in the United States. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.
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 | $919.3K | $459.6K | $229.8K | $114.9K | $57.5K | $28.7K | $14.4K | $7.2K | $3.6K | $1.8K |
| Maintenance CapEx | -$150.4K | -$75.2K | -$37.6K | -$18.8K | -$9.4K | -$4.7K | -$2.3K | -$1.2K | -$587 | -$294 |
| Owner Earnings | $768.9K | $384.4K | $192.2K | $96.1K | $48.1K | $24.0K | $12.0K | $6.0K | $3.0K | $1.5K |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $711.9K | $329.6K | $152.6K | $70.6K | $32.7K | $15.1K | $7.0K | $3.2K | $1.5K | $696 |
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