Intrinsic value of PrairieSky Royalty Ltd. - PSK

Previous Close

$29.08

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$29.08

 
Intrinsic value

$1.99

 
Up/down potential

-93%

 
Rating

str. sell

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of PSK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 7.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.19
  51.10
  46.49
  42.34
  38.61
  35.25
  32.22
  29.50
  27.05
  24.84
  22.86
  21.07
  19.47
  18.02
  16.72
  15.55
  14.49
  13.54
  12.69
  11.92
  11.23
  10.60
  10.04
  9.54
  9.09
  8.68
  8.31
  7.98
  7.68
  7.41
  7.17
Revenue, $m
  224
  338
  496
  706
  978
  1,323
  1,749
  2,265
  2,878
  3,593
  4,415
  5,345
  6,385
  7,536
  8,796
  10,163
  11,636
  13,212
  14,888
  16,663
  18,534
  20,499
  22,558
  24,710
  26,955
  29,294
  31,728
  34,260
  36,891
  39,626
  42,467
Variable operating expenses, $m
 
  179
  233
  305
  399
  517
  664
  841
  1,051
  1,297
  1,579
  1,835
  2,192
  2,587
  3,020
  3,489
  3,995
  4,536
  5,111
  5,720
  6,363
  7,037
  7,744
  8,483
  9,254
  10,057
  10,892
  11,761
  12,665
  13,604
  14,579
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  207
  179
  233
  305
  399
  517
  664
  841
  1,051
  1,297
  1,579
  1,835
  2,192
  2,587
  3,020
  3,489
  3,995
  4,536
  5,111
  5,720
  6,363
  7,037
  7,744
  8,483
  9,254
  10,057
  10,892
  11,761
  12,665
  13,604
  14,579
Operating income, $m
  18
  159
  263
  400
  579
  806
  1,086
  1,425
  1,827
  2,296
  2,836
  3,510
  4,193
  4,949
  5,776
  6,674
  7,641
  8,676
  9,777
  10,942
  12,171
  13,462
  14,814
  16,227
  17,701
  19,237
  20,836
  22,498
  24,226
  26,022
  27,888
EBITDA, $m
  181
  367
  537
  764
  1,059
  1,433
  1,894
  2,453
  3,117
  3,891
  4,781
  5,788
  6,915
  8,161
  9,525
  11,006
  12,601
  14,308
  16,123
  18,045
  20,071
  22,199
  24,429
  26,759
  29,190
  31,723
  34,359
  37,101
  39,950
  42,912
  45,989
Interest expense (income), $m
  0
  0
  4
  10
  18
  28
  40
  56
  75
  97
  124
  154
  188
  226
  268
  315
  365
  419
  477
  538
  603
  672
  744
  820
  899
  981
  1,067
  1,156
  1,249
  1,346
  1,446
Earnings before tax, $m
  20
  159
  258
  390
  562
  778
  1,045
  1,369
  1,752
  2,199
  2,712
  3,356
  4,005
  4,723
  5,508
  6,359
  7,276
  8,257
  9,300
  10,404
  11,567
  12,789
  14,069
  15,407
  16,802
  18,256
  19,769
  21,342
  22,977
  24,676
  26,442
Tax expense, $m
  0
  43
  70
  105
  152
  210
  282
  370
  473
  594
  732
  906
  1,081
  1,275
  1,487
  1,717
  1,965
  2,229
  2,511
  2,809
  3,123
  3,453
  3,799
  4,160
  4,537
  4,929
  5,338
  5,762
  6,204
  6,663
  7,139
Net income, $m
  20
  116
  189
  285
  410
  568
  763
  999
  1,279
  1,605
  1,980
  2,450
  2,924
  3,448
  4,021
  4,642
  5,312
  6,028
  6,789
  7,595
  8,444
  9,336
  10,271
  11,247
  12,266
  13,327
  14,431
  15,579
  16,773
  18,013
  19,302

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  34
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,770
  4,128
  6,047
  8,607
  11,929
  16,134
  21,333
  27,626
  35,099
  43,819
  53,836
  65,181
  77,870
  91,902
  107,266
  123,942
  141,903
  161,120
  181,563
  203,204
  226,019
  249,987
  275,096
  301,340
  328,719
  357,243
  386,928
  417,800
  449,889
  483,238
  517,893
Adjusted assets (=assets-cash), $m
  2,736
  4,128
  6,047
  8,607
  11,929
  16,134
  21,333
  27,626
  35,099
  43,819
  53,836
  65,181
  77,870
  91,902
  107,266
  123,942
  141,903
  161,120
  181,563
  203,204
  226,019
  249,987
  275,096
  301,340
  328,719
  357,243
  386,928
  417,800
  449,889
  483,238
  517,893
Revenue / Adjusted assets
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
  0.082
Average production assets, $m
  888
  1,342
  1,965
  2,798
  3,878
  5,244
  6,934
  8,980
  11,409
  14,243
  17,499
  21,187
  25,311
  29,872
  34,867
  40,287
  46,125
  52,372
  59,017
  66,051
  73,467
  81,258
  89,420
  97,950
  106,850
  116,121
  125,770
  135,805
  146,236
  157,076
  168,340
Working capital, $m
  44
  15
  22
  32
  44
  60
  79
  102
  130
  162
  199
  241
  287
  339
  396
  457
  524
  595
  670
  750
  834
  922
  1,015
  1,112
  1,213
  1,318
  1,428
  1,542
  1,660
  1,783
  1,911
Total debt, $m
  0
  120
  285
  505
  791
  1,153
  1,600
  2,141
  2,783
  3,533
  4,395
  5,371
  6,462
  7,669
  8,990
  10,424
  11,969
  13,621
  15,379
  17,241
  19,203
  21,264
  23,423
  25,680
  28,035
  30,488
  33,041
  35,696
  38,455
  41,323
  44,304
Total liabilities, $m
  235
  355
  520
  740
  1,026
  1,388
  1,835
  2,376
  3,018
  3,768
  4,630
  5,606
  6,697
  7,904
  9,225
  10,659
  12,204
  13,856
  15,614
  17,476
  19,438
  21,499
  23,658
  25,915
  28,270
  30,723
  33,276
  35,931
  38,690
  41,558
  44,539
Total equity, $m
  2,535
  3,773
  5,527
  7,867
  10,904
  14,747
  19,498
  25,250
  32,080
  40,050
  49,206
  59,575
  71,173
  83,998
  98,041
  113,283
  129,699
  147,263
  165,949
  185,729
  206,581
  228,488
  251,438
  275,425
  300,449
  326,520
  353,652
  381,869
  411,199
  441,680
  473,354
Total liabilities and equity, $m
  2,770
  4,128
  6,047
  8,607
  11,930
  16,135
  21,333
  27,626
  35,098
  43,818
  53,836
  65,181
  77,870
  91,902
  107,266
  123,942
  141,903
  161,119
  181,563
  203,205
  226,019
  249,987
  275,096
  301,340
  328,719
  357,243
  386,928
  417,800
  449,889
  483,238
  517,893
Debt-to-equity ratio
  0.000
  0.030
  0.050
  0.060
  0.070
  0.080
  0.080
  0.080
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
  0.090
Adjusted equity ratio
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914
  0.914

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  20
  116
  189
  285
  410
  568
  763
  999
  1,279
  1,605
  1,980
  2,450
  2,924
  3,448
  4,021
  4,642
  5,312
  6,028
  6,789
  7,595
  8,444
  9,336
  10,271
  11,247
  12,266
  13,327
  14,431
  15,579
  16,773
  18,013
  19,302
Depreciation, amort., depletion, $m
  163
  207
  274
  364
  480
  627
  809
  1,029
  1,290
  1,595
  1,945
  2,278
  2,722
  3,212
  3,749
  4,332
  4,960
  5,631
  6,346
  7,102
  7,900
  8,737
  9,615
  10,532
  11,489
  12,486
  13,524
  14,603
  15,724
  16,890
  18,101
Funds from operations, $m
  213
  324
  463
  649
  890
  1,195
  1,572
  2,028
  2,569
  3,200
  3,925
  4,728
  5,645
  6,660
  7,770
  8,974
  10,272
  11,659
  13,135
  14,697
  16,344
  18,074
  19,886
  21,779
  23,755
  25,813
  27,955
  30,182
  32,497
  34,903
  37,404
Change in working capital, $m
  8
  5
  7
  9
  12
  16
  19
  23
  28
  32
  37
  42
  47
  52
  57
  62
  66
  71
  75
  80
  84
  88
  93
  97
  101
  105
  110
  114
  118
  123
  128
Cash from operations, $m
  205
  287
  456
  639
  878
  1,179
  1,553
  2,004
  2,541
  3,168
  3,888
  4,686
  5,599
  6,608
  7,713
  8,913
  10,205
  11,588
  13,060
  14,617
  16,260
  17,985
  19,793
  21,683
  23,654
  25,708
  27,845
  30,068
  32,379
  34,780
  37,276
Maintenance CAPEX, $m
  0
  -95
  -144
  -211
  -301
  -417
  -564
  -746
  -966
  -1,227
  -1,532
  -1,882
  -2,278
  -2,722
  -3,212
  -3,749
  -4,332
  -4,960
  -5,631
  -6,346
  -7,102
  -7,900
  -8,737
  -9,615
  -10,532
  -11,489
  -12,486
  -13,524
  -14,603
  -15,724
  -16,890
New CAPEX, $m
  -138
  -454
  -624
  -832
  -1,080
  -1,367
  -1,690
  -2,046
  -2,429
  -2,834
  -3,256
  -3,688
  -4,124
  -4,561
  -4,994
  -5,420
  -5,838
  -6,246
  -6,645
  -7,034
  -7,416
  -7,791
  -8,162
  -8,530
  -8,900
  -9,272
  -9,649
  -10,035
  -10,431
  -10,840
  -11,264
Cash from investing activities, $m
  -154
  -549
  -768
  -1,043
  -1,381
  -1,784
  -2,254
  -2,792
  -3,395
  -4,061
  -4,788
  -5,570
  -6,402
  -7,283
  -8,206
  -9,169
  -10,170
  -11,206
  -12,276
  -13,380
  -14,518
  -15,691
  -16,899
  -18,145
  -19,432
  -20,761
  -22,135
  -23,559
  -25,034
  -26,564
  -28,154
Free cash flow, $m
  51
  -262
  -312
  -404
  -503
  -604
  -701
  -787
  -853
  -893
  -900
  -883
  -804
  -675
  -493
  -257
  35
  382
  783
  1,237
  1,742
  2,295
  2,894
  3,537
  4,222
  4,947
  5,710
  6,510
  7,345
  8,216
  9,121
Issuance/(repayment) of debt, $m
  0
  120
  165
  220
  286
  362
  447
  541
  643
  750
  861
  976
  1,091
  1,207
  1,321
  1,434
  1,545
  1,653
  1,758
  1,861
  1,962
  2,061
  2,159
  2,257
  2,355
  2,453
  2,553
  2,655
  2,760
  2,868
  2,980
Issuance/(repurchase) of shares, $m
  -26
  1,379
  1,901
  2,524
  3,254
  4,086
  5,006
  5,997
  7,041
  8,114
  9,194
  10,277
  11,310
  12,293
  13,215
  14,064
  14,837
  15,530
  16,144
  16,682
  17,149
  17,551
  17,897
  18,193
  18,448
  18,671
  18,869
  19,052
  19,225
  19,397
  19,573
Cash from financing (excl. dividends), $m  
  -26
  1,499
  2,066
  2,744
  3,540
  4,448
  5,453
  6,538
  7,684
  8,864
  10,055
  11,253
  12,401
  13,500
  14,536
  15,498
  16,382
  17,183
  17,902
  18,543
  19,111
  19,612
  20,056
  20,450
  20,803
  21,124
  21,422
  21,707
  21,985
  22,265
  22,553
Total cash flow (excl. dividends), $m
  25
  -142
  -147
  -184
  -217
  -243
  -254
  -245
  -211
  -143
  -38
  93
  287
  532
  828
  1,177
  1,580
  2,035
  2,541
  3,098
  3,704
  4,356
  5,053
  5,794
  6,577
  7,400
  8,263
  9,165
  10,105
  11,084
  12,102
Retained Cash Flow (-), $m
  175
  -1,272
  -1,754
  -2,340
  -3,037
  -3,843
  -4,752
  -5,752
  -6,830
  -7,970
  -9,156
  -10,370
  -11,597
  -12,825
  -14,043
  -15,242
  -16,416
  -17,564
  -18,685
  -19,780
  -20,853
  -21,907
  -22,950
  -23,987
  -25,025
  -26,071
  -27,132
  -28,216
  -29,330
  -30,481
  -31,674
Prev. year cash balance distribution, $m
 
  34
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  83.3
  70.4
  60.3
  52.4
  46.1
  41.1
  36.9
  33.5
  30.7
  28.3
  26.3
  24.6
  23.2
  21.9
  20.8
  19.9
  19.0
  18.3
  17.7
  17.1
  16.6
  16.1
  15.7
  15.3
  15.0
  14.7
  14.4
  14.1
  13.9
  13.7

PrairieSky Royalty Ltd. invests in oil and natural gas properties in Canada. The company holds royalty interests in properties located in British Columbia, Alberta, Saskatchewan, and Manitoba. It hold interests in approximately 8.8 million acres of fee lands, 6.6 million acres of gross overriding royalty lands, 0.2 million acres of GRT lands, and 0.2 million acres of crown interest lands. PrairieSky Royalty Ltd. is headquartered in Calgary, Canada.

FINANCIAL RATIOS  of  PrairieSky Royalty Ltd. (PSK)

Valuation Ratios
P/E Ratio 331.5
Price to Sales 29.6
Price to Book 2.6
Price to Tangible Book
Price to Cash Flow 32.3
Price to Free Cash Flow 99
Growth Rates
Sales Growth Rate 4.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -81.4%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0.7%
Ret/ On Assets - 3 Yr. Avg. 9.4%
Return On Total Capital 0.8%
Ret/ On T. Cap. - 3 Yr. Avg. 10.8%
Return On Equity 0.8%
Return On Equity - 3 Yr. Avg. 10.8%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 81.7%
EBITDA Margin - 3 Yr. Avg. 84.6%
Operating Margin 7.6%
Oper. Margin - 3 Yr. Avg. 40.5%
Pre-Tax Margin 8.9%
Pre-Tax Margin - 3 Yr. Avg. 41.3%
Net Profit Margin 8.9%
Net Profit Margin - 3 Yr. Avg. 35.5%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 11.4%
Payout Ratio 910%

PSK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PSK stock intrinsic value calculation we used $224 million for the last fiscal year's total revenue generated by PrairieSky Royalty Ltd.. The default revenue input number comes from 2016 income statement of PrairieSky Royalty Ltd.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PSK stock valuation model: a) initial revenue growth rate of 51.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for PSK is calculated based on our internal credit rating of PrairieSky Royalty Ltd., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of PrairieSky Royalty Ltd..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PSK stock the variable cost ratio is equal to 62.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PSK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for PrairieSky Royalty Ltd..

Corporate tax rate of 27% is the nominal tax rate for PrairieSky Royalty Ltd.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PSK stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PSK are equal to 396.4%.

Life of production assets of 9.3 years is the average useful life of capital assets used in PrairieSky Royalty Ltd. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PSK is equal to 4.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2535 million for PrairieSky Royalty Ltd. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 239.322 million for PrairieSky Royalty Ltd. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of PrairieSky Royalty Ltd. at the current share price and the inputted number of shares is $7.0 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
ECA Encana Corpora 14.64 1.16  str.sell
FRU Freehold Royal 13.74 1.88  str.sell
SPE Spartan Energy 2.42 0.65  str.sell
BTE Baytex Energy 4.04 2.13  str.sell
CR Crew Energy In 4.45 1.43  str.sell
ARX ARC Resources 18.42 2.29  str.sell
TVL Traverse Energ 0.390 0.09  str.sell
Stock chart of PSK Financial statements of PSK
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.