$5.89
-6.5%NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd. in March 2013. NioCorp Developments Ltd. was incorporated in 1987 and is headquartered in Centennial, Colorado.
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 | -$11.6M | -$12.7M | -$13.8M | -$15.1M | -$16.5M | -$18.0M | -$19.6M | -$21.4M | -$23.3M | -$25.5M |
| Maintenance CapEx | -$1.1K | -$1.2K | -$1.3K | -$1.4K | -$1.5K | -$1.7K | -$1.8K | -$2.0K | -$2.2K | -$2.4K |
| Owner Earnings | -$11.6M | -$12.7M | -$13.8M | -$15.1M | -$16.5M | -$18.0M | -$19.6M | -$21.4M | -$23.3M | -$25.5M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | -$10.8M | -$10.9M | -$11.0M | -$11.1M | -$11.2M | -$11.3M | -$11.4M | -$11.6M | -$11.7M | -$11.8M |
Snapshot
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Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
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Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.