Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

U.S. Silica Holdings, Inc. (SLCA)

Company Dividend Discount ModelIndustry: Oil & Gas Equipment & ServicesSector: Energy

Valuation Snapshot

Stable Growth$21.78 - $48.51$31.46
Multi-Stage$24.38 - $26.77$25.55
Blended Fair Value$28.51
Current Price$15.43
Upside84.75%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS-74.15%-47.06%0.000.000.000.080.240.250.260.190.340.34
YoY Growth---85.98%530.77%-99.58%-66.73%-6.63%-2.28%34.72%-43.56%-0.28%102.04%
Dividend Yield--0.00%0.02%0.00%0.64%13.07%1.46%1.01%0.40%1.49%0.95%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)88.98
(-) Cash Dividends Paid (M)0.02
(=) Cash Retained (M)88.96
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.8011.126.67
Cash Retained (M)88.9688.9688.96
(-) Cash Required (M)-17.80-11.12-6.67
(=) Excess Retained (M)71.1677.8482.29
(/) Shares Outstanding (M)79.0579.0579.05
(=) Excess Retained per Share0.900.981.04
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share0.900.981.04
(=) Adjusted Dividend0.900.981.04
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate2.78%3.78%4.78%
Fair Value$21.78$31.46$48.51
Upside / Downside41.17%103.90%214.40%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)88.9892.3495.8399.45103.21107.10110.32
Payout Ratio0.02%18.02%36.01%54.01%72.00%90.00%92.50%
Projected Dividends (M)0.0216.6434.5153.7174.3196.39102.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate2.78%3.78%4.78%
Year 1 PV (M)15.4015.5515.70
Year 2 PV (M)29.5530.1330.71
Year 3 PV (M)42.5643.8145.09
Year 4 PV (M)54.4956.6458.85
Year 5 PV (M)65.4068.6572.02
PV of Terminal Value (M)1,719.931,805.251,893.92
Equity Value (M)1,927.332,020.032,116.30
Shares Outstanding (M)79.0579.0579.05
Fair Value$24.38$25.55$26.77
Upside / Downside58.01%65.61%73.50%

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