Discounted Cash Flow

Dorchester Minerals, L.P. LP

DMLP · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $37.6m $21.0m 55.8% $0.66
2017 $57.3m (52.5%) $38.4m (83.3%) $44.0m 67.1% (20.1%) $1.18 (78.8%)
2018 $73.3m (27.9%) $53.9m (40.3%) $62.5m (42.0%) 73.6% (9.7%) $1.61 (36.4%)
2019 $78.8m (7.5%) $52.8m (-2.1%) $66.1m (5.7%) 67.0% (-9.0%) $1.50 (-6.8%)
2020 $46.9m (-40.4%) $21.9m (-58.6%) $39.4m (-40.4%) 46.6% (-30.4%) $0.61 (-59.3%)
2021 $93.4m (99.1%) $70.2m (220.9%) $70.3m (78.4%) 75.1% (61.2%) $1.94 (218.0%)
2022 $170.8m (82.8%) $130.6m (86.1%) $147.1m (109.2%) 76.5% (1.8%) $3.35 (72.7%)
2023 $163.8m (-4.1%) $114.1m (-12.6%) $139.8m (-4.9%) 69.7% (-8.9%) $2.85 (-14.9%)
2024 $161.5m (-1.4%) $92.4m (-19.0%) $132.6m (-5.2%) 57.2% (-17.8%) $2.13 (-25.3%)
2025 $152.8m (-5.4%) $57.4m (-38.0%) $132.5m (-0.1%) 37.5% (-34.4%) $1.16 (-45.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model