GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MRC Global Inc (NYSE:MRC) » Definitions » Intrinsic Value: Projected FCF

MRC Global (MRC Global) Intrinsic Value: Projected FCF : $18.95 (As of Apr. 29, 2024)


View and export this data going back to 2012. Start your Free Trial

What is MRC Global Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-29), MRC Global's Intrinsic Value: Projected FCF is $18.95. The stock price of MRC Global is $11.60. Therefore, MRC Global's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for MRC Global's Intrinsic Value: Projected FCF or its related term are showing as below:

MRC' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.23   Med: 0.51   Max: 0.83
Current: 0.61

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of MRC Global was 0.83. The lowest was 0.23. And the median was 0.51.

MRC's Price-to-Projected-FCF is ranked better than
66.96% of 681 companies
in the Oil & Gas industry
Industry Median: 0.85 vs MRC: 0.61

MRC Global Intrinsic Value: Projected FCF Historical Data

The historical data trend for MRC Global's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MRC Global Intrinsic Value: Projected FCF Chart

MRC Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.77 28.85 21.81 14.00 18.95

MRC Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.00 13.37 13.73 13.37 18.95

Competitive Comparison of MRC Global's Intrinsic Value: Projected FCF

For the Oil & Gas Equipment & Services subindustry, MRC Global's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MRC Global's Price-to-Projected-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MRC Global's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where MRC Global's Price-to-Projected-FCF falls into.



MRC Global Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get MRC Global's Free Cash Flow(6 year avg) = $96.96.

MRC Global's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*96.96+843*0.8)/84.315
=18.95

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MRC Global  (NYSE:MRC) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

MRC Global's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=11.60/18.946727044354
=0.61

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MRC Global Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of MRC Global's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


MRC Global (MRC Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MRC Global Inc (NYSE:MRC) » Definitions » Intrinsic Value: Projected FCF
Traded in Other Exchanges
N/A
Address
1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
Executives
Shweta Kurvey-mishra officer: See Remarks 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Anne Mcentee director 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Malcolm O'neal officer: SVP - Human Resources 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Emily K. Shields officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Stephen B. Smith officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Ronald L Jadin director 100 GRAINGER PARKWAY, LAKE FOREST IL 60045
George John Damiris director 100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
Gillian Anderson officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Robert J. Saltiel director, officer: President and CEO 4 GREENWAY PLAZA, HOUSTON TX 77046
Rance C Long officer: SVP-Business Development 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
John P Mccarthy officer: SVP-Supply Chain 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Cornell Capital Gp Ii Lp 10 percent owner C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Cornell Investment Partners Llc 10 percent owner C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mario Investments Llc 10 percent owner C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Cornell Capital Special Situations Partners Ii Lp 10 percent owner C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022