$450.81
+1.2%Medpace Holdings, Inc. provides clinical research-based drug and medical device development services in North America, Europe, and Asia. It offers a suite of services supporting the clinical development process from Phase I to Phase IV in various therapeutic areas. The company also provides clinical development services to the pharmaceutical, biotechnology, and medical device industries; and development plan design, coordinated central laboratory, project management, regulatory affairs, clinical monitoring, data management and analysis, pharmacovigilance new drug application submissions, and post-marketing clinical support services. In addition, it offers bio-analytical laboratory services, clinical human pharmacology, imaging services, and electrocardiography reading support for clinical trials. The company was founded in 1992 and is based in Cincinnati, Ohio.
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 | $849.8M | $1.0B | $1.2B | $1.4B | $1.7B | $2.0B | $2.4B | $2.9B | $3.5B | $4.1B |
| Maintenance CapEx | -$7.5M | -$8.9M | -$10.6M | -$12.6M | -$15.1M | -$17.9M | -$21.4M | -$25.5M | -$30.4M | -$36.2M |
| Owner Earnings | $842.3M | $1.0B | $1.2B | $1.4B | $1.7B | $2.0B | $2.4B | $2.9B | $3.4B | $4.1B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $780.0M | $860.5M | $949.3M | $1.0B | $1.2B | $1.3B | $1.4B | $1.6B | $1.7B | $1.9B |
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