$1.77
+4.1%Douglas Elliman Inc. engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. The company conducts residential real estate brokerage operations. It has approximately 100 offices with approximately 6,500 real estate agents in the New York metropolitan areas, as well as in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas. Douglas Elliman Inc. was founded in 1911 and is headquartered in Miami, Florida. Douglas Elliman Inc.(NYSE:DOUG) operates independently of Vector Group Ltd. as of December 29, 2021.
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 | -$20.2M | -$29.3M | -$42.6M | -$61.8M | -$89.9M | -$130.5M | -$189.7M | -$275.6M | -$400.4M | -$581.7M |
| Maintenance CapEx | -$974.3K | -$1.4M | -$2.1M | -$3.0M | -$4.3M | -$6.3M | -$9.2M | -$13.3M | -$19.3M | -$28.1M |
| Owner Earnings | -$21.1M | -$30.7M | -$44.6M | -$64.8M | -$94.2M | -$136.9M | -$198.8M | -$288.9M | -$419.7M | -$609.8M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | -$19.6M | -$26.3M | -$35.4M | -$47.7M | -$64.1M | -$86.2M | -$116.0M | -$156.1M | -$210.0M | -$282.5M |
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