$21.74
-4.2%Lindblad Expeditions Holdings, Inc. provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand. The company also provides luxury cycling and adventure tours worldwide under the DuVine name; active small group and private custom journeys throughout the United States national park under the Off the Beaten Path brand name; and curated active small group and private custom journeys that are centered around cinematic walks led by the local guides under the Classic Journeys name. The company has a strategic alliance with the National Geographic Society. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.
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 | $126.1M | $140.4M | $156.3M | $174.0M | $193.7M | $215.7M | $240.1M | $267.4M | $297.7M | $331.4M |
| Maintenance CapEx | -$10.6M | -$11.8M | -$13.2M | -$14.7M | -$16.3M | -$18.2M | -$20.2M | -$22.5M | -$25.1M | -$27.9M |
| Owner Earnings | $115.5M | $128.5M | $143.1M | $159.3M | $177.4M | $197.5M | $219.9M | $244.8M | $272.6M | $303.5M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $106.9M | $110.2M | $113.6M | $117.1M | $120.7M | $124.5M | $128.3M | $132.3M | $136.3M | $140.6M |
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