$426.86
-0.030%Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in two segments, VITAS and Roto-Rooter. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees. The company was incorporated in 1970 and is headquartered 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 | $343.4M | $303.8M | $268.7M | $237.7M | $210.2M | $186.0M | $164.5M | $145.5M | $128.7M | $113.8M |
| Maintenance CapEx | -$11.1M | -$9.8M | -$8.7M | -$7.7M | -$6.8M | -$6.0M | -$5.3M | -$4.7M | -$4.2M | -$3.7M |
| Owner Earnings | $332.3M | $294.0M | $260.0M | $230.0M | $203.4M | $179.9M | $159.2M | $140.8M | $124.5M | $110.1M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $307.7M | $252.0M | $206.4M | $169.0M | $138.5M | $113.4M | $92.9M | $76.1M | $62.3M | $51.0M |
Snapshot
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Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
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.