MeritValue

BOISE CASCADE Co

BCCdata completeness 100%15 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$7.93B1$8.39B2$6.84B3$6.72B3$6.4B3
Net income$712.5M4$857.7M5$483.7M6$376.4M6$132.8M6
Operating cash flow$667M7$1.04B8$687.5M9$438.3M9$254.1M9
Capital expenditure$106.5M10$114.1M11$215.4M12$229.6M12$241.4M12
Free cash flow (derived)$560.5M7$927.1M8$472M9$208.8M9$12.7M9
Total debt$444.6M13$444.4M14$445.3M15$446.2M16$445.4M16
Cash & equivalents$748.9M17$998.3M18$949.6M19$713.3M20$477.2M20
Diluted shares39.6M39.8M39.9M39.3M37.6M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.000027%
of the whole company
Your share of last year’s profit
$35.31
Your share of its debt
$118.4
Your share of free cash flow
$3.38
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$75.89
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$208.8M
DCF · Growth Exit 5Y
$82.06
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$208.8M
Earnings Power Value
$135.48
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$483.7M
  • growthAssumed0.0%
Graham Number
$66.19
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $82.06

Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001328581-24-000018 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001328581-25-000010 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001328581-26-000006 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0001328581-24-000018 (ProfitLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001328581-25-000010 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001328581-26-000006 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-31 · accession 0001328581-24-000018 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0001328581-25-000010 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0001328581-26-000006 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001328581-24-000018 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0001328581-25-000010 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-12-31 · accession 0001328581-26-000006 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-12-31 · accession 0001328581-23-000020 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2022-12-31 · accession 0001328581-24-000018 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2023-12-31 · accession 0001328581-25-000010 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2024-12-31 · accession 0001328581-26-000006 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2021-12-31 · accession 0001328581-23-000020 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-12-31 · accession 0001328581-24-000018 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-12-31 · accession 0001328581-25-000010 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-12-31 · accession 0001328581-26-000006 (CashAndCashEquivalentsAtCarryingValue)