$542.16
+5.1%Murphy USA Inc. engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. As of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States. The company was founded in 1996 and is headquartered in El Dorado, Arkansas.
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 | $782.1M | $751.6M | $722.3M | $694.1M | $667.0M | $641.0M | $616.0M | $591.9M | $568.8M | $546.6M |
| Maintenance CapEx | -$84.5M | -$81.2M | -$78.0M | -$75.0M | -$72.1M | -$69.2M | -$66.5M | -$63.9M | -$61.4M | -$59.0M |
| Owner Earnings | $697.6M | $670.4M | $644.3M | $619.1M | $595.0M | $571.7M | $549.4M | $528.0M | $507.4M | $487.6M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $646.0M | $574.8M | $511.4M | $455.1M | $404.9M | $360.3M | $320.6M | $285.3M | $253.8M | $225.8M |
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