Intrinsic value of U.S. Silica Holdings - SLCA

Previous Close

$16.07

  Intrinsic Value

$81.33

stock screener

  Rating & Target

str. buy

+406%

Previous close

$16.07

 
Intrinsic value

$81.33

 
Up/down potential

+406%

 
Rating

str. buy

We calculate the intrinsic value of SLCA 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 0001), $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 1.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  47.20
  42.98
  39.18
  35.76
  32.69
  29.92
  27.43
  25.18
  23.17
  21.35
  19.71
  18.24
  16.92
  15.73
  14.65
  13.69
  12.82
  12.04
  11.33
  10.70
  10.13
  9.62
  9.16
  8.74
  8.37
  8.03
  7.73
  7.45
  7.21
  6.99
Revenue, $m
  1,827
  2,612
  3,635
  4,935
  6,548
  8,507
  10,840
  13,570
  16,714
  20,282
  24,280
  28,710
  33,567
  38,846
  44,538
  50,635
  57,126
  64,003
  71,257
  78,882
  86,873
  95,228
  103,947
  113,032
  122,489
  132,324
  142,548
  153,174
  164,215
  175,690
Variable operating expenses, $m
  1,211
  1,714
  2,368
  3,200
  4,233
  5,486
  6,980
  8,727
  10,739
  13,022
  15,539
  18,374
  21,482
  24,861
  28,504
  32,406
  36,560
  40,961
  45,603
  50,483
  55,598
  60,945
  66,525
  72,339
  78,391
  84,685
  91,229
  98,029
  105,095
  112,439
Fixed operating expenses, $m
  246
  252
  257
  263
  269
  275
  281
  287
  293
  300
  306
  313
  320
  327
  334
  341
  349
  357
  364
  372
  381
  389
  398
  406
  415
  424
  434
  443
  453
  463
Total operating expenses, $m
  1,457
  1,966
  2,625
  3,463
  4,502
  5,761
  7,261
  9,014
  11,032
  13,322
  15,845
  18,687
  21,802
  25,188
  28,838
  32,747
  36,909
  41,318
  45,967
  50,855
  55,979
  61,334
  66,923
  72,745
  78,806
  85,109
  91,663
  98,472
  105,548
  112,902
Operating income, $m
  369
  646
  1,009
  1,471
  2,046
  2,746
  3,580
  4,556
  5,682
  6,960
  8,435
  10,023
  11,765
  13,658
  15,700
  17,888
  20,218
  22,686
  25,289
  28,026
  30,895
  33,895
  37,025
  40,287
  43,683
  47,214
  50,886
  54,702
  58,667
  62,788
EBITDA, $m
  533
  863
  1,294
  1,843
  2,526
  3,357
  4,346
  5,506
  6,841
  8,358
  10,058
  11,942
  14,008
  16,254
  18,677
  21,272
  24,035
  26,963
  30,051
  33,298
  36,701
  40,259
  43,972
  47,841
  51,869
  56,058
  60,413
  64,938
  69,642
  74,530
Interest expense (income), $m
  22
  31
  57
  92
  138
  195
  267
  354
  458
  579
  719
  877
  1,055
  1,252
  1,468
  1,702
  1,955
  2,226
  2,515
  2,820
  3,143
  3,482
  3,837
  4,208
  4,595
  4,999
  5,419
  5,857
  6,311
  6,783
  7,274
Earnings before tax, $m
  338
  589
  917
  1,334
  1,851
  2,479
  3,226
  4,099
  5,103
  6,241
  7,558
  8,968
  10,513
  12,191
  13,998
  15,933
  17,991
  20,171
  22,469
  24,884
  27,414
  30,058
  32,817
  35,692
  38,683
  41,795
  45,029
  48,391
  51,884
  55,514
Tax expense, $m
  91
  159
  248
  360
  500
  669
  871
  1,107
  1,378
  1,685
  2,041
  2,421
  2,838
  3,291
  3,779
  4,302
  4,858
  5,446
  6,067
  6,719
  7,402
  8,116
  8,861
  9,637
  10,445
  11,285
  12,158
  13,066
  14,009
  14,989
Net income, $m
  247
  430
  669
  974
  1,351
  1,809
  2,355
  2,992
  3,725
  4,556
  5,517
  6,547
  7,674
  8,899
  10,219
  11,631
  13,134
  14,725
  16,402
  18,165
  20,012
  21,942
  23,956
  26,055
  28,239
  30,510
  32,871
  35,325
  37,875
  40,526

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  3,138
  4,487
  6,245
  8,479
  11,251
  14,617
  18,626
  23,316
  28,718
  34,849
  41,719
  49,329
  57,675
  66,746
  76,526
  87,002
  98,155
  109,971
  122,435
  135,536
  149,267
  163,623
  178,603
  194,214
  210,462
  227,361
  244,928
  263,185
  282,157
  301,873
Adjusted assets (=assets-cash), $m
  3,138
  4,487
  6,245
  8,479
  11,251
  14,617
  18,626
  23,316
  28,718
  34,849
  41,719
  49,329
  57,675
  66,746
  76,526
  87,002
  98,155
  109,971
  122,435
  135,536
  149,267
  163,623
  178,603
  194,214
  210,462
  227,361
  244,928
  263,185
  282,157
  301,873
Revenue / Adjusted assets
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
  0.582
Average production assets, $m
  1,733
  2,478
  3,449
  4,683
  6,214
  8,073
  10,287
  12,878
  15,861
  19,247
  23,042
  27,245
  31,855
  36,865
  42,267
  48,053
  54,213
  60,739
  67,623
  74,859
  82,443
  90,372
  98,646
  107,268
  116,242
  125,576
  135,278
  145,362
  155,840
  166,730
Working capital, $m
  163
  232
  324
  439
  583
  757
  965
  1,208
  1,488
  1,805
  2,161
  2,555
  2,987
  3,457
  3,964
  4,507
  5,084
  5,696
  6,342
  7,021
  7,732
  8,475
  9,251
  10,060
  10,902
  11,777
  12,687
  13,632
  14,615
  15,636
Total debt, $m
  939
  1,511
  2,256
  3,203
  4,378
  5,805
  7,505
  9,494
  11,784
  14,384
  17,297
  20,524
  24,062
  27,908
  32,055
  36,497
  41,226
  46,236
  51,520
  57,075
  62,897
  68,984
  75,336
  81,955
  88,844
  96,009
  103,458
  111,198
  119,242
  127,602
Total liabilities, $m
  1,331
  1,903
  2,648
  3,595
  4,770
  6,197
  7,897
  9,886
  12,176
  14,776
  17,689
  20,916
  24,454
  28,300
  32,447
  36,889
  41,618
  46,628
  51,912
  57,467
  63,289
  69,376
  75,728
  82,347
  89,236
  96,401
  103,850
  111,590
  119,634
  127,994
Total equity, $m
  1,808
  2,585
  3,597
  4,884
  6,480
  8,419
  10,728
  13,430
  16,541
  20,073
  24,030
  28,414
  33,221
  38,445
  44,079
  50,113
  56,537
  63,343
  70,523
  78,069
  85,978
  94,247
  102,876
  111,867
  121,226
  130,960
  141,079
  151,594
  162,522
  173,879
Total liabilities and equity, $m
  3,139
  4,488
  6,245
  8,479
  11,250
  14,616
  18,625
  23,316
  28,717
  34,849
  41,719
  49,330
  57,675
  66,745
  76,526
  87,002
  98,155
  109,971
  122,435
  135,536
  149,267
  163,623
  178,604
  194,214
  210,462
  227,361
  244,929
  263,184
  282,156
  301,873
Debt-to-equity ratio
  0.520
  0.580
  0.630
  0.660
  0.680
  0.690
  0.700
  0.710
  0.710
  0.720
  0.720
  0.720
  0.720
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
  0.730
Adjusted equity ratio
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576
  0.576

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  247
  430
  669
  974
  1,351
  1,809
  2,355
  2,992
  3,725
  4,556
  5,517
  6,547
  7,674
  8,899
  10,219
  11,631
  13,134
  14,725
  16,402
  18,165
  20,012
  21,942
  23,956
  26,055
  28,239
  30,510
  32,871
  35,325
  37,875
  40,526
Depreciation, amort., depletion, $m
  164
  217
  285
  372
  480
  611
  767
  949
  1,159
  1,398
  1,623
  1,919
  2,243
  2,596
  2,977
  3,384
  3,818
  4,277
  4,762
  5,272
  5,806
  6,364
  6,947
  7,554
  8,186
  8,843
  9,527
  10,237
  10,975
  11,742
Funds from operations, $m
  411
  647
  955
  1,346
  1,831
  2,420
  3,121
  3,941
  4,884
  5,954
  7,140
  8,465
  9,918
  11,495
  13,195
  15,015
  16,951
  19,002
  21,165
  23,437
  25,818
  28,307
  30,903
  33,609
  36,425
  39,354
  42,398
  45,562
  48,850
  52,267
Change in working capital, $m
  52
  70
  91
  116
  144
  174
  208
  243
  280
  318
  356
  394
  432
  470
  507
  543
  578
  612
  646
  679
  711
  744
  776
  809
  842
  875
  910
  946
  983
  1,021
Cash from operations, $m
  359
  577
  863
  1,230
  1,687
  2,246
  2,914
  3,698
  4,604
  5,636
  6,784
  8,071
  9,485
  11,025
  12,689
  14,472
  16,374
  18,390
  20,519
  22,758
  25,107
  27,563
  30,127
  32,800
  35,583
  38,478
  41,488
  44,616
  47,867
  51,246
Maintenance CAPEX, $m
  -83
  -122
  -175
  -243
  -330
  -438
  -569
  -724
  -907
  -1,117
  -1,355
  -1,623
  -1,919
  -2,243
  -2,596
  -2,977
  -3,384
  -3,818
  -4,277
  -4,762
  -5,272
  -5,806
  -6,364
  -6,947
  -7,554
  -8,186
  -8,843
  -9,527
  -10,237
  -10,975
New CAPEX, $m
  -556
  -745
  -971
  -1,234
  -1,531
  -1,859
  -2,214
  -2,591
  -2,983
  -3,386
  -3,794
  -4,204
  -4,610
  -5,010
  -5,402
  -5,786
  -6,160
  -6,526
  -6,884
  -7,236
  -7,584
  -7,929
  -8,274
  -8,622
  -8,974
  -9,334
  -9,703
  -10,084
  -10,478
  -10,890
Cash from investing activities, $m
  -639
  -867
  -1,146
  -1,477
  -1,861
  -2,297
  -2,783
  -3,315
  -3,890
  -4,503
  -5,149
  -5,827
  -6,529
  -7,253
  -7,998
  -8,763
  -9,544
  -10,344
  -11,161
  -11,998
  -12,856
  -13,735
  -14,638
  -15,569
  -16,528
  -17,520
  -18,546
  -19,611
  -20,715
  -21,865
Free cash flow, $m
  -280
  -290
  -282
  -247
  -173
  -51
  131
  383
  714
  1,133
  1,634
  2,245
  2,957
  3,772
  4,690
  5,710
  6,829
  8,046
  9,357
  10,760
  12,251
  13,828
  15,489
  17,232
  19,055
  20,959
  22,942
  25,006
  27,152
  29,382
Issuance/(repayment) of debt, $m
  427
  572
  745
  947
  1,175
  1,427
  1,700
  1,989
  2,290
  2,600
  2,913
  3,227
  3,539
  3,846
  4,147
  4,442
  4,729
  5,010
  5,285
  5,555
  5,822
  6,087
  6,352
  6,619
  6,889
  7,165
  7,448
  7,741
  8,044
  8,360
Issuance/(repurchase) of shares, $m
  334
  347
  343
  313
  245
  129
  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 from financing (excl. dividends), $m  
  761
  919
  1,088
  1,260
  1,420
  1,556
  1,700
  1,989
  2,290
  2,600
  2,913
  3,227
  3,539
  3,846
  4,147
  4,442
  4,729
  5,010
  5,285
  5,555
  5,822
  6,087
  6,352
  6,619
  6,889
  7,165
  7,448
  7,741
  8,044
  8,360
Total cash flow (excl. dividends), $m
  480
  629
  807
  1,013
  1,247
  1,506
  1,831
  2,372
  3,004
  3,732
  4,547
  5,472
  6,496
  7,618
  8,837
  10,152
  11,558
  13,056
  14,642
  16,315
  18,073
  19,915
  21,841
  23,850
  25,944
  28,124
  30,391
  32,747
  35,196
  37,741
Retained Cash Flow (-), $m
  -580
  -777
  -1,013
  -1,287
  -1,596
  -1,939
  -2,309
  -2,702
  -3,111
  -3,531
  -3,957
  -4,384
  -4,807
  -5,225
  -5,634
  -6,034
  -6,424
  -6,806
  -7,179
  -7,546
  -7,909
  -8,269
  -8,629
  -8,991
  -9,359
  -9,734
  -10,119
  -10,516
  -10,928
  -11,357
Prev. year cash balance distribution, $m
  169
  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
  69
  -148
  -206
  -273
  -349
  -433
  -478
  -330
  -107
  201
  590
  1,088
  1,689
  2,394
  3,204
  4,118
  5,134
  6,250
  7,463
  8,769
  10,164
  11,646
  13,212
  14,859
  16,585
  18,390
  20,272
  22,231
  24,268
  26,385
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
  66
  -136
  -179
  -225
  -271
  -314
  -323
  -206
  -61
  105
  280
  464
  642
  804
  941
  1,046
  1,117
  1,151
  1,149
  1,114
  1,051
  966
  866
  757
  645
  537
  435
  344
  265
  199
Current shareholders' claim on cash, %
  76.6
  63.1
  54.9
  50.0
  47.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3
  46.3

U.S. Silica Holdings, Inc. is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells. As of December 31, 2016, the Industrial & Specialty Products segment consisted of over 215 products and materials, which are used in a range of industries, including container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products and filtration products. It produces and sells a range of commercial silica products, including whole grain and ground products, as well as other industrial mineral products.

FINANCIAL RATIOS  of  U.S. Silica Holdings (SLCA)

Valuation Ratios
P/E Ratio -31.8
Price to Sales 2.3
Price to Book 1
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow -27.7
Growth Rates
Sales Growth Rate -12.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -13%
Cap. Spend. - 3 Yr. Gr. Rate -4.8%
Financial Strength
Quick Ratio 102
Current Ratio 0
LT Debt to Equity 40%
Total Debt to Equity 40.5%
Interest Coverage -3
Management Effectiveness
Return On Assets -1.9%
Ret/ On Assets - 3 Yr. Avg. 4.6%
Return On Total Capital -3.1%
Ret/ On T. Cap. - 3 Yr. Avg. 4.6%
Return On Equity -4.9%
Return On Equity - 3 Yr. Avg. 10.8%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 14.6%
Gross Margin - 3 Yr. Avg. 24.3%
EBITDA Margin 2.1%
EBITDA Margin - 3 Yr. Avg. 13.2%
Operating Margin -9.5%
Oper. Margin - 3 Yr. Avg. 4.9%
Pre-Tax Margin -13.9%
Pre-Tax Margin - 3 Yr. Avg. 1.4%
Net Profit Margin -7.3%
Net Profit Margin - 3 Yr. Avg. 2.8%
Effective Tax Rate 47.4%
Eff/ Tax Rate - 3 Yr. Avg. 23.6%
Payout Ratio -36.6%

SLCA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SLCA stock intrinsic value calculation we used $1240.851 million for the last fiscal year's total revenue generated by U.S. Silica Holdings. The default revenue input number comes from 0001 income statement of U.S. Silica Holdings. 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 SLCA stock valuation model: a) initial revenue growth rate of 47.2% 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 SLCA is calculated based on our internal credit rating of U.S. Silica Holdings, 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 U.S. Silica Holdings.
    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 SLCA stock the variable cost ratio is equal to 67.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $241 million in the base year in the intrinsic value calculation for SLCA 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 6.1% for U.S. Silica Holdings.

Corporate tax rate of 27% is the nominal tax rate for U.S. Silica Holdings. 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 SLCA 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 SLCA are equal to 94.9%.

Life of production assets of 14.2 years is the average useful life of capital assets used in U.S. Silica Holdings 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 SLCA is equal to 8.9%. 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 - $1396.506 million for U.S. Silica Holdings - 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 77.477 million for U.S. Silica Holdings 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 U.S. Silica Holdings at the current share price and the inputted number of shares is $1.2 billion.

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COMPANY NEWS

▶ How Financially Strong Is US Silica Holdings Inc (NYSE:SLCA)?   [Oct-19-18 09:37AM  Simply Wall St.]
▶ John Rogers Comments on U.S. Silica Holdings   [Oct-17-18 04:39PM  GuruFocus.com]
▶ New Strong Sell Stocks for October 12th   [Oct-12-18 08:06AM  Zacks]
▶ The Nitty-Gritty of Oil Sands Investing   [Sep-18-18 08:42AM  Motley Fool]
▶ 3 Cheap Stocks I'd Buy Right Now   [Sep-17-18 04:17PM  Motley Fool]
▶ 5 Penny Stocks Youd Have to Be Crazy to Buy   [Sep-05-18 02:41PM  InvestorPlace]
▶ Silica Holdings: 2Q Earnings Snapshot   [08:25AM  Associated Press]
▶ The Permian Rush Is Creating A Frac Sand Shortage   [Jul-18-18 04:00PM  Oilprice.com]
▶ U.S. Silica Declares Quarterly Dividend   [Jul-16-18 09:00AM  PR Newswire]
▶ 3 Top Stocks On Sale This Quarter   [Jul-07-18 08:47AM  Motley Fool]
▶ Demand for Frac Sand and Concrete Drives Scarcity   [Jul-05-18 03:21PM  Investopedia]
▶ Biotech and energy top list for best paying jobs   [May-25-18 01:46PM  Yahoo Finance Video]
▶ Exploring for Summer Profits in Energy   [May-23-18 02:30PM  Investopedia]
▶ 3 Top Energy Stocks to Buy in May   [May-15-18 09:32PM  Motley Fool]
▶ U.S. Silica Provides Update On Capital Allocation Plan   [May-14-18 09:00AM  PR Newswire]
▶ U.S. Silica Completes Acquisition of EP Minerals   [May-01-18 09:00AM  PR Newswire]
▶ Intel, Zimmer Holdings, US Silica Holdings & Square   [Apr-27-18 01:49PM  CNBC Videos]
▶ Silica Holdings: 1Q Earnings Snapshot   [06:15AM  Associated Press]
▶ Trade of the Day: U.S. Silica Holdings (SLCA)   [Apr-18-18 09:10AM  InvestorPlace]
▶ Is U.S. Silica Holdings a Buy?   [Apr-10-18 07:20AM  Motley Fool]
▶ Wired News US Silica Purchases EP Minerals   [Mar-27-18 07:20AM  ACCESSWIRE]
▶ [$$] U.S. Silica to Buy EP Minerals for $750 Million   [06:18AM  The Wall Street Journal]
▶ EP Minerals to be Acquired by U.S. Silica   [05:30AM  Business Wire]
▶ 3 Stocks That Are Absurdly Cheap Right Now   [Mar-10-18 03:10PM  Motley Fool]
▶ Insiders Are Frantically Buying Up These Cheap Stocks   [Feb-27-18 03:38PM  Insider Monkey]
▶ Silica Holdings misses 4Q profit forecasts   [06:20AM  Associated Press]
▶ U.S. Silica Declares Quarterly Dividend   [Feb-20-18 09:00AM  PR Newswire]
▶ T. Boone Pickens' Top 4 New Buys   [Feb-14-18 03:46PM  GuruFocus.com]

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